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unspun Raises $32M in Oversubscribed Series B Funding to Transform Fashion Supply Chains with Groundbreaking 3D Weaving Technology

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Oakland based company joins forces with DCVC to further reduce the fashion industry’s global carbon emissions

OAKLAND, Calif., July 29, 2024 /PRNewswire/ — Today, unspun, the industry leader in 3D weaving technology, announced $32M in an oversubscribed Series B funding round led by DCVC, with participation from Lowercarbon Capital, E12, Decathlon and SOSV.

The funding will fuel the rapid scaling of unspun’s innovative 3D weaving technology, Vega™—designed to help brands realize a low-inventory, nearshore and automated supply-chain for woven products, which represent 57% of the total apparel market, —as the company expands its operations in Europe and North America.

Vega™ is the world’s first 3D weaving technology for apparel. It takes thousands of yarns and weaves them into garments in minutes, allowing for (almost) zero-waste, on-demand manufacturing. This technology unlocks scalable on-demand or low-inventory production.

Because 3D weaving drastically shortens supply chains and lead times, brands and manufacturers can plug these machines into existing supply chains for localized and automated production. This opportunity allows traditional cut-make-trim facilities to vertically integrate operations, offering a faster (4 times), cleaner (53% emissions reduction, 49% reduced energy demand and a 39% reduced blue water consumption), more efficient (less than 3% cut waste, compared to the industry average of 15%), and a more agile supply chain that is more responsive to market demands.

unspun has signed multi-year agreements with multiple top retailers like Walmart to deploy its Vega™ machines for localized production in both North America and Europe. This demonstrates growing demand from major funds, brands, and retailers seeking more sustainable and efficient manufacturing solutions amid growing regulatory pressure and consumer demand for supply chain transparency and sustainability. In Europe, where new rules proposing production limits and waste bans are under consideration, local-for-local manufacturing enabled by unspun’s technology provides a clear competitive edge for compliance. With Vega™ machines vastly expediting the design-to-shelf process, brands will be empowered to keep up with the ultra-fast cadences set by fast-fashion disruptors while maintaining quality, profitability, and low waste.

With this funding, unspun is taking the first step in rapidly scaling its operations through licensing its technology to established manufacturing partners in Europe.

With record levels of unsold goods circulating in the industry, this has never been more timely. unspun partners with brands and manufacturers who are committed to decarbonizing their fashion supply chains with onshored, low-impact, and automated production. Vega™ will also have circular supply chain applications, and unspun is developing products and manufacturing techniques that allow for garments to be unspun back into yarns, and re-woven into new products.

“Overproduction has long been a taboo in fashion. It is now recognized by top-tier climate-funds as a key issue to urgently solve for the industry,” says Walden Lam, CEO of unspun. “We are overwhelmed with the enthusiasm, and excited to be partnering with DCVC, Lowercarbon, SOSV climate, Decathlon and many commercial partners to urgently scale Vega™ to localize apparel manufacturing across North America and Europe.” 

With Vega™ 3D weaving the product capabilities are endless, and these high-performing jacquard machines can create woven garments using almost any yarn. The current generation of the machines is focused on producing high quality outputs for bottoms (they can also create bags and hats) while future generations of the machines will allow the company to expand into performance categories, outerwear, shoes, tops, and dresses.

“unspun offers a tremendous economic and logistical unlock for the fashion industry by eliminating costly overproduction and radically shortening the supply chain. We think it’s good business to align profits and climate impact and are excited to help unspun revolutionize the way clothing is made,” says Milo Werner, General Partner at DCVC, who will join unspun’s Board of Directors.

This announcement follows unspun’s recent reveal of a project with Walmart, the world’s leading omnichannel retailer. The project aims to localize parts of Walmart’s manufacturing and promote a higher level of supply chain traceability in North America. Before this, unspun partnered with the fashion label Eckhaus Latta. Together, they introduced the first-ever 3D woven collection at New York Fashion Week. These products are now accessible online through various retailers and in stores globally. unspun’s Vega™ technology continues to be a pioneering force in the fashion and design industry, recently playing a crucial part in the launch of designer Ana Kraš’ lifestyle brand, Teget.

unspun’s technological capabilities and vision for the future of fashion have landed the company on America’s Top Greentech companies 2024 by Time magazine, Vogue 100 innovator’s list, Newsweek’s Climate Change Innovators, TIME’s Best Inventions, and Fast Company’s World-Changing Ideas.

