EVRS completed a £600,000 Series A Financing, which will help the company get to expansion stage.
Southwick, Uk-based EVRS has developed a new approach to waste recycling, which combines a hydrolysis process with proprietary additives and catalysts to rapidly convert all organic matter into pure cellulose. The outputs from this process can either be utilised as a basis for products such as construction boards or converted to ethanol. The process leaves nothing to landfill and being hermetically sealed, emits no discharges.
Richard Turner of Catalyst Venture Partners who advised on the deal said: “EVRS Ltd is one of the most exciting environmental technology companies we have seen. This funding from private investors will substantially help the company get to expansion stage”.