Dive summary:
- Lehigh Technologies is receiving $16 million in new investments from venture capital firms led by Leaf Clean Energy, including Kleiner Perkins Caufield Byers, Index Ventures and NGP Energy Technology Partners.
- According to Lehigh, the money will “expand its geographic reach and research and development initiatives, including strengthening its ability to meet commercial demand.”
- Lehigh uses micronized rubber powder to recycle end-of-life tire and post-industrial rubber into new materials that are used for high-performance tires, plastics goods, asphalt and coatings and construction materials.
From the article:
Lehigh Technologies Inc., an Atlanta-based tire recycling company, has completed $16 million in financing, securing investments from a number of venture capital firms led by Leaf Clean Energy, including Kleiner Perkins Caufield Byers, Index Ventures and NGP Energy Technology Partners.
According to Lehigh, the funding will go toward expanding its geographic reach and research and development initiatives, including strengthening its ability to meet the commercial demand for its micronized rubber powder (MRP) technology. ...
