Made of Air, Raises €5M to Make Thermoplastics for Audi, H&M Group and Other Leading Companies

Made of Air, Carbon Negative Materials Company turns wood waste into thermoplastics. The company raised €5M to significantly expand production capabilities, scale the team, and further carbon-negative material R&D.

 

The round was led by Norwegian sustainability-focused family fund, TD Veen with participation by Patrick Pichette (former CFO of Google and Chairman of the Board of Twitter), EQT Group, Thomas Von Koch (CEO and cofounder of EQT Group), Tuesday Capital, the Co-Founders of Pexip, and Olympic gold medalist skier, Aksel Lund Svindal.


A range of applications already uses Made of Air's material. Made of Air recently delivered a large-scale installation of facade panels for Audi's flagship dealership. The material used has permanently captured atmospheric CO2. The company has also partnered with H&M Group to create sunglasses. It is now exploring other projects that integrate Made of Air materials within H&M Group's supply chain. Made of Air has also partnered with a major US furniture manufacturer and has several more projects with major global brands slated to launch shortly.


Made of Air is in business to reverse climate change. In the coming months, Made of Air will significantly expand production capabilities with a new factory online, scaling the team with additional hires in R&D, product, and business development, announcing additional partnerships with global brands, and continuing to research and develop carbon-negative materials.


"Made of Air's core purpose is to reverse climate change," said Allison Dring, Made of Air's CEO and Co-Founder. "Negative emissions technologies are urgently needed to reach our global climate targets and I am thrilled to be building this important material. Made of Air has created a technology that leverages the carbon sequestration potential of biochar into a new material resource -effectively turning manufactured goods into carbon sinks. This funding round is a vital step in instituting this technology in manufacturing at scale and a momentous step in our mission."