/Companies

Material Evolution

Techstars '20

Belfast, GB · Founded 2020 · 16 known investors

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Material Evolution develops low-carbon cement using a proprietary alkali fusion process that operates at ambient temperatures, significantly reducing emissions compared to conventional cement production. The company serves architects, engineers, and construction firms seeking sustainable alternatives to traditional cement, using AI and machine learning to optimize material selection and manufacturing efficiency.

Also known as Material Evolution Ltd. · Mevo

Founders & leadership

Material Evolution was founded in 2020 by Elizabeth Gilligan and Sam Clark.

EGElizabeth Gilligan
Elizabeth GilliganCo-founder · Chief Executive Officer
SCSam Clark
Sam ClarkCo-Founder/COOHe previously worked in UK public sector and government security operations, where he led teams on national-level projects.

Investors · 16

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us

Also in the syndicate · 7

Applebridge Construction GroupCircle RockCircleRock CapitalMilestone ConstructionSigmaRocSkyRiversThe Heritage Group

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Sep 2026

Material Evolution (also known as Mevo) develops and manufactures ultra-low carbon cement for the construction industry. Its flagship product, MevoCem, is produced from industrial byproducts and other feedstocks using a patented alkali-fusion process that forms a clinker-like material at ambient temperatures, avoiding the kilns and fossil-fuel heat used in conventional cement making. The company states MevoCem cuts embodied carbon by up to 85% per cubic metre of concrete relative to ordinary Portland cement and is suitable for strength classes up to at least C60, and that it drops into existing production workflows without operational changes. A third-party profile cites emissions of 144-196 kg CO2 equivalent per tonne and a 52.5N strength rating with reduced binder content.

The company operates the Mevo A1 Production Facility in Llay, Wrexham, which produced its first batch in October 2024 and was announced as operational in December 2024. Built in eight months using modular construction and lean design, the 120 square metre plant has capacity for 120,000 tonnes of MevoCem per year and is described as the UK's largest producer of ultra-low carbon cement. It is co-located on the site of CCP Building Products, a precast concrete block maker owned by strategic investor SigmaRoc, reducing transport emissions by placing cement and concrete production under one roof. Material Evolution also runs an R&D hub in Teesside.

Alongside its materials chemistry, the company applies AI and machine learning to accelerate material development, select and map waste feedstocks, maintain batch quality consistency, and improve processes using data collected across its value chain. Its stated goal is to save one gigaton of CO2 by 2040, and it has said it plans to build a facility capable of producing at least half a million tonnes of cement a year by 2028.

Founding story

Founded by Dr Elizabeth (Liz) Gilligan, a Queen's University Belfast graduate with a PhD in architecture, and Sam Clark. Sources differ on the founding year, giving both 2017 and 2020; one account describes the company as born in Gilligan's garage in 2020. Gilligan was named to the Forbes 30 Under 30 list for manufacturing and industry and was a finalist in Catalyst's Invent competition in 2019.

Business model

Business-to-business supply of cement to the construction materials value chain, combined with plans to create blueprints for scaling and licensing its technology across the UK, Europe and beyond. The company partners with customers to design and build compact, modular factories sited close to raw materials and end markets, and has co-located production with a precast concrete producer.

Sales of MevoCem cement to construction and building materials companies, including advanced offtake agreements; a third-party profile describes bulk B2B supply agreements and direct partnerships or supply contracts with construction firms, manufacturers and developers.

Traction

By June 2023 the company reported advanced offtake agreements totalling over 35,000 tonnes of product and had sold out its first year of production. The Wrexham plant produced its first batch in October 2024 with 120,000 tonnes of annual capacity. The company reported raising £25M in capital in total as of March 2025, secured a venture debt facility from HSBC Innovation Banking UK in June 2025, and received Made in Britain accreditation in October 2025. Documented trials and partnerships include Ready Mix Tees Valley, Grange Quarry, ARC Marine, CRH and Tarmac, and an Environment Agency/RPC Contracts precast project.

