Insights Selfrag Raises 14.3 Million CHF

Selfrag Raises 14.3 Million CHF

22 June 2023 · 1 min read
Selfrag has announced the successful closure of financing worth over 14.3 million CHF to accelerate the growth of its waste to value initiatives.
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Centro Uno interior view

Selfrag has recently announced the successful closure of financing worth over 14.3 million CHF. This includes 9.3 million CHF of equity provided by its core shareholders and 5 million CHF of debt secured through the Technology Fund and UBS. This funding injection is a significant milestone for the company, and it will enable Selfrag to accelerate the growth of its waste to value initiatives.

Acceleration of the Centro Due Project

The capital injection will accelerate Selfrag's Centro Due Project in Kerzers, with construction expected to start in Q4 2023, and the facility to become operational by Q4 2024. With the support of its scientists, engineers and business partners, Selfrag uses its patented High Voltage Pulse technology to recover metals and minerals from incinerator bottom ash that would otherwise go to landfill — improving recycling and recovery rates, reducing CO₂ emissions, and cutting landfill volumes by roughly 50% of all IBA processed.

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