Home Business News Revolutionary waste oil solution smashes crowdfunding target within 24 hours after launching

Revolutionary waste oil solution smashes crowdfunding target within 24 hours after launching

by LLB Finance Reporter
26th May 22 7:23 am

CirculOil’s crowdfunding campaign is now live to the public for investors to contribute and join CirculOil’s mission to drive circularity and eliminate pollution from waste oil.

CirculOil – the revolutionary oil management system that brings circularity and efficiency to engine lubrication – is pleased to announce that their crowdfunding campaign is now live for potential investors looking to contribute.

Within 24 hours of launching live to the public, CirculOil has smashed its £175,000 investment target, with more than 70 investors contributing.

The waste oil problem is a serious issue that is increasingly damaging the environment, as over 6 billion litres each year of dirty used oil is generated, making it the largest amount of liquid, non-aqueous hazardous waste in the world.

From this, over 1 billion litres of waste oil are generated from the off-highway engine sector, with less than 40% getting re-refined due to poor collection systems. CirculOil has developed a unique patented cartridge technology that allows for 100% collection and re-use of waste engine lubrication, creating a circular ecosystem, and reducing carbon dioxide emissions by 30%.

Key investment into CirculOil’s campaign will allow them to accelerate their growth and protect the environment from waste oil, enabling them to achieve their vision of driving circularity and eliminating pollution from waste oil.

Using an innovative platform to track and trace all cartridges, CirculOil helps users to monitor their vehicle maintenance and allows them to control the waste oil on its journey through the circular ecosystem. CirculOil has also reduced the time for operators during the oil change to just 90 seconds, resulting in a quick and clean maintenance process.

The crowdfunding campaign is live now, and open to the general public to invest and own a piece of CirculOil. Investment not only supports CirculOil, but investors can join in with their fight to protect the environment from future, unnecessary waste.

Steve Goodier, Founder and Chief Executive, CirculOil, said, “We are pleased to announce that our crowdfunding campaign is now live. With your crucial investment, we at CirculOil can bring efficiency and circularity to many more customers. At CirculOil, we seek to create innovative solutions to protect our planet, to do our bit in protecting the environment. At the core of our products and services, we have developed a bespoke Circular Ecosystem, which can effectively and efficiently manage every single oil change and ensure that all the used oil is collected, enabling a complete closed-loop ecosystem.

“Your investment is the crucial difference that allows us to accelerate our growth and support our commitment to protecting our Earth from waste oil. We have received high levels of interest from our pre-registration, and are confident we can reach our target investment, after which we’ll remain open in overfunding until we reach our maximum target.

“We are a driven team with a strong entrepreneurial culture, and we are passionate about changing the future for the better. Not only does your investment support us, but we will use it to invest in people, in partnerships and technology, and increase awareness of our company and its revolutionary capabilities.

“Ultimately, we want our customers, employees, suppliers, and friends to all have the opportunity to own a piece of CirculOil and be part of our journey to drive changes to support the environment.”

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