Papershell set to bag €40M from EIF for first factory: 'A hell of a big deal for us'
12 nov. 2025
21:53
Papershell has found a way to turn paper waste into a durable 'wood metal' composite to replace aluminium, plastic, and fibreglass.
Now, the Swedish startup is on track to receive more than €40m in grants from the EU to build a full-scale factory in Sweden – but one big hurdle remains.
Now, the Swedish startup is on track to receive more than €40m in grants from the EU to build a full-scale factory in Sweden – but one big hurdle remains.
Stockholm-based Papershell has secured preliminary approval from the EU Innovation Fund (EIF) to receive €40.3m to build its first full-scale factory.
“This is a hell of a big deal for us," CEO and co-founder Anders Breitholtz told Impact Loop. "We’ve been working toward this for four and a half years, and this announcement means the EU actually wants this to happen.