ALVÁTECH, a global company which provides farmers with advanced, environmentally-friendly and effective water treatment technology, has exceeded its £500K investment target within hours of launching a new crowdfunding round. The company is seeking investment to enable it to scale up globally to further address the climate emergency and its impact on food security.
The London-based company has developed innovative, solar-powered technology which disrupts water molecules in an ecological, chemical-free way, to deliver higher crop yields with significantly less water and fertiliser consumption. The equipment housing this technology runs entirely on solar energy, is highly cost-effective, easy for farmers to install, and it requires no maintenance. ALVÁTECH has also developed a scalable solution that supports irrigation of the largest farms down to smaller, affordable devices that can be used by small holders which are common in Africa and other developing regions.
This revolutionary technology has been tested and proven in different crop, soil and water types in climate zones across the globe. ALVÁTECH has won a number of international awards, recognised for its impact in helping farmers throughout the planet to save water and reduce fertiliser use.
Since its launch in 2019, ALVÁTECH has developed a global distribution operation and already has a presence on six continents. Its projected income is set to exceed eight figures over the next five years with revenues generated through leasing and purchase options.
The company has established close relations with farmers, governments and NGOs and has set up R&D partnerships with major agricultural companies, charities and academic institutions across the world. A series of joint trials and research projects have shown that ALVÁTECH’s innovative technology can reduce agricultural water consumption by between 20 and 50 per cent. The company’s most recent trials in Brazil delivered a 32% increase in crop yields for mango farmers and operational savings of around $350 per hectare for grape producers in the South American nation.
Through the investment secured from this crowdfunding round, ALVÁTECH aims to grow sales in high-priority countries by supporting distributors and increasing marketing support. Additionally, proceeds will go towards increasing operational capacity and investing in new product development based on AI and Big Data predictive models.
Zac Gazit, ALVÁTECH co-founder and CEO, said: “Our growth and the global presence we have established in just three years underlines the major impact our technology is having in supporting farmers across the world in their battle against climate change. While most farmers have access to water, this has been increasingly affected by saline levels which poisons their crops and destroys an estimated 1.5m hectares of fertile land every year.
“Through the innovative technology we’ve developed, ALVÁTECH now offers farmers an affordable, durable, eco-friendly, and easy-to-install and operate solution that reduces their water consumption by up to 50% and reduces soil salinity. We have scaled our offering to ensure we can provide appropriate devices that are relevant to the needs of governments and will support all farmers, whether they manage thousands of hectares of land or a small holding as is common in many developing countries.
“We’re delighted with the initial success of this crowdfunding and decided to extend the opportunity to invest so we can help even more farmers, especially those in developing nations where food supplies are most affected by the climate emergency and other geo-political factors.”