Bolt Threads Inc.
Consumer Products & Services
Bolt Threads is a pioneering material solutions company focused on developing innovative and sustainable materials for the fashion and beauty industries. Utilizing cutting-edge biotechnology, Bolt Threads creates textiles and biomaterials such as Mylo™, a mushroom-based leather alternative, and Microsilk™, a synthetic silk inspired by spider silk. The company collaborates with leading brands to enhance sustainable practices and minimize environmental impact.
Founded: 2009
Dan Widmaier, Ph.D. Founder, CEO |
David Breslauer Co-Founder, Chief Scientific Officer |
Sue Levin Chief Commercial Officer |
Ethan Mirsky, Ph.D. Co-Founder, Vice President Strategic Projects |
BERKELEY, Calif. (August 13, 2024)— Bolt Threads, Inc. (“Bolt Threads”), a pioneer in sustainable biomaterials for consumer products, today reported the closing of its previously announced business combination with Golden Arrow Merger Corp (Nasdaq: GAMC) (“Golden Arrow”). GAMC shareholders approved the transaction at GAMC’s special meeting held on August 9, 2024.
Bolt Threads recently announced it would stop producing Mylo. But that doesn’t mean the end of mushroom leather as an industry.
Despite high-profile backers such as Stella McCartney, Kering, adidas, and amassing over $300 million in investments, the start-up has recently announced a pause in its operations due to lack of necessary funding for scaling up.
American start-up Bolt Threads has reportedly pulled the plug on its Mylo mycelium-based leather alternative that has been used by Stella McCartney, Kering and Adidas.
Bolt Threads Greener Pastures Pledge rewards brands that shift from animal-derived leather with preferential access to Mylo.
Materials solutions company Bolt Threads announces a new multi-project collaboration with biotech firm Ginkgo Bioworks to increase the efficiency and performance of Bolt’s portfolio, and to develop novel biomaterial proteins. The companies’ first project will focus on optimizing production of Bolt’s Mylo™ leather alternative.