eBay (EBAY) investing $300,000 into Refiberd in its ongoing efforts to support fashion startups to scale circular solutions through its global Circular Fashion Fund program. This funding is aimed to scale the impact of Refiberd’s cutting-edge AI system that can discern exactly what different fabrics are made of, allowing them to be accurately sorted and recycled. Their technology can be integrated into existing recycling infrastructures to sort materials and ensure they’re processed using the right methods-helping recyclers turn textile waste into new, usable fibers. By enabling more efficient recycling, Refiberd aims to tackle the industry’s waste-sorting dilemma and drive true circularity in fashion.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EBAY:
- EBay call volume above normal and directionally bullish
- eBay price target lowered to $54 from $60 at JPMorgan
- eBay a good e-commerce alternative to Wayfair, says Citi
- eBay CFO sells $1.90M in common stock
- Tariff-fueled recession fears ‘relative negative’ for Internet sector, says BofA
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue