Award-winning water technology enabling farmers to save water, grow more food and battle climate change.
Business overview
Location | London, United Kingdom |
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Social media | |
Website | www.alva-water.com/ |
Sectors | Energy Mixed Digital/Non-Digital B2B |
Company number | 12017113 |
Incorporation date | 24 May 2019 |
Investment summary
Business highlights
- Precision Agriculture Market to be worth USD 15.6 Billion by 2030
- Installations and distribution agreements across six continents
- Won several international AgTech awards
- Technology validated by industry research institutions
Idea
Introduction
Water is a critical resource for food production, and climate change is forcing us to think differently. We all felt the recent heat waves across the world & here in the UK with temperatures hitting an all-time high. We've seen the news of floods & droughts threatening our planet’s livelihood. Rethinking how we irrigate our crops & produce our food sustainably is critical to meeting the needs of the world’s population which is expected to grow to 10B people by 2050. That's where ALVÁTECH comes in.
With their innovative award-winning products ALVÁTECH is reimagining water technology to help the 570 million farmers worldwide grow more, save water & improve soil health.
ALVÁTECH disrupts water molecules in an ecological way, runs off solar energy and is chemical-free. Backed by science and phenomenal results on the ground, they're now raising to scale up in the projected $15.6B precision farming market (by 2030) with the aim of becoming a global industry leader that'll help reshape the future of farming.
Substantial accomplishments to date
Since launching in 2019, ALVÁTECH installed their water treatment devices & established an international distribution network spanning across six continents.
ALVÁTECH success stories and testimonials keep growing and they've grown their revenue 3x between 2021 and Q3 2022*.
Their technology has been validated by independent reviews from industry research institutions such as the Red Cross, Brimrose USA and the University of Agadir.
ALVÁTECH has been awarded several international AgriTech awards, including:
- WE4F - Water & Energy for Food Award
- The International AgriTech Excellence Award by a panel of judges from Syngenta, Kubota, M&S and Barclays Bank and
- The International DeserTech Award
ALVATECH has recently entered into collaborations with several agricultural companies.
*Based on unaudited management accounts.
Monetisation strategy
ALVÁTECH's dual business model has been tailored to the needs and business culture of the agriculture industry, offering leasing and purchase options.
Their sales channels include a growing network of distributors in selected countries, referral schemes, as well as collaborations with business partners, NGOs and governments.
ALVÁTECH aims to grow and diversify their product offering with plans to launch an e-commerce platform to support Hydroponics & Vertical Farming sales.
Use of proceeds
With their successful technology, product development, and the establishment of global distribution and sales operations, ALVÁTECH aims to harness the proceeds of this round for growth.
The funds are to be divided between 3 key areas:
> 51% will go toward increasing sales in high-priority countries, supporting the distributors and increasing local professional & marketing support.
> 27% will be used to increase capacity for operations and production to meet the growing demand for ALVÁTECH devices, allowing the company to stay ahead of the curve.
> 22% will go toward developing ALVÁTECH’s Artificial Intelligence, big data technology, and devices which we aim to be the next generation of climate change battling solutions.
Key Information
Debt
The company currently has a Bounce Back Loan from Starling Bank at an interest rate of 2.5%. This was taken out in May 2020 and has a maturity date of May 2027.
Funds from this round won't be used to repay this loan.
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