Latest developments

Recent activity includes a low-carbon precast concrete trial with the Environment Agency and RPC Contracts targeting a 20% carbon reduction in a water-sector project, work on 3D-printed low carbon concrete, and public commentary from CEO Liz Gilligan in Concrete magazine arguing that procurement alignment and standards, rather than technology, are the main barriers to scaling low-carbon concrete in the UK.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positions itself as the UK's largest producer of ultra-low carbon cement and describes MevoCem as the only ultra-low carbon cement available at scale formulated without heat from industrial byproducts. It operates in a field of cement decarbonisation startups that includes Carbon Re and Carbonaide, targeting an industry responsible for roughly 8% of global CO2 emissions and a global concrete market valued at around £500 billion annually.

Cement production without kilns or applied heat via the proprietary alkali-fusion process, low-energy and low-CapEx manufacturing, use of locally available industrial wastes to enable decentralised and localised production, claimed lower cost and higher performance alongside lower emissions, drop-in compatibility with existing concrete production, and AI-driven feedstock and formulation optimisation.

Technology

A patented Alkali Fusion process that combines feedstocks without heat or kilns to create a clinker-like material capable of undergoing geopolymerisation at ambient temperatures. Feedstocks include industrial wastes and byproducts such as those from steel manufacturing, and abundant natural materials; an earlier company material was described as made from 95% industrial waste. Production uses smart manufacturing, pneumatic conveying and state-of-the-art material handling in a modular, small-footprint plant design. AI and machine learning are used for material development, feedstock selection and batch quality consistency.

Go-to-market

Direct engagement with concrete and building-materials producers through production trials and pilot projects (including with Ready Mix Tees Valley, Grange Quarry, CRH and Tarmac via CRH Ventures' Sustainable Building Materials Accelerator, and a water-sector trial with the Environment Agency and RPC Contracts), strategic partnerships with industry players such as SigmaRoc and ARC Marine, third-party product testing and validation, and work with government agencies, trade bodies and specifiers.

Architects, engineers, contractors and construction firms, plus ready-mix concrete producers, precast and building products manufacturers, quarried materials groups and public-sector infrastructure clients.

Geography

UK-centred operations: headquarters associated with Belfast, Northern Ireland, an R&D hub in Teesside, earlier operations based in Middlesbrough, and the Mevo A1 Production Facility in Llay, Wrexham, Wales. The company is incorporated in the United States, though product development and its team are based in the UK, and it has stated ambitions to scale and license its technology across the UK, Europe and beyond.

History

The company raised a seed round that closed in September 2021, announced alongside grant funding from Innovate UK's Transforming Foundation Industries Challenge, while based in Teesside. In June 2023 it announced a £15 million ($19 million) Series A led by KOMPAS VC and formed a strategic partnership with SigmaRoc. Construction of the Mevo A1 Production Facility in Wrexham began in early 2024; first cement was produced in October 2024 and the plant was formally opened in December 2024. In 2025 the company ran pilots and partnerships with ARC Marine, Ready Mix Tees Valley, Grange Quarry, and CRH and Tarmac, secured venture debt from HSBC Innovation Banking UK in June 2025, and achieved Made in Britain accreditation in October 2025.

Risks & controversies

Reported challenges include investor difficulty in understanding hardware businesses, risk aversion in a construction industry reliant on ordinary Portland cement and wary of a green premium, and the need for standards and procurement reform. The company has noted that UK concrete demand has fallen to its lowest level in more than 60 years, that UK cement production has halved since 1990, and that imports account for almost a third of the market. Public sources also disagree on the company's founding year and on which founder is identified as CEO.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Advanced offtake agreementsJun 202335,000 tonnes
Concrete strength classes supportedJan 2026up to at least C60
Embodied carbon reduction vs ordinary Portland cementDec 2024up to 85%
EmployeesJun 202320 people
Mevo A1 plant annual production capacityDec 2024120,000 tonnes per year
Mevo A1 plant footprintDec 2024120 square metres
MevoCem carbon intensityJan 2025144-196 kg CO2 equivalent per tonne
MevoCem strength ratingJan 202552.5N with reduced binder content
Planned annual production capacity by 2028Mar 2025500,000 tonnes per year
Total capital raisedMar 2025£25M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 12

launches, deals, and filings
Aug 2026
Environment Agency and RPC Contracts low-carbon precast trial

