MOXY OID Secures $11 Million in Series A Funding for Revolutionary Mineralized Building Material Cerlos
Summary
MOXY OID is excited to announce that it has successfully raised $11 million in its latest funding round, earmarked for the commercialization of its groundbreaking building material, Cerlos. Cerlos stands out in the construction industry with its remarkable attributes: it is fire, mold, water, and termite-resistant, and it costs significantly less than comparable products on the market. This innovative process not only produces durable building materials but also sequesters carbon permanently, helping to create a truly CO2-negative manufacturing cycle. The recently raised funds will enable MOXY to scale its successful pilot line and sharpen its focus on the home siding market, delivering a product that is 20% to 40% cheaper than competing fiber cement materials while maintaining superior performance characteristics. With the fresh capital injection, MOXY OID is poised to revolutionize the construction landscape with Cerlos, paving the way for a more sustainable and economically viable future in building materials.