PulpaTronics, the company developing sustainable, cost-effective RFID tags for inventory solutions that reduce environmental impact, is excited to announce the successful close of a pre-seed funding round. The round was led by Sustainable Ventures with co-investment from NextSTEP (venture fund of NextEnergy Group), the RCA Design and Innovation S/EIS Fund, Cranfield Seed Fund, molecules.vc, Suzannah Steele, Thomas Plein, Adam Taylor, and Pierre Paslier.
The funds will be used to deliver the company’s mission to deliver fully recyclable, metal-free and chipless RFID tags to track single-use items. The global RFID market will reach $36 billion by the end of the decade and with 40 billion RFID tags ending up in landfill as e-waste every year, this provides a major opportunity for PulpaTronics to positively impact this industry.
PulpaTronics’ innovative technology eliminates these harmful components by laser-inducing conductive circuits on paper, providing a sustainable, cost-effective alternative that integrates with existing recycling processes. This technology allows retailers to manage inventory more efficiently and sustainably while reducing both environmental impact and costs.
– We are thrilled to announce the closing of our pre-seed funding round. We are grateful to all the investors who have joined us on our journey. This investment not only kickstarts the growth of our vision but also empowers us to accelerate our R&D for commercialisation so that we can do our part to make an impactful contribution towards climate change, says Chloe So, Co-founder & CEO PulpaTronics
Sets a new standard
PulpaTronics’ technology is designed to meet the growing demand in the retail industry for eco-friendly solutions. The company is in advanced discussions with leading retailers and packaging manufacturers to pilot its hybrid RFID tags. With scale, PulpaTronics’ RFID tags will provide additional cost savings and enhanced recyclability, setting a new standard for sustainable product identification. The new funds will enable PulpaTronics to accelerate product development, launch pilot programs with industry leaders, and expand its operations to cater to new use cases.
– When assessing PulpaTronics, it was clear that they are a well rounded founding team with a clear vision that had enabled them to bring impressive experts and brands onside extremely early in their journey, while also innovating in an established but technically sedentary sector allowing for sizeable impact at scale, says Josh Armistead-Wood, Sustainable Ventures
