EarthWise

Sustainable Sorbent Technologies

EarthWise

Sustainable Sorbent Technologies

Oceanside, CA
Environment
Clean Technology
Earthwise produces sustainable sorbents, made from recycled and repurposed materials to clean up oil and chemical spills.

$70,091

raised
120
Investors
$33M
Valuation
$3.75
Price per Share
$247.50
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
11
Days Left

$70,091

raised
120
Investors
$33M
Valuation
$3.75
Price per Share
$247.50
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
11
Days Left

Rewards

Get rewarded for investing more into EarthWise:

$247+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$247+
Investment
All Investors Owner's Club:
- 20% off of products for 3 years up to the original investment from the investors. - If you were to invest $1000.00 dollars, the investors would be able to purchase $1000.00 worth of products within a 12 month timeframe, See more below
$500+
Investment
Tier 1
Bronze "Impact Investing" Certificate
$1,000+
Investment
Tier 2
- Silver "Impact Investing" Certificate
$5,000+
Investment
Tier 4
Gold "Impact Investing" Certificate
$10,000+
Investment
Tier 4
Platinum "Impact Investing" Certificate

Reasons to Invest

The US Sorbents market reached $3.7B in revenue in 2018, and is projected to be $5.42B by 2026.
Earthwise has partnered with NPS Corporation, the largest sorbent manufacturer worldwide, to produce a diverse array of sorbent products, using plastic/fabric (polypropylene) waste and a few of its products from bio-based surfboard foam (polyurethane) waste.
Earthwise promotes greater sustainability in the sorbent industry without compromising quality and effectiveness.

Overview


A greener way to clean up our planet

The inspiration for Earthwise came to us one day, back in 2017, when a hydraulic hose at the Arctic Foam factory, our sister surfboard foam company, separated from one of the foam molds, spilling chemicals onto the factory floor. 

We discovered, in that moment, that the dust produced while shaping surfboards is oleophilic, meaning it absorbs chemicals and hydrocarbons, and hydrophobic, meaning  it does not absorb water… and the idea for Earthwise Sorbents was born!

The Problem


Sorbent materials on the market today are causing further damage to the environment

It is estimated that approximately 706 million gallons of oil enter the ocean every year (Source).  This usually occurs due to accidental spills, leaks, careless disposal or storage of oils, atmospheric deposition, and stormwater runoff from cities and farms.


The kinds of sorbents used to clean up these spills, such as rolls, powders and pads, depend on the characteristics of the oil and the type of environment involved. For spills in water, synthetic sorbents are preferred over natural sorbents, because they float and can absorb more hydrocarbons relative to their own weight (source).

However, most synthetic sorbents used to address these spills are manufactured from virgin petroleum based materials, whose production only causes more harm to the environment.

The Solution


Earthwise sorbents are made from recycled and repurposed materials

We use the polyurethane waste from our sister company to manufacture absorbent pillows and we produce a wide array of sorbent products, with our manufacturing partner, using polypropylene waste. Earthwise is pioneering sustainability in the oil and chemical spill clean up market.

The Market


The US sorbent market alone is worth billions

In 2015, the global oil spill management market reached a staggering $131.1B (Source). The mechanical containment and recovery sector that includes clean up technologies and sorbent products, comprised $20.1B (Source). The US Sorbents market reached $3.7B in revenue in 2018, and is projected to be $5.42B by 2026 (Source).

Our products are tested and are sold to a diverse array of agencies/companies in the construction, infrastructure, manufacturing, defense, transportation, shipping, emergency response, airline, and retail sectors that use, transport, produce, distribute, and store oils and fuels. Many such industries are required by the OSHA to have sorbent products on hand to control oil, chemical and fuel spills.

The marketplace is looking for highly effective sustainable products, and Earthwise has identified an opportunity to enter this market with its innovative  products.

Our Traction


We are partnered with the largest sorbent manufacturer worldwide, and tests of our products have produced impressive results!

Ongoing product testing by researchers at Findlay University has indicated that Earthwise products’ performance is equivalent or superior to four of our competitors. In addition, we have completed field testing with Princess-Holland America Cruise Lines, Washington Department of Transportation, Maxum/Pilot, Condon Johnson, Kiewit Construction and Mining, Waste Management, Caterpillar, McKinzie Smart Technologies, US Coast Guard, and South Lake Tahoe Fire Department.

