Cleantech startup Verretex has raised €159,000 (CHF 150,000) from Venture Kick for its tech that turns damaged glass fibres into high-performance textiles.
Due to rising costs, supply chain pressures, and sustainability regulations, industries like aerospace, automotive, and wind energy urgently need recycled glass fibre textiles to replace virgin materials.
However, traditional recycling degrades fibre quality, leaving a critical gap in high-performance applications and causing recyclers to operate at a loss.
As a result, most composite waste is either incinerated or sent to landfills, leading to resource loss and a negative environmental impact.
Spun out of the École Polytechnique Fédérale de Lausanne (EPFL), Verretex has developed a unique process to regenerate damaged glass fibres from recycling, restoring the fibres’ strength and durability.
By closing the loop on glass fibre waste, Verretex provides a scalable solution that supports the economic and environmental goals of composite manufacturers, OEMs, and corporations seeking sustainable materials.
The company is already working with automotive, aerospace, sporting goods, and wind energy sectors to develop next-generation recycled glass fibre products.
“Our experience with Venture Kick has been crucial in shaping Verretex’s growth, offering not only essential funding but also invaluable mentorship,” emphasised CEO Mitchell Anderson.
The funds will advance business development by expanding customer engagements, scaling pilot projects, and supporting market entry strategies, certification, and supply chain development.
Lead image: Verretex’s team: CEO Mitchell Anderson, COO Lidia Rocoffort de Vinnière, CFO Pierre Wüst, and CSO Nour Halawani. Photo: uncredited.
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