EF Polymer Secures $17.8 Million in Series B Funding to Scale Sustainable Innovation
EF Polymer, a deep tech startup from India, has raised $17.8 million in its Series B funding round. The funds will boost R&D and manufacturing, enhancing the global reach of their bio-based polymers, which improve water retention in agriculture and are now branching into new sectors like cosmetics.
- Country:
- India
EF Polymer, a pioneering deep tech startup based in India, has successfully closed its Series B funding round, raising $17.8 million. Investors from various sectors participated in the funding, underscoring widespread confidence in the company's mission to advance sustainable innovation on an international scale.
Specializing in the production of 100% bio-based super absorbent polymers, EF Polymer utilizes agricultural waste to tackle the pressing issue of water scarcity. These biodegradable polymers significantly enhance soil water retention, decrease irrigation demands, and support farmers in drought-affected regions.
Endorsed by leaders such as India's and Japan's Prime Ministers, EF Polymer's innovative approach has garnered international acclaim. With the new funds, the company plans to expedite research and development, increase manufacturing capacity, and solidify its presence in key markets like Japan and the U.S.
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