We are partnered with NPS Corporation, the largest sorbent manufacturer worldwide. And, in anticipation of our bio-based products entering the market, we have received EPA certifications for our Algae-Sorb Dust, and Pillows.


What We Do


Recycled and repurposed sorbents with the power to do more good for our planet and oceans

At Earthwise, we are removing materials from the waste stream to create our sorbents. By refashioning or remanufacturing these materials, we give them a second life, effectively targeting industrial and other operational clean-ups and accidental spills.

The Business Model


B2B and B2C sales that target both the US and international markets

Earthwise innovative sorbents have entered the market with a few staple products, based on demand, and we will ramp up product offerings to meet the market’s needs. We are providing strategic branding, sales, marketing, product development, and logistics to increase offerings and distribution of our recycled products. Our multiple revenue streams include domestic and international distribution, consumer products and commercial products.

We are raising $3 Million to fund:

  • Inventory at multiple “pick and pack” locations, to quickly supply customers

  • B2B and B2C website expansion with customer commerce portal

  • Sales Management: a veteran sales force, with current client base and distribution network

  • Marketing: advertising and eco-awareness initiative

  • Selling, general and administrative expenses

How We Are Different


Our products have a planned life cycle

Unlike other sorbent products that are made from virgin polyurethane (foam) and polypropylene (fabric) materials, Earthwise uses recycled polypropylene and repurposed polyurethane waste for its products. Earthwise products are not only ECO-FRIENDLY, but they also have a planned life cycle. To promote sustainability we’ve thought beyond the trash bin – from recycling plastic wastes, to cleaning up oil and chemical spills, to generating energy.

The Vision


We’re in this for the long haul!

Earthwise is targeting up to 1% ($54M) of the projected 2026 US sorbents market within the next 3 years, up to 3% ($162M) within 5 years, 8% ($433M) within 8 years, and 10% ($542M) within 10 years. We have global scalability with our manufacturing partner, being the largest sorbent manufacturer in the world. We will capitalize on our strategic partnerships and network that we have cultivated over the last 3 years to penetrate the market.

Because hydrocarbon pollution produces long-lasting effects on the environment, we expect it will be a long road ahead for our business (Source). Petroleum based products, energy production and transport of people and goods will be gradually replaced with alternatives over the next several decades. Our market sector will be in heavy demand during this transition, requiring ongoing vigilance to contain, control, and clean-up spills and runoff.

OUR LEADERSHIP


We come from a wide range of backgrounds and are united under one vision

The Earthwise team is composed of entrepreneurs, scientists, and athletes who all share a love for surfing and passion for a cleaner planet and ocean. We strive to bring innovative, sustainable sorbent technologies to the oil and chemical spill clean-up market to protect our environment and develop a more sustainable economy.  

Why Invest


Investment with an impact

At Earthwise, we are committed to having a lasting, positive impact on the planet, by bringing innovative, sustainable sorbent technologies to the market, with the goal of protecting our oceans and environment and recycling and repurposing waste.

These testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.

Earthwise provides investors an equity position opportunity, so that they, too, can be a part of the positive impact!

Quick Insert

In the Press

Innovate San Diego

Earthwise Sorbents is comprised of entrepreneurs, scientists, and surfers sharing a passion for a more sustainable planet and clean ocean. It is estimated that approximately 706 million gallons of oil enter the ocean every year. Oil enters surface waters via many sources: accidental spills or leaks

Sea Technology Magazine

Review & Forecast - More Sustainable Oil Spill Cleanup

Offering Summary


Company

:

Earthwise Sorbents, Inc.

Corporate Address

:

305 Airport Road, Suite 6, Oceanside, CA 92058

Offering Minimum

:

$9,997.50

Offering Maximum

:

$1,069,995.00

Minimum Investment Amount

(per investor)

:

$247.50











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

2,666

Maximum Number of Shares Offered

:

285,332

Price per Share

:

$3.75

Pre-Money Valuation

:

$33,000,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal shall not direct transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives

All Investors Owner's Club:

- 20% off of products for 3 years up to the original investment from the investors.

