ECOR Global
Manufacturing & Engineering
Nick Bravante
Summary
ECOR converts agricultural and urban fiber waste (cardboard) into high-performance composite panels that replace MDF/particleboard/plywood at 30–40% lower cost and with a carbon-negative footprint. Our process uses only heat, pressure, and water with no added formaldehyde/petrochemicals.
Notable Achievements
- The company operates at commercial scale, with active production in Europe and validation from global manufacturers including IKEA, MasterBrand, and Parador, and has secured $20M+ in signed contracts and $386M in POC evaluations within a $500B global building materials market. ECOR delivers cost-competitive, formaldehyde-free materials while eliminating deforestation and permanently storing carbon.
Pitch Video
The Business
ECOR is a next-generation building materials company commercializing carbon-negative composite panels made entirely from agricultural and urban fiber waste. ECOR replaces traditional wood-based products such as MDF, particleboard, and plywood, materials that rely on deforestation and toxic resins, with high-performance, formaldehyde-free panels that are cost-competitive at scale.
The company operates a modular manufacturing platform (E-Series production lines) that can be deployed near local waste streams, converting a disposal problem into a regional economic asset. ECOR’s technology is already operating at commercial scale in Europe, with validated performance across furniture, cabinetry, interior architecture, and emerging structural applications.
ECOR has secured significant third-party validation and early adoption from global manufacturers including IKEA, MasterBrand, and Parador, alongside $20M+ in signed commercial contracts and a broader pipeline exceeding $300M in active evaluations and LOIs. Capital from this round is focused on expanding production capacity, accelerating deployment of additional E-Series lines, and meeting demand that is already constrained by supply rather than market adoption.
The company operates a modular manufacturing platform (E-Series production lines) that can be deployed near local waste streams, converting a disposal problem into a regional economic asset. ECOR’s technology is already operating at commercial scale in Europe, with validated performance across furniture, cabinetry, interior architecture, and emerging structural applications.
ECOR has secured significant third-party validation and early adoption from global manufacturers including IKEA, MasterBrand, and Parador, alongside $20M+ in signed commercial contracts and a broader pipeline exceeding $300M in active evaluations and LOIs. Capital from this round is focused on expanding production capacity, accelerating deployment of additional E-Series lines, and meeting demand that is already constrained by supply rather than market adoption.
The Market
ECOR operates within the global panelboard and broader building materials market, which exceeds $500B annually and is undergoing rapid structural change. Independent diligence by AFRY, a leading global engineering and advisory firm, confirms both the technical viability of ECOR’s process and the scale of unmet demand for non-wood, low-carbon alternatives as regulatory and supply-chain pressures intensify.
At the macro level, the market is driven by a fundamental constraint: the world cannot house a rapidly expanding global middle class using forest-based materials. The global middle class has grown from ~500 million people in 2000 to ~1.7 billion today and is expected to add another ~700 million people by 2030, primarily in Asia, Africa, and Latin America. Meeting housing and infrastructure demand with conventional wood composites would exceed both the planet’s forest capacity and carbon budget.
Simultaneously, regulations such as EUDR in Europe, tightening formaldehyde restrictions, and rising tariffs and supply volatility are forcing manufacturers to seek scalable alternatives that do not carry a green premium. ECOR addresses this intersection directly: a cost-competitive, circular material platform capable of serving developed markets today while enabling locally manufactured housing materials across the Global South.
AFRY’s assessment supports ECOR’s view that non-wood, circular panel materials represent one of the largest and fastest-emerging opportunities in the built environment over the next decade.
At the macro level, the market is driven by a fundamental constraint: the world cannot house a rapidly expanding global middle class using forest-based materials. The global middle class has grown from ~500 million people in 2000 to ~1.7 billion today and is expected to add another ~700 million people by 2030, primarily in Asia, Africa, and Latin America. Meeting housing and infrastructure demand with conventional wood composites would exceed both the planet’s forest capacity and carbon budget.
Simultaneously, regulations such as EUDR in Europe, tightening formaldehyde restrictions, and rising tariffs and supply volatility are forcing manufacturers to seek scalable alternatives that do not carry a green premium. ECOR addresses this intersection directly: a cost-competitive, circular material platform capable of serving developed markets today while enabling locally manufactured housing materials across the Global South.
AFRY’s assessment supports ECOR’s view that non-wood, circular panel materials represent one of the largest and fastest-emerging opportunities in the built environment over the next decade.
Objective/Future (Use of funds)
If we raise the minimum target, capital will be allocated to complete third-party engineering and LCA validation (~$1.5–2.0M), expand utilization of our existing production line toward ~80% capacity, and convert ~$100M+ of signed contracts and LOIs into revenue. Funds will also cover long-lead equipment deposits for an additional E-20 production line (~$4–5M), working capital to support ~$3–5M in near-term revenue, and a targeted expansion of engineering and commercial headcount (8–10 hires) to accelerate deployment and customer onboarding.
Growth Roadmap
ECOR’s growth strategy is focused on scaling proven technology against contracted demand rather than speculative capacity buildout. In the near term, priorities include completing third-party engineering and lifecycle validation, increasing utilization at existing European operations, and deploying additional production lines to convert advanced customer demand into revenue.
All new facilities are structured around long-term, take-or-pay offtake agreements with large strategic customers. These contracts materially de-risk capacity expansion and enable each facility to be financed independently using low-cost, non-dilutive project financing, rather than corporate balance-sheet leverage.
Over the next 12–24 months, ECOR plans to replicate this model across Europe and North America, colocating modular facilities near clean agricultural and urban fiber waste streams to reduce logistics costs and emissions. In parallel, ECOR will expand beyond furniture and interior applications into building system components that address housing and infrastructure needs.
By year three, ECOR expects to operate multiple high-utilization facilities supported by contracted demand, generating recurring revenue at scale and establishing ECOR as the leading non-wood, circular materials platform globally, positioned for strategic acquisition or large-scale growth capital to accelerate further expansion.
All new facilities are structured around long-term, take-or-pay offtake agreements with large strategic customers. These contracts materially de-risk capacity expansion and enable each facility to be financed independently using low-cost, non-dilutive project financing, rather than corporate balance-sheet leverage.
Over the next 12–24 months, ECOR plans to replicate this model across Europe and North America, colocating modular facilities near clean agricultural and urban fiber waste streams to reduce logistics costs and emissions. In parallel, ECOR will expand beyond furniture and interior applications into building system components that address housing and infrastructure needs.
By year three, ECOR expects to operate multiple high-utilization facilities supported by contracted demand, generating recurring revenue at scale and establishing ECOR as the leading non-wood, circular materials platform globally, positioned for strategic acquisition or large-scale growth capital to accelerate further expansion.
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