EF Polymer Raises USD 6.6M in Series B First Close

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Startup Details

• Startup Name: EF Polymer
• Website: EF Polymer
• Location: Udaipur, India
• Industry: Agriculture (Organic Super Absorbent Polymers)

Founders

• Name: Narayan Gurjar
• Role: CEO and Founder

Fundraising Information

• Funding Amount: USD 6.6 million
• Funding Round: Series B (first close)
• Date of Fundraise: April 16, 2025

Investors

• Backers: Not disclosed

Purpose of Funds

• Accelerate R&D
• Expand business development
• Establish a new overseas manufacturing facility

Key Areas of Focus

1. Raw Material Innovation: Diversifying sources beyond orange and banana peel.
2. Circular Manufacturing: Building a closed-loop, sustainable production model.
3. Scaling Production: Pilot and implementation of multi-site manufacturing.
4. New Product Development: Expanding polymer applications outside agriculture.

Achievements

• Since launching in 2020, delivered over 400 tons of products to farmers across Japan, the U.S., and France by 2025.

Source link

2025-04-16 07:52:13