Uplift360: €1 Million (Pre-Seed) Raised To Develop Sustainable Chemical Recycling Technologies

By Amit Chowdhry ● Dec 16, 2024

Uplift360, a company developing sustainable chemical recycling technologies for advanced materials, announced it has closed a €1 million pre-seed funding round led by Promus Ventures and with participation from Twin Track. This funding round will enable Uplift360 to scale its recycling technology and expand its team of scientists as it develops a first-of-its-kind concept demonstrator.

This funding round brings Uplift360’s total funding to €1.6 million since the company was founded in 2021 by Jamie Meighan (CEO) and Sam Staincliffe (CTO). With operations in Luxembourg and the UK, the company’s low-temperature recycling processes address a critical challenge in European industries such as defense, aerospace, and automotive, which face growing pressure to reduce waste and environmental impact while retaining access to high-performance materials.

Uplift360’s technology can extract valuable materials from products such as body armor, wind turbines, and aircraft components, which were previously far too expensive or impossible to recycle. And this investment will be used to accelerate the company’s mission to drive the circular economy for advanced materials and lead the charge for sustainable transformation in high-impact industries. Promus Ventures’ Partner Jeremy Teboul and Vice President Estelle Godard have also joined Uplift360’s board.

Industries such as aerospace and automotive depend on advanced materials, such as para-aramid, more commonly known as Kevlar or Twaron, for their strength, durability, and lightweight properties. However, the production and disposal of these materials generate significant waste. In most cases, this waste is incinerated or in landfills due to the lack of recycling options, further exacerbating environmental harm and creating an urgent need for sustainable alternatives.

Working with clients like DuPont and Teijin, Uplift360 addresses advanced material waste using low-energy recycling technologies, providing scalable solutions to this pressing issue. These patented and proprietary processes convert waste and end-of-life products into reusable fibers and use environmentally friendly chemicals to remove over 99% of resin from materials.

This process happens at room temperature, preserving the integrity and quality of reclaimed fibers, which can then re-enter the supply chain as near-virgin material while significantly lowering energy consumption compared to traditional methods. And the technology applies to a wide range of resin-coated materials, including carbon and glass fiber, UHMWPE, and para-aramids, making it versatile and adaptable across various industries.

Uplift360 works with advanced material manufacturers to develop onsite recycling facilities, offering clients an immediate and efficient path to reduce waste and lower their environmental footprint. These solutions not only minimize disposal costs but also allow companies to reclaim and retain the value of materials that would otherwise be discarded.

Uplift360 has shown the impact of its technologies through high-profile partnerships. The company received over €400k from the UK Defence and Security Accelerator (DASA) to recycle para-aramid fibers in body armor, reducing CO2 emissions and securing supply chains.

The company has also worked with Babcock and the Luxembourg Institute of Science and Technology to explore circular recycling systems for end-of-life aircraft and develop circular, non-fossil-fuel-derived materials for markets such as automotive and aerospace.

KEY QUOTES:

“We founded Uplift360 to solve the dual challenge of resource scarcity and environmental harm caused by advanced material waste. Our technology doesn’t just solve a technical problem – it unlocks an entirely new value chain for industries transitioning to a circular economy. By proving that recycled fibres can match new material quality without energy-intensive methods, we’ve shown that sustainability and efficiency can go hand in hand. This funding is a critical step toward scaling our technology and delivering impact to those industries in need on a global scale.”

  • Co-Founder Sam Staincliffe

“Uplift360 is tackling a critical and often overlooked problem in sustainability. Their recycling process is not only a technical achievement, but also a practical and scalable solution for industries striving to reduce waste and environmental impact. We’re proud to support Sam, Jamie, and their talented team as they scale their operations and redefine recycling for advanced materials.”

  • Jeremy Teboul, Partner at Promus Ventures

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