Taiwan’s Far Eastern Group, through its venture capital unit DRIVE Catalyst, has injected US$5 million into circular polyester innovator Ambercycle.
The investment is aimed at advancing textile regeneration in fashion by scaling up Ambercycle’s commercial facility for cycora, a sustainable material made from textile waste.
The partnership leverages Far Eastern’s 70-year polyester expertise and Ambercycle’s material innovation to push for a decarbonized fashion industry.
