Sector: Deep-tech
Invested: August 2024
Founder:
Co-investors:
Zincovery is revolutionising the recycling industry with an innovative solution that could transform the global zinc market.
Annually, the steel recycling industry generates zinc dust worth approximately $10 billion USD, yet only half of this material is effectively recycled through a costly and outdated process. This results in recycled zinc that carries a carbon footprint double that of mined zinc.
Enter Zincovery. Since its inception in 2019, this pioneering company has developed a groundbreaking technology that slashes emissions by up to 95% and reduces production costs by 45%. This makes Zincovery's recycled zinc not only the most sustainable on the market but also one of the most economically viable.
Our Aspire team have followed Zincovery's progress since formation, recognising their potential and leading to investment in this forward-thinking start-up. The company’s journey has been marked by key milestones and a relentless commitment to overcoming industry challenges. Zincovery's approach to validating their technology and market potential has been meticulous, showcasing their ability to align technical innovation with commercial viability.
Zincovery stands out for its impressive blend of environmental impact and business acumen. Their technology offers a compelling solution to a significant industry problem, promising to make a substantial contribution to global sustainability with eager customers ready to adopt this cutting-edge technology, Zincovery is poised to lead the way in creating a greener, more efficient zinc recycling industry.
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