Techstars Mobility accelerator announced the 11 companies chosen to participate in the Techstars Mobility Accelerator Class of 2017. Techstars Mobility is a Detroit, MI based accelerator program that invests in startups building technologies and innovative business models that impact how people and goods move across all modes of transportation (including pedestrian).
During the program, the participating companies will work with the Techstars team, mentors, and corporate sponsors to move the needle for their ventures. The program runs for three months, culminating in the 3rd annual Demo Day on October 18th at the Detroit Film Theater.
“Vartega is honored to be one of the 11 companies chosen from an extremely competitive applicant pool to participate in the program. The program will enable Vartega to gain additional traction and strategic partnerships in the automotive industry that will directly affect Vartega’s ability to commercialize it’s recycling technology,” said Josh Gary, Vice President of Operations at Vartega.
About Techstars Mobility
Techstars Mobility invests in startups building technologies and innovative business models that impact how people and goods move across all modes of transportation (including pedestrian). Dominant mobility themes include autonomous, connected, shared, and electric.
This encompasses a wide range of industries including automotive, trucking, transportation, smart city, energy, logistics, supply chain, and travel. This program runs in downtown Detroit.
About Vartega Inc
Vartega Inc, a Techstars backed company, is a recycler of advanced materials – specifically strong and lightweight carbon fiber – used in the aerospace, automotive, wind energy, and sporting goods industries. Founded in July 2014, Vartega has developed patent pending recycling technology to address the 15,000 metric tons of carbon fiber waste that is being landfilled and incinerated every year. Vartega’s technology uses a low energy chemistry-based process to free carbon fiber filaments for use in carbon fiber nonwoven fabrics, yarns, thermoplastic pellets, and 3D printing filaments. Materials utilizingVartega’s low-cost recycled carbon fiber can be used to lightweight automobiles resulting in improved fuel economy and reduced emissions. For more information, visit www.vartega.com.