Voith and CHANEL have become the newest investors to Yangi and aim to continue and accelerate the commercialisation of its innovative manufacturing technology for sustainable packaging.
Yangi is a material science biotech company working with wet and dry cellulose-based processes combined with prior art in dry forming technology. Dry forming is a combination of airlaid formation and fast pressing. The two technology platforms create a single clean process line with minimal water and energy use, resulting in minimized CO2 emissions.
Voith, a global technology company with a broad portfolio of systems, products, services, and digital applications, and the luxury brand CHANEL signed a purchase agreement and are now proud owners of shares in Yangi. Both companies are joining FutureLab & Partners, a tech accelerator company, and Turret Oy, a privately owned investment company, as part owners of Yangi, creating an impressive consortium of venture and industrial investors, securing Yangi’s future in 2023 and beyond.
The investment enables Yangi to continue pursuing its mission of reshaping the world of packaging by accelerating the commercialisation and broad-scale rollout of its innovative manufacturing technology for sustainable packaging. The agreement highlights a shared commitment to support Yangi with R&D and the development of its innovative dry forming technology and next-generation fibre-based solutions, as well as actively supporting growth in new business areas.
“Voith’s expertise as the leading full-line supplier in the paper industry and Yangi’s expertise in dry processing of fibers open new doors for innovative solutions. Fiber-based packaging is a sustainable alternative to plastic and will continue to gain relevance,” says Dr. Michael Weiss, CTO of Voith Paper. “The investment in Yangi is an important strategic step for us to advance our decarbonization strategy as part of our Papermaking for Life sustainability program.”, Michael Weiss continues.
“Partnerships and investments are key to commercialising our technology at scale. We welcome Voith and CHANEL’s decision to invest in companies like Yangi, who are passionate about making a positive impact by sharing new thinking with like-minded partners,” says Johan Kaiser, CEO of Yangi. “From the beginning, we have been united by our common interest and motivation in sustainable technologies,” confirms Anna Altner, founder of Yangi.
