Canvaloop raises $1.4m, eyes tenfold increase in textile production

GVFL, an Indian task superior firm, invested INR100m, with Rockstud Capital contributing the remaining INR33m.

Founded successful 2020 by Shreyans Kokra, Canvaloop develops spinnable fibres from harvest residues including hemp, flax, banana, nettle and pine, nether merchandise names specified arsenic HempLoop, FlaxLoop, BanLoop, NettleLoop, and PineLoop.

The institution designs its materials to integrate with existing spinning mills.

Canvaloop plans to usage the caller superior to grow monthly accumulation capableness from 30 tonnes to 300 tonnes and to beforehand probe and improvement successful regenerative cellulose.

The institution volition besides adhd squad members to enactment growth.

GVFL managing manager Mihir Joshi said: “Canvaloop exemplifies the scalable innovation Gujarat startups are delivering successful deep-tech sustainability. With its founder, Shreyans Kokra’s vision, we are excited to substance their travel from a section waste-to-fibre pioneer to a planetary proviso concatenation backbone. This concern aligns with GVFL’s committedness to high-impact ventures driving biology and economical value.”

Rockstud Capital managing spouse Abhishek Agarwal said: “Canvaloop’s quality to person cultivation discarded into textile-grade materials shows however sustainability and concern innovation tin spell manus successful hand. We deliberation specified solutions are captious for the displacement to circular manufacturing successful planetary proviso chains.”

Canvaloop has supplied much than 200 clients and reported gross procreation to corroborate the commercialized viability of its products.

The institution targets premium and luxury marketplace segments done proprietary processing that aims for accordant and cost-effective quality.

Shreyans Kokra stated that the company’s nonsubjective aligns with the textile and manner industry’s people to trim greenhouse state emissions from fibre and earthy worldly accumulation by 45% by 2030.

Kokra said: “We alteration cultivation discarded into textile-grade materials and yarns utilizing proprietary low-impact technology. Our climate-friendly, closed-loop process eliminates the usage of solvents, recycles water, and utilises bio-waste arsenic a vigor source.”

"Canvaloop raises $1.4m, eyes tenfold summation successful textile production" was primitively created and published by Just Style, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.