About unspun:

unspun is a US-founded fashion-tech B-corp on a mission to reduce global human carbon emissions by 1%. To accomplish this goal, it is building the tools needed to realize zero-waste and circular production—a future where nothing becomes trash. Its invention, Vega™, is the world’s first 3D weaving technology for apparel. Vega™ weaves clothes from yarn within minutes. It simplifies fashion supply chains into a vertical operation, regardless of the location. This proprietary 3D weaving and digital fit technology is the fastest, cleanest, and most cost-competitive way to make woven apparel. Vega™ unlocks scalable production in a microfactory setting for local, automated and on-demand manufacturing. unspun partners with brands and manufacturers committed to streamlining and decarbonizing fashion supply chains using automated, localized, and low-impact production.

About DCVC:
DCVC is deep tech venture capital. Over more than a dozen years, the firm has backed brilliant entrepreneurs using computational approaches to solve trillion-dollar problems in the real world across a broad set of industries, especially those that haven’t seen material progress in decades. With billions of dollars of assets under management, DCVC builds long-term relationships with the founders it backs. The firm has been with many of its companies from their very start—and through to their recognition by the public markets as category-defining businesses. For more information, please visit www.dcvc.com, or follow us on LinkedIn or Twitter @DCVC.

Press Contacts:
Erin Allweiss | unspun: unspun@thenumber29.com
Hailey Hiss | DCVC: press@dcvc.com

View original content:https://www.prnewswire.com/news-releases/unspun-raises-32m-in-oversubscribed-series-b-funding-to-transform-fashion-supply-chains-with-groundbreaking-3d-weaving-technology-302208798.html

SOURCE unspun

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In 75 years, China has become increasingly prominent in driving global development: Global Times editorial

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BEIJING, Sept. 29, 2024 /PRNewswire/ — The 75th anniversary of the founding of the People’s Republic of China is a momentous occasion, not only for the over 1.4 billion Chinese people but also with global significance and historical importance. 

Over these 75 years, the journey of Chinese modernization has profoundly transformed China and influenced the world, truly realizing that “our work will be written in the annals of human history.” 

This year also marks the 70th anniversary of the Five Principles of Peaceful Coexistence. Amid a changing international landscape, China has steadfastly maintained an independent and peaceful foreign policy, upholding international fairness and justice. As China increasingly approaches global center stage, it continues to make new and greater contributions to the cause of peace and development for humanity.

Seventy-five years ago, when this ancient nation in the East opened a new chapter in its history, the world was just beginning to recover from the devastation of two wars. From a struggling agricultural country, China has evolved into the world’s second-largest economy, the world’s leading manufacturing power, the top trader of goods, and the holder of the largest foreign exchange reserves. This historical elevation in national strength matches China’s significant contributions to global development. 

From 1979 to 2023, China’s average annual contribution to global economic growth reached 24.8 percent, with an average of over 30 percent from 2013 to 2023. For 12 consecutive years, China’s outbound direct investment in foreign countries has ranked among the top three globally, holding over 10 percent of the global share for eight years. China’s “new three items” – electric vehicles, lithium-ion batteries, and solar cells – are facilitating the globe to accelerate their green and low-carbon transitions, while its infrastructure projects span over 190 countries and regions worldwide. Today, averagely speaking, China engages in approximately 80 million yuan ($11.4 million) worth of trade with the world every minute, invests approximately 112 million yuan abroad every hour, and attracts about 3.377 billion yuan in foreign investment daily. The development of China is intricately linked with global progress, achieving mutual success, and driving the world toward greater progress and prosperity.

A great nation with over 5,000-year-old civilization stands majestically in the East, as over 1.4 billion people stride forward on the path to modernization. Such a vast scale itself is one of the main powerful driving forces for the progress of the entire world and human society. The practices of Chinese modernization teaches us that development is the key to solving all problems. China has proposed the Global Development Initiative to support the development and revitalization of countries in the Global South. By the end of 2023, China’s direct investment in countries participating in the Belt and Road Initiative had exceeded $300 billion. Chinese companies have built the first ultra-high voltage direct current transmission line in the Americas, the first electrified railway, the first digital mine, and numerous infrastructure and livelihood projects in Africa, making an indelible contribution to global infrastructure construction.

