Over the past eighteen months, Bolt Projects Holdings [Nasdaq: BSLK] has undergone transformational change designed to accelerate penetration of its Vegan Silk Technology Platform into the beauty and personal care industry.
“This effort has been led by b-silk, a novel biodegradable, film-former polypeptide designed to offer additional functional benefits for haircare, skincare and color cosmetics,” said Bolt Projects Holdings Chairman and CEO Dan Widmaier. “B-silk has been in the market since 2018 and has delivered consistent and proven consumer satisfaction.”
During the third quarter of 2024, two new products featuring b-silk™ – the Daily Defender SPF30 and the Peak Performance SPF50 – from Freaks of Nature™ were introduced to the market, driving higher visibility and penetration in the sunscreen product type within skincare.
This launch adds to b-silk’s long-standing presence in the haircare segment since 2020 as part of Vegamour’s GRO Revitalizing Shampoo and Conditioner, powering their proprietary Karmatin™ offering. Vegamour’s success drove Bolt’s revenue growth for multiple years, resulting in 2023’s annual revenue of $3.4M, illustrating the building impact new customer launches can have.
Another launch featuring b-silk™ is expected as early as the first quarter of 2025. A cosmetics brand is slated to debut a color cosmetic product.
“We see this product expansion as a testament to our cutting-edge Vegan Silk Technology Platform, showcasing its novel functionality,” said Bolt Projects Holdings President Cintia Nardi. “This offering has the potential to set a new standard in the beauty industry and enable high-performance formulations in this product type. We are excited about the potential of this collaboration and the innovation it brings to the segment.”
Bolt expects to share information about additional customer launches in the upcoming months and to showcase the potential of its Vegan Silk Technology Platform across many segments of the beauty and personal care industry. These launches will be supported in part by a second proprietary product from its Vegan Silk Technology Platform under the trade name xl-silk.
“Overall, we believe 2025 will be pivotal in demonstrating the impact of our innovative technology as it is unveiled by our customers’ new product launches,” said Nardi. “This market innovation not only meets new and challenging regulatory rules around silicones but also targets consumers’ desire for efficacious products and more sustainable materials.”
“We aspire to be the most desirable biotech ingredient innovator for the beauty and personal care industry,” said Widmaier, “and so we will continue relentlessly pursuing market share because we believe that ‘the best days are ahead of us’ and we believe the future is one ‘Where Doing Good Will Help Us Do Well.’”
Bolt Projects Holdings will announce third quarter 2024 earnings on November 7, 2024 after market close.

About Bolt Projects Holdings
Bolt Projects Holdings is pioneering a new generation of biotech ingredients for haircare, skincare, and color cosmetics. By harnessing the power of nature’s materials, Bolt creates scientifically advanced, clean, luxurious ingredients that help beauty brands meet their customers’ demands for sustainability and performance.
Source
Bolt Projects Holdings, press release, 2024-10-22.
Supplier
Bolt Projects Holdings
Vegamour
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