DRIVE Catalyst, the venture capital arm of the Far Eastern Group, is investing US$5 million in Ambercycle to support the construction of the circular polyester startup’s commercial-scale facility to scale up textile-to-textile regeneration in the apparel industry. LOS ANGELES and TAIPEI, Nov. 2, 2023 /PRNewswire/ — DRIVE Catalyst, the investment arm of Taiwanese conglomerate Far Eastern Group, one of the world’s largest virgin and recycled polyester textile makers, has invested US$5 million in Ambercycle as part of a strategic effort to scale textile-to-textile regeneration in the apparel industry. The initial investment will support the scale-up of cycora®, the startup’s circular polyeste
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