Tpg Rise Leads $170M Investment In Ubq Materials, Clean-Tech Company Converting Landfill Waste Into Recyclable Plastic Substitute

Dec 15, 2021•over 3 years ago

Amount Raised

$170 Million

Tel Aviv

Description

UBQ Materials, developer of the leading climate-positive thermoplastic material on the market, today announced a $170 million funding round, led by TPG Rise, TPG's global impact investing platform.

Company Information

Company

Ubq Materials

Location

Tel Aviv, Tel Aviv District, Israel

About

UBQ Materials Ltd. has developed an advanced conversion technology, patenting the world's first bio-based thermoplastic (UBQTM) made entirely of unsorted household waste, including all the organics; a revolutionary way to divert municipal solid waste from landfills and convert it into a sustainable substitute for oil-based plastics. A certified B Corp, UBQ is a globally awarded cleantech company with customers including Mercedes-Benz, global retail solutions provider Mainetti and Arcos Dorados, the world's largest franchisee of McDonald's restaurants across Latin America. With a climate-positive impact and cost-competitive price, UBQTM empowers manufacturers with a simple transition to greater sustainability. Learn more by visiting UBQMaterials.com. Access UBQ Materials logos and imagery via the Press Kit.

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Tpg Rise Leads $170M Investment In Ubq Materials, Clean-Tech Company Converting Landfill Waste Into Recyclable Plastic Substitute

Description

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Funding Insights

Company Information