Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech
- Kubik has raised a $1.9 million seed extension from African Renaissance Partners, Endgame Capital, and King Philanthropies.
- The startup is scaling its operations in Ethiopia and plans to license its technology for Pan-African and global growth.
- Kubik's low-carbon building materials have passed safety tests and it is looking to diversify its product offerings.
Kubik's innovative approach to upcycling plastic waste into low-carbon building materials presents a promising solution to the global plastic waste problem. With its successful fundraising and plans for expansion, the startup has the potential to make a significant impact in the construction industry and contribute to sustainable development.
