Lumi is revolutionizing the disposable beverage packaging industry with its groundbreaking product, the LumiCup - the lightest disposable and endlessly recyclable aluminum cup on the market. Founded in 2021 with a vision to combat the global surge in single-use plastic, Lumi\'s innovative beverage solution offers a superior alternative to plastic cups. Rigorous R&D and design engineering led to a product that outperforms plastic and plastic-lined paper cups while delivering true materials and carbon footprint sustainability. With the planet enduring a staggering 10M tons of annual waste from single-use plastic cups, sophisticated and lustrous LumiCups are an easy and environmentally conscious choice in 9 oz., 12 oz. and 16 oz. sizes.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 09/28/23 | undisclosed | Seed |
Hydra Group Innovent Group Responsibly Fund | undisclosed |
