Home Biogas will issue in Tel Aviv – the capital market

Home biogas system, Photo: Boaz Nobleman

Home Biogas has published a draft prospectus for an IPO on the Tel Aviv Stock Exchange, led by Lider IPOs. The offering will be made using the Book Building method (non-uniform offer). The company develops and manufactures biogas systems for the private and institutional market, with two of them currently in production and one more in advanced pilot stages. To date, it has raised about $ 18 million in capital and another about $ 3 million in grants and in the last round in April 2020 stood at $ 30 million. The amount raised will be used to accelerate penetration into the institutional market.


The company estimates that in the private sector they are targeting a potential market of over 3 billion people, consisting of households with high environmental awareness living in developed countries, as well as people living in developing countries who do not have access to domestic gas and cook on open fire or alternatively have no access to toilets.

Home Biogas’ home biogas system is located in the backyard and allows the organic waste to be turned into liquid fertilizer or cooking gas that will last up to 6 hours (depending on the type of waste and the size of the system). According to the company, the system does not produce unpleasant odors and is simple to install and maintain. A parallel system designed for the institutional market (dining rooms, restaurants, hotels) is in advanced pilot stages. It is estimated that the institutional market produces 1.3 billion tons of food waste each year.

Alongside these, the company has developed a system called Bio Toilet: a service system that operates independently and does not require a connection to infrastructure, whose market is third world countries without sewage infrastructure. According to Home Biogas, the system saves the use of 40,000 liters of water per year.

Home Biogas has sold about 10,000 systems to customers in about 100 countries around the world in recent years, and has a current backlog of about 6,000 home biogas systems. The company was founded in 2012 by Oshik Efrati, who serves as CEO, Erez Lantzer and Yair Teller. The most prominent investors in the company are the French energy giant Engie, Closed Loop and JS Capital of Jonathan Soros (the son of).

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    Mahaha

    tall

    07/01/2021 12:04

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