Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Subscribe
French textile upcycling specialist Losanje has closed a €6.7 million funding round to expand its industrial model, which transforms used, defective, or unsold apparel into premium new products.
Backed by a mix of public and private investors—including UI Investissement, Crédit Agricole, Lita, Evolem, ADEME, Bpifrance, and the Bourgogne-Franche-Comté region—the capital injection will fund a new 2,500-square-meter warehouse in Nevers, advanced manufacturing machinery, and targeted R&D to boost overall production capacity.
Founded in 2020 in a small garage on the banks of the Loire River, Losanje has spent the last five years establishing automated, large-scale upcycling infrastructure in Europe.
To date, the company has successfully diverted and reintroduced over 340 tons of textiles back into the market. Losanje currently works directly with apparel brands, traditional retailers, local authorities, and textile manufacturers to process their inventory.
Co-founder Simon Pyeronnaud emphasized that this funding marks a decisive milestone for the broader industrial upcycling sector, noting that the company’s near-term strategy focuses on processing massive volumes of surplus inventory, particularly within the commercial ready-to-wear market.
“Along with second-hand and recycling, upcycling is consolidating itself as a complementary pillar capable of adding value to enormous existing stocks.” — Simon Pyeronnaud, Co-founder of Losanje
ABB and Swedish textile impact company Syre have signed a Memorandum of Understanding (MoU) to explore how automation, electrification, and digital technologies can support the development of Syre’s first industrial-scale textile-to-textile recycling facility in Gia Lai province, Vietnam.
The exploratory collaboration provides a framework to assess how advanced process control, quality optimization, and electrical infrastructure can enable safe, efficient, and scalable production of circular polyester.
UK retailer Aldi and dairy cooperative Arla Foods have partnered with recycling tech specialist Polytag to initiate an operational pilot aimed at tracking milk bottles through the UK recycling stream using advanced ultraviolet (UV) tagging technology.
Building on an initial pilot conducted in 2023, the collaboration seeks to gather granular, data-driven insights into how packaging moves beyond the point of sale and behaves within municipal waste systems.
GreenDot France is exploring the acquisition of French Extended Producer Responsibility (EPR) operator Léko, a move that could significantly reshape the country’s waste management and recycling landscape. The potential transaction aims to strengthen collection infrastructure, improve sorting networks, and accelerate the transition toward a circular economy in France.