Using waste plastic to repair roads, cutting CO2 emissions and creating a circular economy.
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 |
Investment summary
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
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 Too much plastic goes to landfill, and the way we monitor and repair roads is outdated, costly, inefficient and unsustainable.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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