GigCapital2, Inc. has entered into a LOI to merge with Bolder Industries, enabling the latter to become a publicly traded company focused on sustainable waste tire management solutions.

Information on the Target

Waste to Energy Partners LLC, operating under the name Bolder Industries, is a recognized innovator in sustainable rubber and plastic solutions. A certified B Corporation, Bolder Industries aims to tackle the global waste tire crisis by converting used tires into valuable products. Its flagship offering, BolderBlack®, serves as a sustainable alternative to traditional carbon black, which is commonly used in rubber and plastic manufacturing. This alternative is produced from 100% recycled post-consumer and post-industrial rubber, making it a pivotal development in enhancing the sustainability of the industry.

Founded with a mission to mitigate landfill waste, reduce greenhouse gas emissions, and create local job opportunities, Bolder Industries has successfully implemented its advanced tire reuse technology, addressing an estimated 40 billion pounds of global waste tires each year. The company has garnered significant operational and product development expertise, positioning itself as a leader in the creation of sustainable materials.

Industry Overview

The global waste tire management industry is currently facing immense challenges due to increasing volumes of discarded tires, with estimations suggesting that approximately 1 billion tires are disposed of annually in the U.S. alone. Traditional disposal