Bolder Industries Raises $80M To Advance Commercial Scalability And Use Of End-Of-Life Tires While Reimagining Esg Initiatives
Bolder Industries Raises $80M To Advance Commercial Scalability And Use Of End-Of-Life Tires While Reimagining Esg Initiatives
10/06/21, 7:00 AM
Location
boulderMoney raised
$80 million
Bolder Industries, Inc., the pioneer in converting end-of-life tires into sustainable carbon black (BolderBlack®), petrochemicals (BolderOilTM), steel (BolderSteelTM), and power, announced today it has raised $80 million in equity and an additional $100 million in committed project-level funding, co-led by CIM Group and Aravaipa Ventures, and supported by strategic partner Tauber Oil, to accelerate its commercial scalability and advance its environmental, social, and governance (ESG) impact globally. Funding will support the global growth for Bolder Industries based on its proven circular solution for end-of-life tires to meet increasing customer demand, including long-term contracts from major automotive, manufactured rubber, plastics and sustainable petrochemicals partners.
Company Info
Location
boulder, colorado, united states
Additional Info
The company has developed and scaled a proprietary solution that recovers 98% of scrap tires by extracting high-quality petroleum-based ingredients and steel while helping customers achieve their corporate sustainability goals. Bolder Industries operates an end-to-end material science solution, turning end-of-life tires into raw resources that can be used for new product outputs, giving new meaning and life to "waste." Founded in 2011, Bolder Industries provides circular solutions for rubber, plastic and petrochemical supply chains. Bolder Industries is a pure-play when it comes to circularity for end-of-life tires.