INCA Renewable Technologies scores $40M in Series B round

In New York state, INCA Renewable Technologies has secured a $40 million Funding Commitment as part of a Series B round from a private New York Family Office.

INCA’s team has deployed their decades of award-winning experience in fibre processing and bio-composites innovation and manufacturing to produce lighter prepregs for the automotive industry, large dimensional panels to replace plywood in RV sidewalls, cores for wind turbine blades and boats and compounded pellets to replace glass reinforced plastics.

The product line will be manufactured from hemp which has been legally grown in the Canadian Prairies since 1998, primarily for plant-based protein. INCA will acquire the waste biomass from large growers, refine it into long fiber, short fiber, and hurd and manufacture the full product line.