Sonovia

Company Overview

Snapshot

Founded in December 2013 by Joshua Hershcovich, Roy Hirsch, and Shay Hershcovici, Sonovia operates with 11–50 employees. The company has raised a total of $22.69 million across five funding rounds. Sonovia went public on the TASE in December 2020 and on OTC in May 2021.

Business overview

Sonovia develops sustainable textile dyeing and finishing technologies that utilize ultrasonic methods. Their core technology significantly reduces water consumption, minimizes toxic waste, and decreases energy usage in textile production. The company focuses on eco-friendly solutions that integrate into existing manufacturing processes, aiming to enhance sustainability and cost-effectiveness within the textile and fashion industries. Sonovia operates within the Industrial Technologies sector, specifically in Material Innovations & Applications, and serves markets related to apparel, sports equipment, and general textiles.

Strategic signal

In May 2024, Sonovia partnered with Pure Denim to unveil its first jeans collection featuring Sonovia's sustainable denim dyeing technology at the Denim Premiere Vision Exhibition in Milano. This collaboration, which also involves French luxury conglomerate Kering, demonstrates a significant step towards commercial adoption of Sonovia's technology. It signals strong market validation and potential for widespread industry transformation, as the technology reduces CO2 emissions by 60%, water usage by 85%, and eliminates toxic waste, addressing critical environmental concerns in the fashion industry.

Company Intelligence Q&A

What significant partnership did Sonovia announce in May 2024?

In May 2024, Sonovia, in partnership with Pure Denim, unveiled its first jeans collection utilizing Sonovia's sustainable denim dyeing technology at the Denim Premiere Vision Exhibition in Milano. This initiative was also in collaboration with French luxury conglomerate Kering.

When did Sonovia go public?

Sonovia went public on the TASE in December 2020 and subsequently on OTC in May 2021.

What was the outcome of Sonovia's partnership with PureDenim and Kering regarding indigo yarn dyeing technology?

In March 2023, Sonovia partnered with Italian denim developer PureDenim and French luxury group Kering to implement its D(y)ENIM indigo yarn dyeing technology. This technology reduces water usage in textile dyeing by up to 85% and is 100% hydrosulfite-free, aiming to significantly reduce the environmental impact of denim manufacturing.

What grant did Sonovia receive in August 2019?

In August 2019, Sonovia received a 2.4 million euros grant from EU Horizon 2020, the European Union’s research and innovation program, to support its development of sonochemical coatings for anti-bacterial and odorless fabrics.

What was the impact of Sonovia's SonoMask on the fight against COVID-19?

In September 2021, a European lab confirmed that Sonovia's fabric eliminated COVID-19 Delta variant particles with over 99.95% effectiveness, leading to a nearly 30% spike in the company's stock. The technology uses sound waves to inject silver and zinc particles into textiles, killing bacteria and viruses.