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Biosolvit

Bioblue Natural Absorber

Brazil
Market: Auto Maintenance, Metallurgy, Petroleum refining, Production
Stage of the project: Operating business

Date of last change: 20.05.2020
Min investment
$  25.000.000
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Total required
$ 25.000.000
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Idea

A natural absorber which is the most effective oil or derivatives absorber in the world. Besides that, it's natural, made from discarded biomass, it's cheaper and the most important, it's the only one that allows the reuse of spilled oil.

Current Status

We have been scaling fast. We have just closed our Series A by a confidential agreement and we have raised more than USD 5 million since the beginning of our company.

Market

145 billion dollars according to Grand View Research. They estimate that the market will achieve 180 billion dollars in 2025.

Problem or Opportunity

Oil or derivatives spill accidents on land or soil. Almost 6 million tons of oil were spilled in the five last decades only in our seas according to ITOPF. This amount is about 5% of the total amount. The costs to remediate and to treat the contaminated water are extremely expensive.

Solution (product or service)

A natural absorber made from palm fibers discarded in the heart of palm industry. Our product has been tested by the Cedre Institute of France and it is considered the most efficient oil absorber in the world. Besides that, it's the only one that allows the reuse of spilled oil.

Competitors

Every brand in our company has its own competitiors. In Bioblue we compete with Briggs from UK, Savesorb from USA and Okopur from Germany. In Brazil we compete with Ambiclean, EPS, Eco Response and others. In Biogreen we compete with many substrats producers, but we have an important differential in Biogreen... the XAXIM, a natural pot to raise ornamental plants.

Advantages or differentiators

In Bioblue the differentiator is Bioblue, our natural absorber. In Biogreen, we have the Xaxim. The most important thing about our company is our R&D focus. We develop new materials from renewable sources of raw material.

Finance

We have just closed our Series A and we are not raising funds right now. We have been preparing our company to the next round, scaling as fast as we can and selling our products in Brazil. Besides that, we have just closed a deal with an american company to start a joint venture in Houston/TX, United States. We have been working to achieve 85 million dollars in revenues in 2024.

Business model

We are a circular economy industry. We recover organic biomass and develop new materials from this biomass. Our business is divided into three operations. Biosolvit, focused on research and development. Bioblue, focused on solutions to preserve the flora and Biogree, focused on solutions to preserve the water.

Money will be spent on

International expansion and marketing

Offer for investor

10% of the total shares, including all the brands and international business and factories.

Team or Management

Risks

There are many... other competitors, new products, etc. We have been working to be the "first movement strategy company" and this is our barrier against the risks.

Incubation/Acceleration programs accomplishment

CNT Conecta in Brazil and Plug and Play Tech Center in Silicon Valley.

Won the competition and other awards

In Brazil since 2018:
Winner of Atlantic Connection Awards
Winner of Bio Latin Biotech Competition
Winner of AMCHAM Arena as the best Brazilian startup
Winner of Igloo Ibrachina Competition

Abroad since 2019:
Winner of Grands Prix de l'Innovation de Paris in the moonshot 2040
Winner of Grand Prix of Vienna
One of the 12 finalists at STARTUP WORLD CUP Competition in Silicon Valley, where more than 40,000 startups has attended.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video