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material Evolution
July 12, 2023

Material Evolution raises $19M to decarbonize the cement industry

In the industrial world, cement is about as omnipresent as materials get. But despite its clear and obvious utility, cement is responsible for some 8% of global CO2 emissions — if it was a country, it would be third biggest emitter globally, by some estimations.

While cement’s ubiquity comes largely down to how easy it is to produce and the relative cost, creating cement is hugely carbon-intensive due to the amount of energy required to make it. And this is something that U.K. startup Material Evolution is seeking to address with a new low-energy manufacturing process that it says requires zero heat.

Founded in 2017, Material Evolution today announced it has raised £15 million ($19 million) in a Series A round of funding to scale production of its low-carbon cement, which it says has an 85% lower carbon-footprint than normal Portland cement.

While Material Evolution is officially incorporated in the U.S., where it initially intended as its first target market, the company operates substantively out of the U.K., where its founders and team of 20 are based, and also where its entire product development takes place.

Keep reading on techcrunch.com


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