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Jaguar Land Rover Invests in Plant-Based Leather Company

June 14, 2023 By Nadeem Muaddi

The Hog Ring - Jaguar Land Rover Invests in Plant-Based Leather Company

Jaguar Land Rover (JLR) just invested in Uncaged Innovations. a New York-based startup focused on plant-based alternatives to leather.

JLR’s investment branch, InMotion Ventures, invested the undisclosed amount in Uncaged Innovations as part of a pre-seed funding round that saw the company raise $2 million.

“We’re thrilled to work with InMotion Ventures and JLR to reimagine leather in the automotive industry,” Stephanie Downs, CEO and co-founder of Uncaged Innovations, said in a statement. “We’re proud to have leveraged just one percent of the funds raised by previous innovators to go from concept to full-scale production, giving us a competitive edge over our competitors.”

Uncaged Innovations is a biomaterial company, so their faux leather textiles are made from plants. That’s a more sustainable alternative to other types of “vegan leather,” which are made from synthetic materials, such as polyurethane (PU) and polyvinyl chloride (PVC).

In a statement on its website, Uncaged Innovations says: “For years, alternatives to materials that harm our ecosystem have been sought. Leather has a significant environmental impact, but the options to replace leather fall short of industry needs. … After years of research, we have perfected a formula to create material networks that mimic leather  without sacrificing the characteristics that make it a respected material for the fashion, automotive and home goods industries.”

It’s right on trend too. The faux leather market is expected to be worth nearly $90 billion by 2025, according to research firm Infinitum Global Research.

Related Stories:

  • Making Car Interiors from Coffee, Eggs and Lentils
  • Why Vegan Leather isn’t as Sustainable as You Think
  • ILM: Biomaterials Should Target Synthetics, Not Leather

Filed Under: Archive, Green Upholstery Tagged With: Auto Trim, Auto Upholstery, Car Interior, Faux Leather, InMotion Ventures, Jaguar Land Rover, Uncaged Innovations, Vegan Leather

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