Invicta Water

Invicta Water

Early Stage

Water Treatment

Water Treatment

Overview

Raised to Date: Raised: $399,000

Total Commitments ($USD)

Platform

Netcapital

Start Date

07/17/2023

Close Date

04/26/2024

Min. Goal
$10,000
Max. Goal
$400,000
Min. Investment

$99

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$5,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,410

Momentum
Funded
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Year Founded

2023

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

BURLINGTON, North Carolina

Business Type

Growth

Invicta Water, with a valuation of $5 million, is raising funds on NetCapital. The company has developed the technology to remove and destroy per-and poly-fluoroalkyl substances (PFAS) from water in an economical, environment-friendly, and safe manner. Invicta Water’s technology uses catalytic crystals to capture PFAS molecules and destroys them using UV energy. The company is initially targeting municipality wastewater and drinking water and industrial waste streams and will soon expand into in-home use. Steve Wilcenski founded Invicta Water in January 2023. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $400,000. The campaign proceeds will be used for engineering design and development, sales and marketing, capital equipment, administrative and legal expenses, and intellectual property.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/17/2023
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Analyst Report

Synopsis

Access to clean and safe water is a fundamental human right, yet many communities around the world face challenges in ensuring the quality of their water supply. One significant issue is the presence of per- and poly-fluoroalkyl substances (PFAS) in water sources. PFAS are harmful "forever" chemicals that can have adverse effects on human health and the environment, while never disappearing naturally. Removing and destroying PFAS from water is a critical challenge that requires innovative solutions.

Invicta Water is a company that has developed a groundbreaking technology to address this problem. Its state-of-the-art catalytic crystallization process effectively removes and destroys PFAS from water in an economical, safe, and environmentally friendly manner.

The potential impact of Invicta Water's technology is significant. With the ability to treat water contaminated with PFAS, the company is targeting the United States PFAS Analytical Instrumentation market. This addressable market represents a substantial opportunity for Invicta Water to provide a much-needed solution to water treatment facilities and other entities dealing with PFAS contamination.

The current fundraising campaign on the NetCapital platform aims to support Invicta Water's engineering design and development, sales and marketing efforts, capital equipment acquisition, administrative and legal expenses, and intellectual property protection. The funds raised will be crucial in advancing the technology and bringing it to market.

Invicta Water's current valuation is $5 million, and the company is offering equity shares to new investors. The minimum investment amount is $99, with a round maximum of $400,000. This crowdfunding campaign provides an opportunity for investors to support a company with a mission to address a pressing environmental issue while potentially generating financial returns.

Next Section: Price

Price

Invicta Water is offering equity at a $5 million valuation, with a price per share of $1.00. This valuation seems reasonable considering the company's early stage and the potential impact of its technology. Invicta Water has developed a unique solution to remove and destroy per- and poly-fluoroalkyl substances (PFAS) from water in an economical, safe, and environmentally friendly manner. PFAS contamination is a significant issue globally, and the United States PFAS Analytical Instrumentation market represents a substantial addressable market for Invicta Water's technology.

While Invicta Water has not generated any revenue to date, the company is negotiating for its first pilot installation at a waste treatment plant in North Carolina. It is important to note that Invicta Water is still in the pre-product development phase, and there are inherent risks associated with early-stage companies.

Considering the capital-intensive nature of the business and the need for further development and commercialization, the $5 million valuation appears reasonable. However, investors should carefully evaluate the potential risks and rewards associated with investing in an early-stage company like Invicta Water.

Next Section: Market

Market

Invicta Water operates in the niche market of PFAS (per- and poly-fluoroalkyl substances) destruction from water. PFAS contamination is a significant issue, with over 133 million people exposed to PFAS through their water supplies and over 57,000 PFAS contaminated sites in the United States alone. This has led to a surge in PFAS-related lawsuits, with over 6,000 cases filed since 2005. The need for effective and efficient PFAS removal solutions is evident.

Invicta Water has developed a unique technology that addresses this problem. Its state-of-the-art catalytic crystallization process removes and destroys PFAS in an economical, safe, and environmentally friendly manner. This technology sets Invicta Water apart from its competitors and positions it as a leader in the market.

The addressable market for Invicta Water is the United States PFAS Analytical Instrumentation market, which is estimated to be worth $1 billion by 2030. This market includes the measurement and analysis of PFAS contamination in water, a crucial step in effective water treatment and health protection. Invicta Water's technology aligns perfectly with the needs of this market, providing a comprehensive solution for PFAS removal and analysis.

Currently, Invicta Water does faces direct competition in the market. Aquagga, Aclarity, and Battelle are already operating in the PFAS removal space. As the market potential for PFAS removal continues to grow, it is likely that more competitors will emerge.

Overall, Invicta Water operates in a high-growth market with significant market potential.

