Sustainable Construction Products Company Pretred Announces $3 Million Investment
INDIANAPOLIS -May 11, 2021 – Pretred, a Colorado-based company that produces industrial barriers from >95% recycled materials, has announced a $3 million seed investment led by HG Ventures, the corporate venture arm of The Heritage Group. Pretred will use this investment to scale its US-based tire and plastic recycling process to meet the growing demand for green construction products. Pretred is a graduate of the 2020 cohort of The Heritage Group Accelerator Powered by Techstars®, a program for mentoring and developing early-stage companies in the hardtech industries of advanced materials, infrastructure, and environmental services.
Tire waste has become a worldwide environmental challenge, with >1 billion sent to the landfill or burned every year. The Pretred technology recycles approximately 65,000 tires for every mile of barriers (880 barriers). These barriers reduce 98% of equivalent CO2 emissions vs. concrete barriers, providing a sustainable product for use in construction, roads, parks and beyond.