# Adidas

brought Mylo mycelium-leather uppers to a named retail model, the Stan Smith Mylo, applying a mycelium-based leather alternative to one of its highest-volume sneaker silhouettes rather than a standalone concept shoe.


Source: https://en.bioecon.ru/companies/adidas/
Updated: 2026-08-05

- Country: Germany

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Funding | Bolt Threads has raised over $400 million in total funding as a private company, including a Series E round of $253 million in 2021. Additional recent financing includes $7 million in convertible notes (2023), $28 million in PIPE and bridge financing (2024), and various 2025 financing actions. | https://sacra.com/c/bolt-threads/, https://www.sayinstitute.eu/wp-content/uploads/2023/04/20230306_Scaling-Up-Booklet-2022.pdf, https://www.vogue.com/article/stella-mccartney-backed-leather-alternative-mylo-halts-production-bolt-threads-kering-ganni-adidas-lululemon |
| Capacity | 1 million square feet per year (before production of Mylo ceased in 2023) | https://www.sayinstitute.eu/wp-content/uploads/2023/04/20230306_Scaling-Up-Booklet-2022.pdf, https://www.vogue.com/article/stella-mccartney-backed-leather-alternative-mylo-halts-production-bolt-threads-kering-ganni-adidas-lululemon |
| Certification | 60 percent to 85 percent bio-based under the German DIN-Geprüft standard | https://wwd.com/footwear-news/shoe-industry-news/adidas-mylo-mushroom-leather-vegan-stan-smith-sneaker-1238773227/ |
| Regulatory approval | No regulatory approvals for Mylo were reported; production was discontinued in 2023. | https://www.businessoffashion.com/news/sustainability/bolt-threads-mylo-alternative-leather-mushroom-pause-operations/, https://www.sec.gov/Archives/edgar/data/1841125/000121390024070809/ea021163101ex99-3_bolt.htm |
| Production site | Pilot production facilities in various locations; MME in the Netherlands (mushroom farming); Heller Leather in Germany (finishing) | https://www.forbes.com/sites/timnewcomb/2021/04/22/creating-adidas-mushroom-based-stan-smith-mylo-sneakers/, https://www.sayinstitute.eu/wp-content/uploads/2023/04/20230306_Scaling-Up-Booklet-2022.pdf, https://www.sec.gov/Archives/edgar/data/1841125/000121390024070809/ea021163101ex99-3_bolt.htm |
| Headcount | Personnel headcount was reduced in 2023 following the discontinuation of Mylo production. | https://content.edgar-online.com/ExternalLink/EDGAR/0001213900-24-070809.html?dest=ea021163101ex3-2_bolt_htm&hash=ed34331126fa39d27d7cc22c7425f52b4bad96a569645598b8608739e3644720, https://www.sec.gov/Archives/edgar/data/1841125/000121390024070809/ea021163101ex99-3_bolt.htm |
| Revenue | Approximately $1.4 million for the full year 2024; $3.4 million for the full year 2023. | https://www.morningstar.com/news/business-wire/20250318937585/bolt-projects-reports-q4-2024-financial-results |

Independent sources: businessoffashion.com, content.edgar-online.com, forbes.com, morningstar.com, sacra.com, sayinstitute.eu, sec.gov, vogue.com, wwd.com

## Technologies

- [Bio-footwear (mycelium, algae foam, pineapple leaf)](https://en.bioecon.ru/technology/bio-footwear-mycelium-algae-foam-pineapple-leaf/)