From “seek knowledge even if you have to go as far as China” to “seek peace even if you have to go as far as China,” peace is a valuable public good that China offers to a turbulent world. Over the past 75 years, China has never initiated any war or conflict and has never occupied an inch of another country’s territory. In the face of numerous international security challenges, China has proposed the Global Security Initiative. It has mediated the reconciliation between Saudi Arabia and Iran, facilitated a historic reconciliation among Palestinian factions, and promoted a political resolution to the crisis in Ukraine. Today, China has become the second-largest contributor to the UN regular budget, the second-largest contributor to peacekeeping operations, and the largest troop-contributing country among the permanent members of the UN Security Council. China has always been committed to promoting world peace and development.

To leave behind achievements worthy of being engraved in world history, a nation and its people must not only be judged by their material accomplishments but also by the amount of spiritual wealth they have contributed. The latter often holds more profound significance than the former. 

In today’s world, where the destinies of nations are closely intertwined, China has proposed the Global Civilization Initiative, advocating cultural exchanges that transcend estrangement, mutual learning that transcends clashes, and coexistence that transcends feelings of superiority. It addresses significant questions, such as how different civilizations can coexist and where human civilization is headed, offering Chinese wisdom and solutions to promote cultural exchanges and the advancement of human civilization.

Over the past 75 years, China has demonstrated an uncommon empathy in the political arena of major powers throughout human history. From proposing the Five Principles of Peaceful Coexistence, emphasizing equality and non-interference in other countries’ internal affairs, to the new era’s initiatives like jointly building the Belt and Road Initiative, building a community with a shared future for mankind, and the promotion of solidarity and cooperation among the Global South, China has advocated that the sovereignty of all countries are equal regardless of size on global arena while showing respect and support for the development of other countries. 

China has provided the worldview of “shared future” and the methodology of “jointly building and win-win cooperation” for all mankind. This is rare in the history of human civilization and is urgently needed in today’s world. 

The 75-year journey through challenges has underscored the invaluable role China plays in global peace, development and progress. The modernization China has promoted, which embodies justice, openness, mutual benefit, people-first policies, diversity, inclusiveness, eco-friendliness, and peace and security, will only become more significant and valuable to the world as time progresses.

View original content:https://www.prnewswire.com/news-releases/in-75-years-china-has-become-increasingly-prominent-in-driving-global-development-global-times-editorial-302261976.html

SOURCE Global Times

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Xinhua Silk Road: Research project on sustainable development of agriculture and animal husbandry launched with support from Chinese dairy giant Mengniu

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BEIJING, Sept. 29, 2024 /PRNewswire/ — With support from Mengniu public welfare foundation set up by Chinese dairy giant Inner Mongolia Mengniu Dairy (Group) Co., Ltd., China Economic Information Service recently established a research group to carry out studies on how the ecological protection compensation mechanism and the mechanism for realizing the value of ecological products can promote sustainable development of agriculture and animal husbandry.

The research group will first sort out relevant policies and theories on the topic.

Field visits and research then will be conducted in key regions of agriculture and animal husbandry development nationwide. The research group will identify prominent problems that arise in local practices where the two mechanisms are adopted to boost sustainable development of agriculture and animal husbandry and analyze specific causes. The group will also create hypotheses about combining the ecological protection compensation mechanism and the ecological product value realization mechanism to propel agriculture and animal husbandry sustainability.

Finally, the researchers will compile a report based on research results and put forward suggestions.

Founded in 2022, the Mengniu public welfare foundation carry out public welfare and charity activities mainly related to emergency and disaster relief, rural revitalization, nutrition empowerment, and ecological protection.

Original link: https://en.imsilkroad.com/p/342397.html

View original content:https://www.prnewswire.com/news-releases/xinhua-silk-road-research-project-on-sustainable-development-of-agriculture-and-animal-husbandry-launched-with-support-from-chinese-dairy-giant-mengniu-302262001.html

SOURCE Xinhua Silk Road

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Global Times: Chinese youth increasingly embrace, share millennia-old cultural traditions

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Li Ziyao, a young Chinese student studying in Boston, the US, recently completed Black Myth: Wukong, a game playing based on the classic Chinese novel Journey to the West.

He was excited that this game, rich in traditional cultural elements, has become a sensation in America too. As he observed his American classmates discussing the Monkey King, the architectural styles, and Chinese history, a strong sense of pride surged within him.

“I am witnessing firsthand how Chinese culture is being spread and understood globally in a novel and modern way,” Li told the Global Times.

