Oxwash, a startup aiming to transform the laundry industry through sustainable practices and advanced technologies, has received significant investment from Vala Capital to support its vision of becoming the first net-zero laundry platform globally.
Information on the Target
Oxwash, founded in 2018 by former NASA scientist Dr. Kyle Grant and Oxford engineer Tom de Wilton, aims to revolutionize the traditional laundry and dry cleaning industry by leveraging advanced technologies typically used in aerospace and hospital sterilization. The company emphasizes the implementation of sustainable practices to address the environmental challenges posed by the laundry sector, which includes excessive CO2 emissions and the use of toxic chemicals.
Their business model is not merely a tech-enhanced version of existing laundry services; instead, they are developing innovative solutions such as electric cargo bikes for local deliveries and proprietary washing technologies that significantly reduce water consumption and plastic pollution, thereby promoting a cleaner and more sustainable future.
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Industry Overview in the UK
The UK's garment care industry, valued at approximately £70 billion, is facing significant ecological challenges. Annually, it contributes around 265,000 tonnes of CO2 emissions, alongside a staggering release of 14,000 tonnes of micr
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Vala Capital
invested in
Oxwash
in 2023
in a Other VC deal
Disclosed details
Transaction Size: $5M
Equity Value: $5M