Tpg Rise Leads $170M Investment In Ubq Materials, Clean-Tech Company Converting Landfill Waste Into Recyclable Plastic Substitute
Tpg Rise Leads $170M Investment In Ubq Materials, Clean-Tech Company Converting Landfill Waste Into Recyclable Plastic Substitute
12/15/21, 9:00 AM
Location
tel aviv
Money raised
$170 million
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 Info
Location
tel aviv, tel-aviv district, israel
Additional Info
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.