TVARIT: Indian Entrepreneurs in Germany gets Euro 5 Million to Pave Way for AI in Sustainable Manufacturing

Frankfurt [Germany], April 21 (ANI/NewsVoir): Tvarit, a Frankfurt-based startup, is on a journey to enable zero-waste manufacturing. Tvarit has closed its funding round, led by Momenta and Futury Capital, to enable AI-powered, waste-free, and energy-efficient metal manufacturing. The round also included a significant re-investment by existing investor Matterwave Ventures. The World Economic Forum estimates that industrial waste accounts for half of all waste generated globally. Manufacturing is the largest and fastest-growing contributor to this waste stream, with an estimated 20% of every dollar spent on manufacturing producing waste. Tvarit estimates that the metals industry loses Euro 160 billion annually.