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Terracle logo — Infinite use of plastic without environmental pollution

Terracle

Infinite use of plastic without environmental pollution

Founded 2021 Korea South Korea South 8 employees Series A Total: $10.50B Sustainability

General Information

Company Name Terracle
Founded Year 2021
Location Korea South Korea South +2
Employees 8
Industries Sustainability
Funding Stage Series A
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About Terracle

Terracle is a waste plastic recycling company based in Korea South, founded in 2021. Their mission is to achieve the infinite use of plastic without environmental pollution. Terracle uses Depolymerization technology to chemically recycle disposable coffee cups, low-grade waste plastics, and polyester, including PET, the largest source of waste plastics, regardless of color. Their process results in the production of high-purity TPA (terephthalic acid) and EG (ethylene glycol). In their most recent round of funding, Terracle secured a KRW10.50B Series A investment on 18th March 2024. The investment was led by a consortium of investors including DSC Investment, Envisioning Partners, KDB Investment, Schmidt, and Hyundai Motor Company. Terracle's innovative approach to plastic recycling and the substantial backing they received from notable investors position them as a promising player in the sustainable technology space.

Taxonomy: waste plastic recycling, depolymerization technology, chemical recycling, disposable coffee cups, low-grade waste plastics, polyester recycling, PET recycling, TPA production, EG production, environmental sustainability, plastic pollution, sustainable materials, chemical process, circular economy

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 5
Investor Investor Investor Investor
•••• •••• 		18 Mar 2024

Terracle Alternatives & Competitors

Terracle vs
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BlueAlp
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FAQ About Terracle

Infinite use of plastic without environmental pollution
Terracle was founded in 2021.
Terracle is headquartered in Korea South.
Terracle operates in the following industries: Sustainability.
Terracle has approximately 8 employees.
Terracle has completed 1 funding round, raising a total of $10.50B. The latest funding stage is Series A.
Top alternatives and competitors to Terracle include DePoly, ENCINA, BlueAlp, Recyc'Elit🌍, Cassandra . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Terracle and DePoly are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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