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.
Propelair is already saving customers an estimated 800,000,000 litres of water per year
Propelair was advised by Benjamin Catling of AC Management Associates Ltd.
David Hollander, CEO of Propelair, said:
“The Nobel Sustainability Fund®, managed by Earth Capital and Seedrs, have been exceptional partners in this raise. We have a long-standing relationship with Earth Capital. They have been very supportive and continue to work with us to create a better business.”
He added: “Seedrs have helped us raise an additional over £500k from 866 new investors, proving the appeal of the proposition. 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.”
866 new investors through Seedrs crowdfunding
Avent Bezuidenhoudt, Investment Director of Earth Capital said: “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.”
Avent also praised David and his team, saying that Propelair is leading the way in innovation and continuous product improvement. “This funding round will enable the further geographic expansion of the company. It will help bring the benefits of the Propelair toilet to new markets,” he added.
For further information on Propelair’s new innovations, low-flush toilet and all other media enquiries, please contact Dee below.