The Environment Agency partnered with Material Evolution and RPC Contracts on a water-sector project trial aimed at cutting carbon by 20% using low-carbon precast concrete.

source ↗

Oct 2025
Made in Britain accreditation

Material Evolution was awarded Made in Britain accreditation for the production of its ultra-low carbon cement, MevoCem.

source ↗

Jul 2025
Pilot with CRH and Tarmac via CRH Ventures accelerator

Material Evolution secured a place on CRH Ventures' Sustainable Building Materials Accelerator programme and piloted its ultra-low carbon cement with CRH and Tarmac.

source ↗

Jun 2025
Venture debt facility from HSBC Innovation Banking UK

Material Evolution secured an undisclosed venture debt facility from HSBC Innovation Banking UK to support its sustainable construction materials work and scale up MevoCem production.

source ↗

May 2025
Ultra-low carbon concrete production with Grange Quarry

Partnership with ready-mix concrete producer Grange Quarry to produce ultra-low carbon concrete.

source ↗

Feb 2025
Ready-mix concrete production trial with Ready Mix Tees Valley

Production trial demonstrating green concrete produced at scale using the first iteration of MevoCem.

source ↗

Feb 2025
Partnership with ARC Marine

ARC Marine and Material Evolution announced a partnership to integrate Material Evolution's green cement into some of ARC Marine's nature-inclusive marine products.

source ↗

Dec 2024
Mevo A1 ultra-low carbon cement plant operational in Wrexham

First-of-a-kind cement plant in Llay, Wrexham, co-located with CCP Building Products, opened after eight months of construction; first batch produced October 2024, with capacity of 120,000 tonnes of MevoCem per year.

source ↗

Nov 2024
MP Anna Turley visits Teesside R&D hub

Redcar MP Anna Turley visited Material Evolution's Mevo R&D Hub in Teesside.

source ↗

Jun 2023
£15 million Series A to scale low-carbon cement production

Series A led by KOMPAS VC with Norrsken VC, CircleRock Capital and strategic investor SigmaRoc; funds earmarked for scaling production facilities, R&D and blueprints for licensing the technology.

$19M source ↗

Jun 2023
Strategic partnership with SigmaRoc

Material Evolution partnered with quarried materials group SigmaRoc to develop a range of low carbon concrete products.

source ↗

Nov 2021
Grant funding from Innovate UK

Material Evolution received $1.7m in grant funding from Innovate UK's Transforming Foundation Industries Challenge, bringing total secured to $3.4m alongside its seed investment.

$1.7M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Material EvolutionNo. NI649729 · inc. Dec 2017 · active

Companies House · registry record

View on Companies House ↗
Registered name
MATERIAL. EVOLUTION LTD.
Company number
NI649729
Status
Active
Company type
Private limited company
Incorporated
8 Dec 2017
Registered office
Suite 182 21 Botanic Avenue, Belfast, BT7 1JJ
Nature of business (SIC)
32990 — Other manufacturing n.e.c.71111 — Architectural activities71121 — Engineering design activities for industrial process and production90030 — Artistic creation
Accounts
last made up to 31 Dec 2024 · next due 30 Sept 2026
Confirmation statement
last made up to 15 Aug 2025 · next due 29 Aug 2026

Current officers · 2

  • Samuel Clark — director, appointed 15 Aug 2023
  • Elizabeth Gilligan — director, appointed 8 Dec 2017

Source: Companies House public register · retrieved 24 Jul 2026. Contains public sector information licensed under the Open Government Licence v3.0.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Material Evolution do?
UK producer of MevoCem, an ultra-low carbon cement made without kilns via a patented alkali-fusion process.
Who founded Material Evolution?
Material Evolution was founded by Elizabeth Gilligan, Sam Clark in 2020.
Who are Material Evolution's investors?
Material Evolution's investors include KOMPAS VC, Norrsken VC, At One Ventures, HG Ventures, Techstars, Vox Capital, Norrsken Accelerator, Playfair Capital and 1 more.
Where is Material Evolution headquartered?
Material Evolution is headquartered in Belfast, GB.