Propelair, an Essex-based developer of what is believed to be the world’s lowest water-flush toilet system, has secured GBP3 million in new equity.
Propelair, an Essex-based developer of what is believed to be the world’s lowest water-flush toilet system, has secured GBP3 million in new equity. The funding, led by Earth Capital, the global impact investment management firm, and supported by various other investors, will assist the company’s expansion into additional water-stressed markets across the Middle East, Australia, Hong Kong and Singapore.
Propelair will also use the injection of new funding to roll out further innovations and product enhancements including product and installation cost reductions, product range growth, premium accessories, block detention and prevention, and the introduction of a smart connected toilet allowing the roll-out of a “Savings-as-a-Service” model.
Propelair’s innovative solution saves water through using air to propel just 1.5 litres per flush, into existing drains, compared to 6-9 litres per flush for conventional toilets. As well as enabling a superior flush and massive water savings, it saves money, reduces water processing (thereby saving carbon), is quick to refill and is more hygienic than a conventional toilet, reducing aerosolised germs, including Covid-19, by 95 per cent. The system is designed for commercial use, so maintenance is also significantly reduced.
To date, Propelair has installed nearly 4,800 units in the UK and South Africa. Commercial customers include service stations, shopping centres, universities, restaurants and banks.
For Earth Capital, this follow-on investment is being funded through the firm’s Nobel Sustainability Fund®, a multi-phase, multi-geography fund, which invests across the sustainable and impact private markets, accelerating companies for growth, expansion and subsequent acquisition.
David Hollander, CEO of Propelair, says: “The Nobel Sustainability Fund®, managed by Earth Capital have been exceptional partners in this raise. We have a long relationship with Earth Capital, who have been very supportive and continue to work with us to create a better business. Propelair is now well placed to take advantage of the increasing drive for sustainable and hygienic products as a result of the consequences of Covid-19.”
Avent Bezuidenhoudt, Investment Director of Earth Capital, says: “The Nobel Sustainability Fund® is delighted to once again be supporting Propelair in its drive to reduce water waste, lower carbon emissions and improve hygiene. David and his team are leading the way in innovation and continuous product improvement. This funding round will enable the further geographic expansion of the Company, bringing the benefits of the Propelair toilet to new markets.”
