Clean Tech startup GreenMantra Technologies announced it has raised $3million in financing from Closed Loop Fund.
GreenMantra Technologies is a specialty chemical company that has commercialized a patented and proprietary catalytic depolymerisation technology that economically produces a variety of waxes and specialty chemicals using an innovative and environmentally-friendly process.
According to the company, the investment will enable GreenMantra to expand the capacity of its plant, which converts post-consumer and industrial waste plastics, including hard-to-recycle films and bags, into high-value waxes.