- If you were to invest $1000.00 dollars, the investors would be able to purchase $1000.00 worth of products within a 12 month timeframe, based on 20% off retail purchase price, the cost to the investor would be $800.00.

Tier 1 (500+) - Bronze "Impact Investing" Certificate

Tier 2 (1000+) - Silver "Impact Investing" Certificate

Tier 3 (5000+) - Gold "Impact Investing" Certificate

Tier 4 (10000+) - Platinum "Impact Investing" Certificate

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Earthwise Sorbents, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $3.75 / share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares for $375. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative. Inter company debt or back payments. Any expense labeled “Travel and Entertainment”.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$106,055.00 USD
$86,630.00 USD
Cash And Cash Equivalents
$697.00 USD
$0.00 USD
Accounts Receivable
$370.00 USD
$6,532.00 USD
Short Term Debt
$45,785.00 USD
$7,104.00 USD
Long Term Debt
$227,047.00 USD
$216,538.00 USD
Revenues And Sales
$2,554.00 USD
$11,250.00 USD
Costs Of Goods Sold
$1,819.00 USD
$11,372.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$25,449.00 USD
-$112,237.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

9 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, EarthWise has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in EarthWise be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Thank you for investing in sustainability

about 1 month ago

To our investors- thank you for putting your money where your mouth is... we need more people like you, people who do what they say and support companies who are trying to move our future in the right direction. Please spread the word. 

Notice of Material Change in Offering

about 2 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the EarthWise offering. Here's an excerpt describing the specifics of the change:


Issuer is extending their campaign for 60 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Whether or not our products work really matters - to us, to our clients, and to the planet.

2 months ago

This is why we worked with University of Findlay to complete comprehensive third party testing of our products. Here is what our researchers report:

"For the past several months, the University of Findlay, Environmental, Safety and occupational Health Department has performed comparative research on oil absorbent products such as pads, booms, snares and granular materials. The research performed includes absorbency (ASTM Standard method F727-17), along with field capacity and other measurements. The analysis was performed on comparable products from five different domestic and international manufacturers. 

One of the US manufacturers included in the study (Earthwise Sorbents) produces its sorbent products from recycled and repurposed materials. During our preliminary tests, its products performed as well as, or outperformed, other manufacturers. Earthwise products outperformed the other brands on eight of the nine hydrocarbons tested. And several of the pads had the lowest absorbency rate for water."

Dr. Timothy Murphy, PhD -

REHS Associate Professor and Department Chair Findlay University

 

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, EarthWise has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in EarthWise be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

What can you do?

3 months ago

When it comes to protecting the Earth, even small steps - like bringing your own bag or reusing one - can make a big difference. Investing in companies like Earthwise is also charting a more sustainable course for our future. Thank you to our investors!

We are proud of what we do.

3 months ago

Our team is comprised of seasoned business executives, entrepreneurs, scientists, and athletes who are passionate about protecting Earth’s oceans and freshwater resources. We are also proud of our investors who share this vision.

Not only do we aim to keep our oceans clean- we also work to redirect the plastic waste stream by manufacturing our products using repurposed materials. The Earthwise team is committed to saving the planet, and we take pride in providing our clients with high-performance sorbets they can feel good about using. 

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, EarthWise has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in EarthWise be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

One small step can make a big difference -

4 months ago

Thank you to our investors for supporting Earthwise! By using discarded plastic materials for our products, we are changing how sorbents are made, and making a difference by taking a step toward sustainability.

Help Earthwise help our planet!

4 months ago

To those of you who have already invested - thank you! For those who haven't yet, our planet needs our help and it’s time we take action.

To learn more about our sorbents and what makes us unique, please visit >> https://earthwisesorbents.com/pages/what-are-sorbents

Join us and make a difference! Pass it on...

4 months ago

Two of the most problematic forms of pollution affecting our oceans today are plastics and hydrocarbons. That’s why Earthwise is proud to redirect the plastic stream and save our oceans from pollution, one sustainably-made product at a time. Thank you to those who have already invested in Earthwise - you are putting your money where your values are, which is a big step in the right direction. But we still have a long way to go! Please help us to turn back the tide of pollution by passing on this campaign information to your contacts.

