INDIANAPOLIS – Pretred, a Colorado-based company that produces industrial barriers from more than 95% recycled material, announced an initial investment of $ 3 million led by HG Ventures, the venture capital arm of The Heritage Group. Pretred will use this investment to expand its tire and plastic recycling process in the United States to meet growing demand for green building products. Pretred graduated from the 2020 cohort of The Heritage Group Accelerator Powered by Techstars®, a mentoring and development program for start-ups in the hardtech, advanced materials, infrastructure and environmental services industries.
Tire waste has become a global environmental challenge, with> 1 billion sent to landfill or burned each year. Pretred technology recycles approximately 65,000 tires for each kilometer of barriers (880 barriers). These barriers reduce 98% of CO equivalent2 emissions compared to concrete barriers, providing a durable product for use in construction, roads, parks and beyond.
“By successfully increasing our seed cycle, we can accelerate our scale-up and deploy our barriers and blocks in markets that have an immediate need for high-performance, sustainable materials,” said Eric Davis, CEO of Pretred. “We value our partnership with The Heritage Group and have already drawn on their technical and commercial expertise in building materials and the circular economy.
“We are delighted to have the opportunity to invest in Pretred as we have been impressed with the creativity, experience and passion of their management team,” said Ginger Rothrock, Senior Director at HG Ventures and Member of the Pretred Board of Directors. “We believe Pretred is a pioneer in making green building materials by making beautiful, tough and environmentally friendly building products from some of the most polluting materials in the world.
See https://www.pretred.com/ for more information.