Culture plays a vital role in inspiring national spirit, maintaining identity, and promoting both economic and personal development.

China’s achievements over the past 75 years are closely tied to its millennia-old culture and cultural confidence. Generations of young people with strong values and ethics worked to develop Chinese culture and present it to the world. 

Chinese civilization has thrived along with the open expression of young people. They relish and discuss with foreign friends China’s traditional culture, allowing it to resonate with international audiences. 

In ancient times, Chinese ancestors sailed the seas along the historical Maritime Silk Road, spreading Chinese culture toward the rest of the world.

Today, young people, especially Generation Z, are using unique ways to share Chinese culture with the world.

Set new trend

Li mentioned that one of the American Twitch streamers he follows, Zack, also known as Asmongold, a content creator with over 2.9 million YouTube subscribers, once commented that Chinese mythology has a natural freshness for Western players, sparking their desire to explore the unknown.

The cultural elements carried by Black Myth: Wukong are also reflected in its music. The game incorporates traditional Chinese melodies from the 1986 hit TV series Journey to the West soundtrack, including the iconic track Celestial Symphony in key scenes.

“Hearing Celestial Symphony evokes me an indescribable feeling of nostalgia. One of my American classmates told me that the music made him feel as if he were immersed in a world filled with the charm of ancient Eastern culture,” Li noted.

With the international success of Celestial Symphony, Li has noticed that many of his classmates have expressed their desire to learn traditional Chinese musical instruments, especially pipa, which embodies unique Chinese aesthetics.

In a recent interview, US musician Lauv commented on the beauty of pipa, while interacting with young pipa player Liu Jialiang, also known as Marsix.

During the interview, Marsix used pipa to perform Lauv’s breakout hit I Like Me Better. Lauv, who is also known as Ari Staprans Leff, is followed by more than 1 million fans on the platform known as X. 

The instrument’s sound, representing Chinese aesthetics, stunned the Western singer and left him with a look of amazement. Marsix’s performance has also revealed how the 2,000-year-old instrument remains versatile in playing global pop music. 

“I was thrilled to share our traditional music culture again,” the young player told the Global Times. He also emphasized that his journey with pipa has always been about “fusion.”

Since 2022, Marsix has been posting remixed pipa music that blends traditional Chinese melodies with Western genres like jazz, hip-hop, and electronic music. 

Through his fusion of traditional Chinese music, Marsix has captured the attention of international fans. On YouTube, netizens commented on Marsix’s performance, saying “the Chinese ‘guitar’ would set a new trend.” 

“I think the traditional instrument is a tool for us young Chinese musicians to express our open-mindedness to world music,” Marsix noted. 

Confident in his cultural roots, the young Chinese musician has also inspired many young fans in China to rediscover the beauty of traditional Chinese music. Marsix told the Global Times that most of his fans are in their 20s, and he hopes to guide them on a journey of rediscovering Chinese culture.

“In the past, the word ‘pipa’ would evoke images of classical performers, but now it represents a trendy instrument played by performers of all ages and genders. Young Chinese musicians are using their creativity to revive the tradition,” Zhu Xiao, a Chinese folk music fan and cucurbit flute player, told the Global Times. 

Dressed in confidence

For many in Generation Z, wearing Hanfu – traditional Chinese dress – is just like playing pipa as a way to reconnect with the cultural root and also a way to express cultural confidence.

Driven by strong curiosity about the world, Chinese storyboard artist Lei Yumeng, better known as Mi Lei, travels between reality and fantasy in her storyboard work. Nearly every piece of work she posts on social media becomes a hit. So far, the Chinese artist has more than 8 million followers on different platforms.

Lei’s love for Chinese culture extends to her admiration for Hanfu. She told the Global Times that through her paintings of Hanfu from various dynasties, she can explore the aesthetics and auspicious intentions of ancient Chinese people, as reflected in the clothing’s patterns and embroidery.

Lei’s embrace of Chinese cultural heritage has been recognized internationally, with her videos on platforms like Instagram earning praise for showcasing traditional clothing. This global appreciation has been a reminder of the richness of her motherland’s unique cultural roots, which she said she “has initially taken for granted.”

Lei said her work in animation and storytelling is a celebration of China’s cultural legacy, a legacy she is “proud to share with the world.”

 

View original content:https://www.prnewswire.com/news-releases/global-times-chinese-youth-increasingly-embrace-share-millennia-old-cultural-traditions-302262003.html

SOURCE Global Times

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