Material Evolution lands HSBC backing to scale next-gen low-carbon cement

Image Credit: Material Evolution

Material Evolution, a forward-thinking company in the sustainable materials space, has just announced it has secured a venture debt facility from HSBC Innovation Banking UK. Known for backing high-growth, innovation-led businesses, HSBC is now lending its support to help Material Evolution expand its groundbreaking cement technology.

The funding will enable the company to accelerate the development and scaling of its ultra-low-carbon cement. This innovation could reshape one of the most polluting industries in the world.

At its core, Material Evolution is on a mission to decarbonise the cement sector. Using a combination of alkali fusion and AI-driven material design, the company has engineered a powerful alternative to traditional Portland cement. Their flagship product, MevoCem, can cut carbon emissions by up to 85 per cent. That’s a game-changer when you consider how cement manufacturing remains one of the most significant contributors to global greenhouse gas emissions.

“As a climate tech hardware business, we know that debt will become an important part of our capital stack as we mature and scale globally,” said Dr. Liz Gilligan, co-founder and CEO of Material Evolution. “Securing this venture debt facility from HSBC Innovation Banking is a first step toward diversifying our financing beyond grants and venture capital and accelerating us toward our fully scaled capital stack.” 

The venture debt facility will be utilised to support the company’s growth in commercial traction. 

Avisha Blakeway, directorat HSBC Innovation Banking UK, commented: “We are proud to unlock growth and open doors for innovative climate tech companies. We are delighted to support Material Evolution on this next milestone in the company’s journey, and we look forward to working together with the team as they scale their technology and impact.”   

This announcement also highlights HSBC Innovation Banking’s continued dedication to supporting climate tech pioneers who are building a more sustainable future.

With financial backing and technological momentum now aligned, Material Evolution is poised to scale its impact and help rewrite the carbon equation in the construction industry.