IonKraft Insights
IonKraft Insights shares our learnings and progress towards 100% recyclable barrier packaging and a circular plastic economy. We survey the market, report on promising developments, and highlight the tough challenges we and the industry face. Follow our updates to discover how plasma coating technology is redefining the future of packaging.
IonKraft partners with Greif to drive sustainable innovation in the packaging industry
The collaboration marks the launch of our fully recyclable plasma coating technology for industrial packaging.
Aachen, 19 December 2024
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First movers play a crucial role in driving sustainable innovation forward, shaping consumer preferences and fostering long-term growth and competitiveness. Together with our first mover and partner company Greif, Inc. (NYSE: GEF, GEF.B) we are taking industrial packaging to the next level.
Over the past three years, we have been developing our pioneering plasma coating technology that sets a new industry standard for barrier solutions in plastic packaging while ensuring full recyclability. Greif will be the first company to implement this technology in one of their packaging production lines, marking an important step in the market introduction of our industrial scale coating machines. As a leader in the packaging industry with 140 years of experience, Greif is fully committed to providing innovative and sustainable packaging solutions that meet the most demanding customer needs. Real-world testing has already demonstrated the strength of our coatings in several trials, underscoring their effectiveness in protecting packaged products. This collaboration represents a significant step forward in our shared mission to transform the packaging industry and drive sustainability on a global scale.
In a joint Q&A session, Dr. Montgomery Jaritz, Co-Founder of IonKraft, and Tom Palmer from Greif discuss our innovative plasma coatings that are leading the way in sustainable packaging, meeting barrier requirements without compromising on recyclability.
This partnership demonstrates how sustainability and innovation can be seamlessly integrated into core business operations. For more details on IonKraft and Greif, visit www.ionkraft.com and www.greif.com.
IonKraft secures €3.5M equity funding to fuel circular economy in packaging
The round co-led by M Ventures & TVF and joined by HTGF will be used to scale up the production and sales of coating machines.
Aachen, 18 November 2024
Aachen (Germany)-based startup IonKraft GmbH, a spin-off of RWTH Aachen University, has successfully closed a first equity financing round of € 3.5 million. The round was co-led by M Ventures (the strategic investment fund of Merck) and TechVision Fund and joined by High-Tech-Gründerfonds. IonKraft develops innovative plasma-based barrier coatings that can replace non-recyclable barrier solutions and enables a fully circular economy in the packaging industry. The capital will be used to prepare the market entry and scale production.
“This financing round is a decisive step to support the market launch of our technology and to prepare for future scaling. We are thrilled to have a diverse group of investors who share our vision and will provide us with support on multiple levels.” says Benedikt Heuer, Co-Founder of IonKraft.
Full Press Release