Raising $20 million Series A round for a new generation of size reduction technology in the waste management, mining and recycling industries. It has patents and recurring revenue.
The TORXX Kinetic Pulverizer is a new generation of size reduction technology in the waste management, mining and recycling industries. It is a patented technology and has recurring revenue. It reduces methane emissions by returning organic matter to the land as a soil amendment. 16 states have Greenhouse Gas reduction policies. $10B investment forecasted to meet California regulations. Legislation requires 75% diversion by 2025. California landfills 27m tons of organics annually. Our customers are Large Waste Recyclers, Mining operations, Manufacturing Plants, etc. We manufacture the product, we sell or lease the product and we provide parts and maintenance services. Our business model is cash flow positive with no requirements for additional working capital. Our burn rate is $200,000 per month for operations plus $60,000 per month for interest on debt. So $260k per month currently which will reduce to $200k per month once the funding closes and the debt is paid down. We started earlier with a $30 million convertible note. Future milestones consist of 2027 revenue of $465 million with an associated EBIDTA of $157 million. There are 5 registered patents and 10 are pending in the application process.
Please see our pitch deck below:
Generic due diligence questionnaire for Venture Capital funds: