Alt leather startup repurposes waste from growing CBD industry

May 30, 2022 |

In Germany, startup Revoltech has raised seven-figure seed funding for LOVR, a leather alternative made from hemp fibers and residues from the fast-growing CBD market. 

Founded in 2021 by Lucas Fuhrmann, Julian Mushövel and Montgomery Wagner, Revoltech says participants in the seed funding include b.value AG, BMH Beteiligungs-Managementgesellschaft Hessen mbH and HEAG. The funds will be used to expand production. 

“Our breakthrough technology ensures that we can produce LOVR with a minimal carbon footprint,” says Julian Mushövel, Co-Founder & CTO. “Our material will play an important role in fighting climate change and preserving our ecosystems.”

Peter Kallien, CEO of b.value AG, says the material is based on a “strong and scalable technology foundation and a highly competent and enthusiastic founding team.” Helge Haase, responsible investment manager at BMH, calls LOVR the first truly sustainable alternative to leather. “We see significant growth potential, as the trend towards sustainable business has reached all industries and is here to stay.”

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Category: Chemicals & Materials

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