E-Leather Raises £70M in Funding


E-Leather Raises £70M in Funding

 

E-Leather, a Peterborough, UK-based global leader in patented high-tech materials technology, raised £70M in funding.

The round was led by ETF Partners in partnership with funds managed by Hermes GPE.

The company will use the funds to invest in a state-of-the-art facility to meet demand from a range of sectors, from aviation and transport through to consumer sectors. The new factory will allow E-Leather’s production to be increased from 2019 onwards.

Led by Chris McBean, President, E-Leather makes eco leather, which is designed and manufactured to provide an advanced upholstery and cladding material that can meet specific performance criteria, suitable for a range of industries including aviation, bus, coach, rail, marine, domestic upholstery and contract upholstery.

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