Green Angel Ventures today announced a new investment in an innovative sustainable technology in the carbon fibre composite market.
Lineat is pioneering an award-winning market-leading carbon fibre recycling process. The company is seeking to fund its continued growth and technology development. Lineat leads the way in carbon fibre recycling producing a superior material than currently offered to the market, which has led to interest and collaboration across multiple sectors. Collaboration opportunities with GKN Aerospace, automotive primes such as Hyundai/KIA and JLR, Wilson, HEAD and SCOTT in sports as well as the renewables and marine sectors are all in discussion. Lineat has also secured funding for a scale-up project alongside JLR.
CEO Cam Ross comments: “We have been impressed with the vision and ingenuity of Lineat’s technology. It has the potential to be transformative in the treatment of carbon fibres.”
Gary Owen CEO and co-Founder comments: “The world of sustainable carbon fibre composites is a new and rapidly expanding sector within the multi-billion dollar general composite market. At Lineat we are disrupting the industry with our sustainable and circular material options. Green Angel Ventures alongside our follow-on investors at UKI2S, East Innovate and SFC Capital and for sharing our vision on sustainable carbon fibre technology.’’
