Bolt Projects Holdings, Inc.

Bolt Threads harnesses biotechnology to build biomaterials for high-volume consumer goods industries. The company focuses on pioneering sustainable materials. Its first offering is the Vegan Silk Technology Platform, which includes b-silk and xl-silk. These are fully biodegradable, film-forming, versatile, and functional ingredients for the beauty industry. B-silk, the first output from this platform, has been on the market since 2019. This platform is supported by a patent portfolio with 68 granted patents and 166 pending patent applications. Bolt Threads has also developed substantial trade secrets and expertise over more than 13 years of development, with over $300 million invested in research and product development. In early 2023, the company decided to discontinue the development of other product candidates to focus entirely on the Vegan Silk Technology Platform. This strategic shift aims to accelerate the commercialization of biotechnology ingredients for the beauty and personal care industry.