Rethinking Materials is dedicated to spotlighting pioneers of sustainable materials and circular solutions. Over the years the event has connected early-stage innovators with brands, investors and producers searching for next generation materials.

Patrick Teyssonneyre, CEO and Co-Founder
Patrick Teyssonneyre, CEO and Co-

Xinterra is a ‘materials centric’ company unlocking innovation towards accelerating and increasing the efficiency of materials research and development. The company combines AI and high throughput experimentation tools to radically accelerate the development of materials, starting by textiles that can remove CO2 directly from air.

Since pitching during the Technology Showcase at Rethinking Materials 2023, Xinterra has made a name for itself in the space: filing a patent for its CO2 removal materials, launching the COzTERRA brand, and winning the prestigious Vogue X BMW Innovation Prize.

We spoke to Patrick Teyssonneyre, CEO and Co-Founder, to find out about recent successes, driving strategies, and any advice he has for start-ups fundraising in today’s challenging economic and regulatory landscape.

Vogue X BMW Innovation Prize 2024
Vogue X BMW Innovation Prize 2024

Tell us about your key milestones since you exhibited at Rethinking Materials in 2023?

Since exhibiting at Rethinking Materials in May of 2023, we filed a patent application for our CO2 removal materials in textiles in August, created the brand COzTERRA for these materials in September, ran two successful industrial trials at textiles mills in November and December, and won the prestigious Vogue X BMW Innovation Prize in November, which stands as a strong validation from two iconic trendsetters.

What advice would you offer start-ups who are fundraising in today’s challenging economic and regulatory landscape?

There will always be financial resources available for start-ups with good fundamentals, regardless of the economic landscape. Companies with strong founding teams, solving relevant problems to humanity with unique and competitive technologies, operationally focused, lean, customer-driven, and with the company’s finances (runway) under control.

If the regulatory landscape is too strict, there is a need to acknowledge the longer time required before generating revenue. Hence, the company should be funded accordingly. Alternatively, you may choose to start with applications or markets that are less strict in terms of regulatory landscape.

COzTERRA Concept Image
COzTERRA Concept Image

Looking back at the activity the past few years, both regarding market dynamics and your company’s internal development, what is driving your strategy?

Xinterra was incorporated in 2021 amid the pandemic, which shaped a more complex world, which has become more climate aware. This has proven to be a strong advantage for us. Since our inception we have known our objective: to use our powerful AI-driven materials R&D platform to create new materials that solve one of the biggest challenges humanity faces, climate change. Since then, we focused on scaling-up COzTERRA and moving it to the market with a strong sense of urgency, whilst simultaneously creating a customer-centric culture in our company.

What are the main obstacles and challenges you anticipate as you move forward with your start-up? How do you plan to address and overcome them?

COzTERRA Concept Image
COzTERRA Concept Image

The textiles industry has several regulations and relies on independent labs for certification. These independent labs adopt internationally accepted standards to measure and certify the properties of the textiles. As we are creating a completely new market application, which is CO2 removal textiles, there are no standards yet in place to measure CO2 absorption in textiles. Hence, independent labs are unable to provide this service yet. The tools and methodology we developed in-house to measure this property are state of the art and unique in the world, and we are in conversations with organizations to create a globally recognised standard.

How do you view the current fundraising landscape?

As mentioned above, I believe there will always be financial resources available for start-ups with good fundamentals, regardless of the economic landscape. In periods when funding is abundant, money also flows to what in stricter times would be considered as “uninvestible startups”, which do not have strong fundamentals. Therefore, the current landscape favours start-ups with good fundamentals and punishes “uninvestible” companies. However, there will always be exceptions to this, with “hot“ topics such as AI and Climate Tech, which seem insulated from the current stricter landscape.

What makes Rethinking Materials a standout event for leaders looking to scale new sustainable materials?

Rethinking Materials congregates the main opinion makers in the space of sustainable materials, from producers of raw materials, including start-ups, to end users, brands and bloggers. Hence it’s a great event to introduce new sustainable materials to the community, to look for new technologies and investment opportunities, and to network.

“Rethinking Materials congregates the main opinion makers in the space, and is a great event to introduce new sustainable materials to the community, to look for new technologies and investment opportunities, and to network.” – Patrick Teyssonneyre, CEO and Co-Founder, Xinterra

Start-ups, apply to pitch in 2024!

Join Rethinking Materials on May 14-15, to meet a community of over 300 materials pioneers for thought-leadership sessions, start-up discovery, investor insights, and targeted networking. Find out more.