
HeiQ AeoniQ, a Zürich, Switzerland-based company which specializes in materials innovation, received an investment from MAS Holdings.
The amount of the deal was undisclosed.
The company intends to use the funds to expand operations and its business reach.
HeiQ AeoniQ is HeiQ’s key initiative for the textile industry that aims to create a climate-positive continuous cellulosic filament yarn through a proprietary manufacturing process, reproducing the properties of polyester and nylon yarns for the first time in a cellulosic, durable, biodegradable, and endlessly recyclable fiber. HeiQ has established HeiQ AeoniQ as a stand-alone company, allowing its business partners to participate from the development stage and be part of the team pioneering this initiative to reverse the carbon footprint in the textile industry.
With this investment, MAS Holdings becomes the first manufacturer to partner with HeiQ AeoniQ™ in their efforts to provide a sustainable alternative to polyester and nylon.
FinSMEs
10/07/2023