Woodoo\u2019s alternative to leather. Image Credits:<\/strong> Woodoo<\/p>\n<\/div>\n

The third material is a lightweight yet strong structural material that could be used by the construction sector. Ideally, construction companies could use this material instead of steel.<\/p>\n

Woodoo already has two industrial sites to produce those materials with a specific focus on three verticals \u2014 the\u00a0luxury, automotive and construction industries.<\/p>\n

When it comes to its supply chain, Woodoo relies on wood from common trees, like poplars. While the company is headquartered in Paris, Woodoo created its first industrial site near Troyes because the Troyes area is one of the largest European areas for poplars.<\/p>\n

\u201cEither they are not exploited, or they are exploited for wood energy or materials with very low added value,\u201d Boitouzet said. \u201cBut these are species that grow very fast, so they store the most CO_{2<\/sub>.\u201d<\/p>\n}

With today\u2019s funding round, the company wants to double down on its existing products and industries. \u201cWhat made this important funding round possible is that we have been able to self-finance without external cash so far. I injected quite a bit of personal money, we won 44 innovation awards and of course we sell products to customers,\u201d Boitouzet said.<\/p>\n

Woodoo has already signed deals with luxury brands (LVMH), car markers (Volkswagen and Mercedes) and more recently the first deal in the construction industry (Garnica). And with some fresh cash in its bank account, Woodoo can now scale its production and deliver on its vision.<\/p>\n<\/p><\/div>\n

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