Microalgae Aqualgae II
funded by 780 investors
With Portuguese DNA, Aqualgae is headquartered in Coruña (Spain) and has a manufacturing center in Viana do Castelo (Portugal).
The company is mainly dedicated to the design and manufacture of photobioreactors for the production of microalgae, and the supply of services in essential areas of aquaculture, such as the automation of processes and systems, the installation of equipment and sensors, and the development of platforms monitoring and control.
After the first campaign in which the promoter raised 60.000€ to manufacture tubular borosilicate glass photobioreactors, the funds raised through this campaign will be used to develop the prototype of the first modular micro-algae micro-factory in reused containers.
A mini-factory consists of a second-hand reused shipping container with photovoltaic plates on the roof for self-consumption of electricity, two photobioreactors for microalgae production, materials, and equipment needed to produce the microalgae, and remote communication technology to offer customer support.
The widespread uncertainty felt in logistics chains worldwide, and the most recent episodes that compromise geographic mobility, make it mandatory to find solutions that expedite the shipment of equipment and machines, that can be used as plug-and-play solutions, without the need for final installation or on-site demonstrations of operation. These types of equipment should be installed and activated by the end user and operated remotely if necessary. Use, maintenance, and repair should be available through hands-on instructions or remote support.
Microalgae are a sustainable source of proteins and PUFA fat acids, essential for the aquaculture industry, and increasingly used in food and feed, agriculture, cosmetics, and other applications.
This is why Aqualgae intends to develop modular plug-and-play solutions with state-of-the-art technology to be connected with the customer, provide remote assistance and help remotely anywhere in the world. The micro-factory will be partially automated, will have a gateway to access real-time data in the cloud, and will feature a remote assistance and management platform, records, and operational intelligence.
The construction of this prototype will last about 6 months, and operational testing will last at least another 6 months. The first sales are expected after its construction and validation, through dissemination on social networks, trade shows, and on the company's website.
CO2 avoided per year
MWh clean energy
The funds raised through this campaign represent 75% of the overall investment in the project, with the rest being supplemented by the company's own funds. Currently, the company has three clients interested in micro-factories, one in Portugal and two in Spain. In addition to the positive environmental impact through the reuse of used containers, the new equipment has the flexibility of being mobile, is energy efficient, and meets the needs of customers located in several countries in the EU, South America, Africa, and Asia.
A return on investment is expected within 3 years.
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Pledge of the equipment.
Aqualgae is a microalgae engineering and biotechnology company based in Coruña (Spain) with a manufacturing center in Viana do Castelo, in the North of Portugal.
At the beginning, the company was dedicated to the construction of photobioreactors for the optimized production of microalgae, which are the primary food of bivalves such as clams, oysters, scallops, clams, and of the larval stages of sea urchins, limpets and shrimp.
With over 10 years of experience in the aquaculture and microalgae sector, Aqualgae's mission is to innovate and improve the efficiency of the aquaculture industry, particularly the microalgae production systems, in the implementation of automation solutions, increased competitiveness and productivity, greater energy efficiency and consequent improvement in environmental sustainability, and in other industrial sectors that employ microalgae.
Now, in the current context of market instability and lack of raw materials and essential goods, it becomes necessary to produce locally from sea and land. The company's new containerized microalgae production systems (micro-factories), are produced by Aqualgae, and in other industrial sectors that employ microalgae. to obtain biofertilizers for agriculture, or to regenerate poorly productive soils. In turn, in a clear example of circular economy, wastewater from hydroponic agriculture or CO2 emitted in wine fermentation processes are the source of nutrients for microalgae.
The manufacturing and assembly center of the modular systems will be in Viana do Castelo, Portugal.
Aqualgae is composed of a multidisciplinary team of highly qualified professionals in areas ranging from mechatronic engineering to industrial electrical installations, and including market specialists. The company also has a network of local suppliers essential for the development of the project, and proximity to several seaports for export of modular systems: Leixões, Viana do Castelo, Vigo, Marin, Corunha (all in Portugal and Spain).
The promoter's main activities are:
Customers will have the possibility of purchasing the equipment or opting for renting.
Number of Goparity Loans
First instalment was paid to all the investors
779 investors successfully raised 75.000€
This campaign will help avoid the emission of 0 tons of CO2 per year
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