Former Gates Foundation leader, Alexa Bednarz, raised $1.8 million for her startup Ocean, which produces sustainable bamboo building materials.
Ocean's bamboo panels are safer, more affordable, sustainable, longer lasting, and cooler than many alternative building products.
The manufacturing facility in India is scheduled to start construction this month, and Ocean plans to sell corrugated bamboo panels in India and the U.S. next year.
Ocean's panels are structurally strong, low-cost, and have a paint coating that keeps them cooler, with a lifespan of up to 25 years.