Message from President and Co-Founder Jim Mullen

4 months ago

Our team is passionate about providing a greener way to clean up our oceans and planet. Learn more about how you can make an impact and help save our oceans. 

https://vimeo.com/508582388


Notice of Funds Disbursement

4 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, EarthWise has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in EarthWise be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Notice of Material Change in Offering

5 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the EarthWise offering. Here's an excerpt describing the specifics of the change:


Earthwise has extended their campaign and updated their financials


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, EarthWise has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in EarthWise be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Invest in Your Future

6 months ago

At this point in our history, we understand the paramount need for reducing our waste, limiting environmental contamination, and responsibly using our precious resources. This is why Earthwise continually strives to develop and is proud to supply the most sustainable oil and chemical spill cleaning products on the market.

Join us and help us turn the tide - against pollution. Your investment promotes a more sustainable future. 

World Water Day is Everyday

6 months ago

This week we celebrated World Water Day. Water is one of the most important resources and our fight to protect and save it is more urgent than ever.  At Earthwise, our commitment to improving and protecting water resource is everyday.  

Join us in leaving a better pace for our kids and future generations with environmentally sustainable products. For as little as $250 you can invest in a better future and become a shareholder of Earthwise. 

Notice of Funds Disbursement

6 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, EarthWise has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in EarthWise be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

The Problem and The Solution

6 months ago

The problem:

Approximately 706 MILLION gallons of oil enter the ocean every year. Yes, you read that right…. 706 MILLION.

Oil enters surface waters via many sources: accidental spills or leaks, careless disposal or storage of oil and oil products, atmospheric deposition, and stormwater runoff from cities and farms. Similarly, at least 8 MILLION tons of plastic end up in our oceans every year. The main sources of marine plastic are land-based runoff, beach litter, industrial and construction activities, and illegal dumping. Other sources of plastic stems from ocean-based activities including commercial fishing, shipping, and aquaculture. Inefficient practices and products made from raw materials are making matters worse.

Our solution:

Earthwise manufactures sorbents from recycled trash (polypropylene plastics). Our sorbent products facilitate the removal of oil and chemicals from the environment and our oceans. We have made it our mission to provide high quality sorbent products made from sustainable, recycled, or repurposed materials.

To learn more about our environmentally sustainable products, visit: https://earthwisesorbents.com/

Thank you to our investors for helping us to change our world for the better.

Earthwise Mission

6 months ago

At Earthwise we believe in leaving our Earth a better place for our kids and future generations. We are passionate about environmentally sustainable products, so we have made it our mission to provide high quality sorbent products made from sustainable, recycled, or repurposed materials.

Thank you to all who have joined us so far. We are so excited to see our wave of support getting bigger - Please help get the word out to your networks or anyone you think would be inspired by what we are trying to do!

To learn more, please visit:

https://earthwisesorbents.com/

From Surf to Sorbents

7 months ago

Earthwise Sorbents was developed as a sister company of Arctic Foam, a 15-year-old, global leader and innovator of high performance surfboard blanks. At its manufacturing facility, a hose was dislodged from one of the surfboard presses and leaked hydraulic fluids onto the factory floor. Fortunately, Arctic Foam discovered that the surfboard dust produced while shaping boards rapidly absorbed the hydrocarbons from that spill. So rather than sending the foam dust to a landfill, Arctic began repurposing the foam waste into sorbent products for its own use. Now, through Earthwise, the surfboard dust, as well as fabric waste materials from other industries, is being used to produce oil and chemical clean-up products. 

With the rising demand for environmentally friendly and sustainable surfboard materials , Arctic Foam also developed a bio-based based polyurethane surfboard foam. The bio-based foam uses plant-based oils and materials to help limit the use of harsh, environmentally damaging chemicals. This bio-based foam is also being used by Earthwise for its sorbent products. 

Arctic Foam estimates that over 20 tons of polyurethane and bio-based polyurethane foam waste would be landfilled from its factory each year in the absence of recycling. Today Earthwise is working towards its goal of repurposing 100% of polyurethane and bio-based polyurethane waste into high-performing sorbent products.

We are excited to share our story with you and to launch our fundraising campaign on Start Engine. We are making good progress and want to thank those of you who have already invested. Please help us get the word out! 

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