TeraSol – a young company created in 2022, specialized in soils protection and the re-use of excavation materials – has secured its first round of financing to develop its products catalogue and make city renaturation projects more accessible and sustainable.
The start-up, based in canton of Vaud, has announced the completion of its first stage of pre-seed financing of CHF 500’000. Among the new investors, two «unicorn exits» will undoubtedly provide valuable advice to this young company. The next funding stage is planned for June 2024, for which it is seeking CHF 1 million.
This pre-seed will allow TeraSol to recruit a scientific manager who will lead the research laboratory and develop the ExoSol© catalogue. He will also be in charge to investigate the potential of each region to retrieve the mineral and organic raw materials used in the manufacturing process to keep it as sustainably as possible. This funding will also contribute to the development of an urban soil mapping tool to define, visualize and test different scenarios that a city would have at its disposal to renature its plots in a sustainable way.
The turnover generated in 2023 by the soil engineering firm largely covers fixed and operating costs. This funding can therefore be entirely used to commercialize and develop new products.
ExoSol©, is a fertile substate based on the sustainable circular economy in the field of urban excavated material recycling. Given the considerable amount of earthy material going to landfill, ExoSol©’s manufacturing process should reduce greenhouse gases in the creation of the many urban green spaces planned for the coming years. It is planned to produce ExoSol© on the construction site itself, or within a reasonable perimeter, which will considerably reduce transports (evacuation of excavated materials and importation of topsoil).
Last but not least, TeraSol continues to grow: the company currently employs five people (4.2 UTP) and plans to end 2024 with seven employees (6.3 UTP).
Source : Press Release
