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Roadfill

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Using waste plastic to repair roads, cutting CO2 emissions and creating a circular economy.

171%
 - 
Funded 26 Nov 2021
£350,003 target
£610,140 from 656 investors
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Business overview

Location Dartford, United Kingdom
Social media
Website www.roadfill.co.uk
Sectors Automotive & Transport Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 11430738
Incorporation date 25 Jun 2018
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Investment summary

Type Equity
Valuation (pre-money) £3M
Equity offered 16.88%
Tax relief

EIS

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Business highlights

  • Reduces plastic waste. Makes road maintenance cheaper and greener
  • Local plastic waste can fill local roads with mobile facilities
  • Commercial interest from local governments and leading companies
  • Partners incl. Binn Group, Greenwich & Anglia Ruskin Universities
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Key features

  • Secondary Market
  • Nominee investment min. £11.80 +

Idea

Introduction

Like potholes, plastic pollution and high carbon emissions affect us all. Too much plastic goes to landfill, and the way we monitor and repair roads is outdated, costly, inefficient and unsustainable.

Roadfill combines waste plastic with graphene to repair roads, while cutting CO2 emissions and creating a circular economy – a cheaper, more sustainable solution than current methods. Our roadside filters are made entirely from mycelium (mushrooms), zeolites and seashells, and protect the environment from microplastics and pollutants.

Our research shows that compared to traditional methods, our products reduce bitumen (heated petroleum) usage by up to 14%, and last on average 7X longer, which can cut costs for public bodies and businesses by up to 30%. They can be more weather and pothole resistant, and give greater surface friction, reducing tyre fatigue and braking distances.

We’re also in discussions to co-develop an AI-led system to let vehicles autonomously monitor road conditions (a task currently performed manually).

Substantial accomplishments to date

Roadfill has attracted commercial interest and discussions from a number of industries:

- UK, Scottish governments & local government agencies
- Construction firms
- US and European firms
– Transport hubs
– Verex Group insurance giant (to use road monitoring data)

We aim to deliver all our products to these clients, educate the global market and become the go-to solution for sustainable road maintenance.

Other achievements:

– Invited to showcase at Highways England event, Nov 21

– R&D undertaken in collaboration with Greenwich & Anglia Ruskin Universities

– Awarded £92.7k in EEC funding with universities to trial core product

– Invited by Global R&I in Plastics Sustainability (GRIPS) to discuss products and R&D

– Signed NDAs with FTSE 100 & 250 firms, and leading European construction firms

– Collaborated with what3words to make a road monitoring system

– MoU with Gaist Solutions to explore partnership for potential trials in Australia, South America, and the US.

- Greek roads trialing Roadfill remained intact after the devastating wildfires last summer

Monetisation strategy

Roadfill's revenue will be generated in the following ways:

1. B2B - Our core product of pelletising waste plastics (polyetheylene terephthalate - PET) and selling this re-formatted PET directly to asphalt plants, construction companies and road surfacing companies.

2. Franchising - we are looking at revenue models of franchising our products overseas.

3. White labelling - selling our products to road surfacing companies.

4. Monitoring software - our software collects data that is packaged up and sold on to town and city planners. We have also created and are about to roll out a revenue stream selling subscription packages to local government authorities, insurance companies, and logistic supply companies for our road surface monitoring software.

Use of proceeds

The funds from this raise will be used to fund the following:

– Purchase capital equipment

– Expand business facilities

– Expand our team

– Further R&D

– IP patents

We then aim to exit our business in the next 5-7 years.

Key Information

SEIS/EIS tax relief

The company has £150,000 of its SEIS allowance remaining. £63,132 of this allowance will be taken by lead investors in this round, with £234,386 of lead investors not taking SEIS. Therefore, investments up to the threshold of £384,386 will be SEIS eligible. Investments made after £384,386 has been reached will be EIS.

Outstanding debt

The company has an outstanding Bounce Back loan of £48,757 with 2.5% interest rate. This is to be repaid over 59 monthly installments starting in May 2021. None of the funds raised will be used to repay this loan.

Investor Perks

We're offering the following perks for our investors:

- £500+: Roadfill will plant a tree in your name

- £5000+: We plant a tree in your name & an exclusive invite to our quarterly webinar with our founders

- £10,000: all above, plus an invite to a yearly get together with our founders

- £15,000: all above plus site visit to see Roadfill in action

Please note that any discounts, rewards, and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company and listed above. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Roadfill has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 3 November 2021 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £2,950,000

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It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

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Equity Offered

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When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

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Secondary market

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Direct investment

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

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Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

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