Zhejiang Ruiwei New Material Technology
Develops biodegradable materials for consumer products.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY20.0m | Series A | |
| Total Funding | 000k | ||
Zhejiang Ruiwei New Material Technology, operating under the brand Rightway, is a solutions provider addressing plastic pollution through the development of biodegradable materials. The company was established with the mission to mitigate white pollution and lower carbon emissions by advancing the use of biodegradable alternatives in consumer-facing industries.
The business operates by developing, manufacturing, and supplying biodegradable material solutions tailored for specific commercial applications. Its client base includes companies in sectors such as beauty and cosmetics, chain restaurants, e-commerce and logistics, and clothing and textiles. Products derived from its materials include home-compostable paper cups and bowls, biodegradable tableware, and eco-friendly paper bags. The company's revenue model is based on the sale of these proprietary materials and finished goods to businesses seeking to improve the sustainability of their product lines and packaging.
Rightway's core offering is its portfolio of biodegradable materials, supported by a suite of proprietary technologies. The company has developed its own multi-material composite technology, which allows for the blending of different biodegradable inputs to achieve desired properties. Further technical capabilities include material flexibility modification and the ability to adjust and control the speed of biodegradation, enabling customized solutions based on client requirements and budget. To support this, Rightway maintains an integrated laboratory that facilitates the entire process from research and development to testing and final product validation. While legally registered as Zhejiang Ruiwei New Material Technology Co., Ltd., the company also operates as Rightway New Materials Technology (Shanghai) Co., Ltd., with offices in Shanghai and an overseas presence in Malaysia to serve a broader market.
Keywords: biodegradable materials, sustainable packaging, plastic pollution solutions, compostable products, eco-friendly materials, green technology, material science, consumer goods packaging, sustainable textiles, carbon reduction, circular economy, corporate sustainability, material flexibility, biodegradation technology, custom material solutions, e-commerce packaging, food service packaging, cosmetics packaging, sustainable supply chain, environmental technology