Tocircle Industries
Providing innovative solutions to recover wast heat from industrial process.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
NOK6.0m | Grant | ||
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (67 %) | 638 % | 15 % | (20 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (169 %) | (857 %) | (59 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (174 %) | (974 %) | (102 %) | (111 %) | (148 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Tocircle Industries is a Norwegian startup that specializes in developing innovative technology to recover waste heat from industrial processes. The company operates in the energy efficiency sector, focusing on industries that are both energy and emissions intensive. These industries include manufacturing, chemical production, and other heavy industrial sectors where large amounts of heat are generated and often wasted.
The core technology of Tocircle Industries is its two-phase rolling piston rotating machines. These machines are designed to capture excess heat produced during industrial operations and convert it into usable energy. This not only helps in reducing the environmental footprint of these processes but also enhances overall energy efficiency, leading to cost savings for the clients.
Tocircle Industries serves a variety of clients, primarily large industrial companies looking to improve their energy efficiency and reduce emissions. The company’s solutions are particularly attractive to businesses that are under pressure to meet stringent environmental regulations and those looking to cut operational costs by making better use of their energy resources.
The business model of Tocircle Industries revolves around the sale and installation of its waste heat recovery systems (WHRS). Additionally, the company may offer maintenance services and technical support to ensure optimal performance of their systems. Revenue is generated through the sale of these systems, as well as through ongoing service contracts.
In summary, Tocircle Industries is positioned at the intersection of energy efficiency and environmental sustainability, offering cutting-edge technology to help industrial clients reduce waste and improve profitability.
Keywords: waste heat recovery, energy efficiency, industrial processes, emissions reduction, rotating machines, Norwegian startup, environmental sustainability, cost savings, heavy industry, innovative technology.