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The recycling crisis has been addressed by startup for a long time. Some people who have stuck with it and survived the lean times are now getting rewards from investors.
It has been difficult to raise in the space in the past. Miranda Wang is the co-founder and CEO of a plastic upcycling startup.
The majority of the change can be attributed to COVID.
For a while there, it was difficult to get some toilet paper, but now it is easier.
Demand for recycled toilet paper translated into demand for our systems at a time when it was hard to get people to come into work and people were afraid of touching packaging from households with carbon dioxide. It was an important factor in our business.
Supply chain shortages and new business models have led to a surge in investor interest.