Carbon Negative Permeable Pavement System (CNPPS) Limited, an environmentally friendly technology company whose flagship product can potentially save billions in infrastructure expenditure, as well reducing global warming, is now looking to raise up to £100,000 through issuing up to 25% of equity in the company on the Crowd for Angels crowdfunding platform. The company stated:
“CNPPS is believed to be the world’s first carbon negative permeable design and technology for paving hard surfaces such as roads or pavements. Using recycled and carbon negative aggregates, CNPPS is estimated to be 5-8% cheaper than asphalt systems and likely to be the first eco-friendly system globally. Helping to reduce global warming, it is believed that each meter squared paved using CNPPS captures the same amount of carbon as a medium sized tree during its lifetime.”
CNPPS also reported it has been shortlisted as one the ten finalists for the upcoming 2018 Mayor’s Entrepreneur award, a prize which recognizes innovative ideas that can help to solve some of London’s most difficult environmental challenges. Speaking about the campaign on Crowd for Angels, Kamal Farid, Founder and Director of CNPPS, commented:
“This is an opportunity to invest in a truly innovative technology, help to reduce global warming and reduce government deficits in infrastructure construction.”
Funds from the Crowd for Angels round will be used for a second and larger trial to confirm CNPPS’s durability, stiffness, and safety, in addition to testing all the environmental benefits and economic advantages. The tests will be carried out by an accredited material testing laboratory in the UK to obtain the necessary accreditation to be approved by local authorities around the country.
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