AquiPor

"Green" Concrete Technology

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Company Information

Website:

https://aquipor.com/

Sector:

Basic Materials

Location:

Spokane, WA

AquiPor aims to change the world from the ground up.

It’s developed permeable concrete, enabling rain and other liquids and gases to pass through it. The result is a material that could play a central role in reducing stormwater runoff pollution, urban flooding, and groundwater depletion issues.

AquiPor owns the exclusive rights to patented and patent-pending permeable concrete and engineering technologies. And it’s already raised more than two million dollars, and been named a Top 5 Emerging Stormwater Management Startup by StartUs Insights.

Now, following the passage of the Biden administration’s trillion-dollar infrastructure bill, the time has come for this company’s technology to address significant market opportunities valued at $380 billion.

A combination of extreme weather and outdated infrastructure has created water stress throughout America. Whether it’s prolonged drought in some regions, or excessive flooding in others, cities are ill-equipped to handle above-average rain events.

Most cities are paved over with asphalt and concrete that prohibits rain from entering the ground, disrupting natural water cycles. Instead, rain that falls immediately becomes stormwater runoff and increases the chances of flooding. With nowhere to go, this polluted stormwater often ends up in ocean bays, rivers, and streams.

Additionally, the concrete that’s been used to build cities has a huge carbon footprint. It’s estimated that cement and concrete production accounts for eight percent of global CO2 emissions annually.

These problems are what make AquiPor’s concrete so potentially valuable. This company's permeable concrete helps alleviate urban flooding and naturally recharge groundwater right where it falls.

Furthermore, this concrete has an extremely low CO2 footprint when compared to normal concrete. Made from industrial minerals and reclaimed industrial waste, this technology is a cleaner, greener, more advanced solution for stormwater infrastructure.

Here’s how AquiPor’s business works:

The company operates as a design-build contractor for green infrastructure projects. In this model, it obtains a project and directs the designing and engineering. It also procures the materials and ensures quality control, then oversees the final construction and installation.

Using this model, AquiPor estimates that design-build contracts for the installation of just 100 miles of permeable sidewalks could generate close to $200 million in revenue. This represents a fraction of the eighteen-billion-dollar market for permeable paving, the company’s serviceable addressable market.

AquiPor has completed product-mix designs for its concrete, established product-testing protocols, and developed its manufacturing standards and processes. It’s also established supply-chain relationships and begun negotiating a letter of intent to secure long-term material supply and manufacturing arrangements.

The company completed the U.S. Green Building Council - Los Angeles Net Zero Accelerator program in 2022.

Team Background

Greg Johnson - Co-Founder & CEO

Greg has been a co-founder in construction-related and climate-tech startups for more than a decade.

Early in his career, he co-founded Aroura, a company managing imports of specialty building products. From there, he co-founded KloroTech, a company marketing clay-based permeable pavers for on-site stormwater runoff management.

In addition to his role with AquiPor, Greg is involved with a pair of companies conducting research & development for non-kilned brick technology and low-carbon cements.

He earned a Bachelor’s degree in Business Administration and Management from Carroll College.

Kevin Kunz - Co-Founder & VP of Market Development

Kevin has been with AquiPor for eight years.

Previously, he was VP of Market and Product Development with KloroTech, the startup co-founded by Greg marketing clay-based permeable pavers for on-site stormwater runoff management.

He earned a Bachelor’s degree in Fine and Studio Arts from Washington State University.

Co-Investors

Raising
$4.49 million
Committed
$573.249K (13%)
Current Valuation
$51.95 million
Min. Investment
$400
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
Notable Investors
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