Ponda Raises $1.86M via Crowdfunding for Cattail-Based Insulation Materials
Ponda has secured €1.6 million (US$1.86 million) through a crowdfunding campaign, surpassing its €230,000 target with 256 investors. The funds will support the expansion of broadleaf cattail cultivation on restored wetlands for renewable insulation material production. The campaign follows a significant grant and has attracted interest from sustainable fashion brands.