WATERMANS BAY – Australian textile innovator ULUU has secured AU$8.6 million (US$5.8m) to scale the production of its natural, PHA-based (polyhydroxalkanoates) polymers.
PHA fibres are biosynthetic alternatives to fossil fuel-based materials, and so in theory could help reduce the industry’s carbon emissions output by switching out synthetics.
The company secured the funds from existing investors Main Sequence, Possible Ventures, Alberts, and Mistletoe Inc, with the support of supermodel Karlie Kloss and musician Kevin Parker.
