Grensol successfully closes seed capital round

(CONNECT) Grensol, based in Zurich, has successfully completed its seed capital round. The start-up for recycling waste streams from cars was able to secure a total of 1.8 million Swiss francs, according to a press release. The money will be used to expand the Biberist site in the canton of Solothurn. The plant for recovering metals, minerals and polymers from automotive shredder residues is scheduled to go into operation in 2026 Further research and technology developments for resource recovery from the automotive sector are also to be funded.

Investors include Buildify Earth, Kickfund, Venture Kick, the W. A. de Vigier Foundation and other private angel investors. The management team of Grensol - Rajiv Singhal (CEO), Dr. Marco Ziegler (CTO) and Marc Ocskay (CFO) - also participated in the financing round. The company also receives support from the Berner Kantonalbank(BEKB).

"We are very pleased to welcome our new investors," CEO Singhal is quoted as saying in the press release. "This seed capital round is a significant step for us. We look forward to working with partners who not only share our mission, but also have extensive experience in supporting green tech start-ups and promoting sustainable innovation on a large scale." ce/ww