Biotic

Company Overview

Snapshot

Founded in June 2020 by Adi Goldman and Eran Perlstein, Biotic operates with 11–50 employees. The company has raised $4.75M across 7 funding rounds from 7 investors. In February 2024, Biotic secured a grant from Continental, signaling a strategic partnership for sustainable materials in the automotive industry.

Business overview

Biotic develops scalable and circular solutions for plastics by creating fully biodegradable and bio-based PHBV (PHA) polymers. Their technology utilizes sea algae as a raw material, offering an environmentally friendly alternative to traditional plastics. The company's products are designed to seamlessly integrate into existing production lines, serving industries such as automotive and packaging, and contributing to a zero-waste, circular economy approach.

Strategic signal

In February 2024, Biotic was honored with the Climate Solutions Prize by Continental and Startup Nation Central, recognizing its innovative approach to sustainable materials. This partnership with Continental, a major automotive player, signifies strong market validation for Biotic's bio-based PHBV polymers and indicates potential for significant expansion into the automotive sector, replacing fossil-based components and packaging.

Company Intelligence Q&A

What is Biotic's core technology?

Biotic develops fully bio-based and biodegradable PHBV polymers derived from sea algae. This technology offers a scalable and circular solution to replace traditional fossil-based plastics, aiming to reduce greenhouse gas emissions and promote a zero-waste economy.

What significant partnership did Biotic secure in February 2024?

In February 2024, Biotic partnered with Continental after winning their Climate Solutions Prize. This collaboration focuses on integrating Biotic's algae-based plastic alternatives into automotive technologies, with plans for a proof of concept and long-term cooperation.

Which investors participated in Biotic's November 2022 seed round?

In November 2022, Biotic raised a seed round with participation from investors including Paseo Rosalez. The funding was intended to support the construction of a plant, process optimization, and increased production capacity for their biodegradable plastic materials.

What was the purpose of the October 2022 grant from the Israel Innovation Authority?

In October 2022, Biotic received a grant from the Israel Innovation Authority. This grant was provided to support the company's proof of concept for its bio-based plastic alternatives.

What is the environmental impact of Biotic's PHBV polymers?

Biotic's PHBV polymers are fully biodegradable in any environment, breaking down into carbon and water within a few months. This offers a significant environmental advantage over traditional plastics, contributing to reduced plastic waste and a more sustainable material cycle.