Ambercycle

Ambercycle is a material science company that adopts a molecular regenerative technology solution called “Ambercycling” to process post-consumer or end-of-life textile waste. The process separates cellulosic materials, dyes, and other components in the textile items and regenerates materials such as yarn and fibers that can be used by other brands and garment manufacturers.

One patented material it produces is “Cycora’’, a regenerated fabric made out of textile waste.

The company also sells Cycora based products online via its website.

Key customers and partnerships

• In May 2021, Ambercycle partnered with Avery Dennison to launch Ambercycle’s digital care label, which will be attached to its garments.

• In June 2023, the company partnered with Shinkong Synthetic Fibers, a Taiwan-based chemical fiber and PET manufacturer, to produce yarns using Cycora and set up a large-scale manufacturing facility.

• In October 2023, Ambercycle partnered with Inditex to sell 70% of Ambercycle's Cycora production supply over three years in a deal worth EUR 70 million (~USD 74 million).

• In November 2023, the company partnered with GANNI to launch a collection based on textile-to-textile recycling.

• In February 2024, the company partnered with lifestyle brand Gap's brand, Athleta, to utilize recycled textiles in Athleta's product line.

• In June 2024, Ambercycle partnered with apparel manufacturer MAS Holdings to supply Cycora via a three year offtake agreement.

Funding and financials

In November 2023, the company secured a USD 5 million investment from DRIVE Catalyst, the investment branch of Far Eastern Group to support the construction of Ambercycle's commercial-scale facility and the expansion of “Cycora.” Previously, in January 2022, Ambercycle raised USD 21.6 million in an oversubscribed Series A funding round. The funds were pledged to scale the production of its Cycora material.