VEGEA’s own estimated support needed to scale.
With a vision to transform the leather goods industry, VEGEA contributes to a sustainable fashion future by making beautiful vegan leather out of leftovers from winemaking.
Fashion consumers increased awareness of the downsides of leather has created demand for synthetic alternatives. However, the petrochemical origins of synthetic leather cause a negative impact on the environment.
This is where VEGEA comes in. By using fully plant-based leftovers from winemaking – normally burnt and causing carbon dioxide emissions – VEGEA offers a vegan leather alternative. The winemaking leftovers are looped into a circular model and turned into a vegan leather in all finishes, colors, elasticities and thicknesses, free from toxic solvents, heavy metals and dangerous substances.
Impact Potential BY ACCENTURE
Reduction of 1,200 metric tons of fossil
fuels raw material annually in 2030
Comparable to 4 million pair of shoes
produced without fossil fuel raw
No animal handling necessary
The planet positive impact potential is estimated by Accenture with the purpose of demonstrating how VEGEA has the potential to create multi-dimensional value when scaling.
The high-level estimation is based on VEGEA’s potential to scale and its output in 2030 (~2 million m² produced annually). VEGEA’s innovation has the potential impact of reducing 1,200 metric tons per year of fossil oil-based raw material in 2030, which is comparable to 4 million pair of shoes produced without fossil oil-based raw material.
Further, VEGEA has no animal handling in the production process and uses a raw material that otherwise would have been waste to create its fashionable leather-like material.
More on Accenture’s Impact Potential.
These materials are (A) for information purposes only, (B) do not constitute an offer to subscribe for, buy or sell securities of any of the Innovations mentioned herein or any other securities, and (C) should not be relied upon to make any investment decisions.
The VEGEA team consists of Gianpiero Tessitore (Founder and General Manager) Fransceso Merlino (Founder and Technical Lead Manager) and Valentina Longobardo (Founder and Sales Manager). Together, they have extensive experience within chemistry R&D, general management and sales.
- Winner, Chivas Venture (2019)
- Part of the European Commission Horizon 2020 (since 2018)
- Recognized as one of Europe’s top 50 companies, European Innovation Summit (2018)
- Winner, H&M Foundation Global Change Award (2017)
- Winner, PETA Innovation Award (2017)
- Winner, UniCredit Most Innovative Companies (2017)
See the start-up presentations to learn more.