No, the material will lose rigidity and will become susceptible to degradation when repeatedly exposing it to water. It does repulse water for some time and it even floats! Of course, it not raining all the time. In between showers the material will passively dry and maintain some rigidity. But in the long run, it will lose.
We are working on the development of a bio-based coating that makes our material 100% waterproof.