Next Section: Team

Team

Invicta Water was co-founded by CEO Steve Wilcenski and COO Jason Taylor. Both founders have previous experience working together at BNNano, a nanotechnology manufacturer of boron nitride nanotubes. Wilcenski and Taylor bring a wealth of knowledge and expertise in the field of nanotechnology, which is highly relevant to Invicta Water's product offering.

Wilcenski has a strong background in business development and commercialization of nanotechnology. He has held various leadership positions in the industry and has experience in managing research and development projects. Wilcenski's expertise in nanotechnology will be instrumental in driving the development and commercialization of Invicta Water's technology.

Taylor, on the other hand, has a background in engineering and operations. He has experience in managing manufacturing processes and optimizing operational efficiency. Taylor's expertise will be crucial in ensuring the smooth production and delivery of Invicta Water's technology.

With their shared founder experience and complementary skills, Wilcenski and Taylor form a strong leadership team for Invicta Water. Their experience in nanotechnology and their dedication to the company's mission make them well-suited to drive the growth and success of the business.

While the team at Invicta Water is currently small, the founders have demonstrated their ability to attract relevant advisors to support the company's growth. These advisors bring additional expertise and industry knowledge to the team, further strengthening Invicta Water's capabilities.

Overall, the Invicta Water team, led by experienced founders with a strong background in nanotechnology, is well-positioned to develop and commercialize their innovative technology for removing and destroying PFAS from water. Their expertise and dedication make them a valuable asset to the company's growth and success.

Next Section: Differentiation

Differentiation

Invicta Water operates in the energy, power, and natural resources industry, specifically focusing on the removal and destruction of per- and poly-fluoroalkyl substances (PFAS) from water. Invicta Water's technology is not new and it faces competition from companies like Aquagga. Aquagga, in fact, has already generated revenue and won the first prize at the Environmental Protection Agency's "Innovative Ways to Destroy PFA" challenge.

Invicta Water's technology is similar to other established solutions in the market. However, Invicta Water does face barriers to entry due to the complexity of the technology, indicating that it may be challenging for new entrants to penetrate the market.

Although Invicta Water is still in the early stage of development and does not have any paying customers or partnerships, the company has completed small-scale prototyping and is negotiating for its first pilot installation at a waste treatment plant in North Carolina. This indicates progress towards real-world implementation of its technology.

Next Section: Performance

Performance

Invicta Water is an early-stage company that is still in the development phase. The company has developed a technology to remove and destroy per- and poly-fluoroalkyl substances (PFAS) from water in an economical, safe, and environmentally friendly manner. However, Invicta Water has yet to demonstrate that its technology works in the field.

Invicta Water is currently negotiating for its first pilot installation at a waste treatment plant in North Carolina. The company has completed all small-scale prototyping and is ready for a real-world installation. This pilot installation will be a critical milestone for Invicta Water to prove the effectiveness and viability of its technology.

Financially, Invicta Water has not generated any revenue to date. The company's most recent monthly burn rate is $20,000, indicating its ongoing expenses.

Invicta Water operates in the energy, power, and natural resources industry, specifically targeting the United States PFAS Analytical Instrumentation market. The competitive landscape in this industry is moderately competitive, with other companies offering solutions for PFAS removal and destruction.

Overall, Invicta Water is still in the early stages of development and has yet to demonstrate the effectiveness of its technology in the field. The success of its first pilot installation will be crucial in validating the company's solution and attracting potential customers and investors.

Next Section: Risk

Risk

Investing in Invicta Water carries several risks that potential investors should be aware of. Firstly, the company is still in the pre-product development phase, which means there is a significant amount of uncertainty regarding the successful development and commercialization of their technology. This introduces technical and execution risks, as there is no guarantee that Invicta Water will be able to build a functional and market-ready product within a reasonable timeframe.

Additionally, Invicta Water operates in a moderately competitive market with direct competitors such as Aquagga, Aclarity, and Battelle. These competitors have similar or alternative technologies for removing and destroying PFAS from water. The presence of established competitors poses a challenge for Invicta Water in terms of market share and customer acquisition.

Another risk factor is the long sales cycle and the need for a significant amount of time to scale both production and sales and distribution. This indicates that Invicta Water may face challenges in generating revenue and achieving profitability in the near term. The company's lack of revenue and annual revenue growth further highlight the uncertainty surrounding its ability to generate sustainable income.

Furthermore, Invicta Water has no existing partnerships, which may hinder its ability to access necessary resources, distribution channels, and customer networks. The absence of partnerships could also limit the company's market reach and slow down its growth potential.

Lastly, while Invicta Water has a high market acceptance due to its unique technology, the company's moonshot status introduces higher risk. Moonshots are typically high-risk, high-reward investments, and there is no guarantee that Invicta Water will achieve the desired level of success or market penetration.

Overall, investing in Invicta Water involves risks associated with product development, competition, revenue generation, scalability, partnerships, and the inherent uncertainties of a moonshot investment.

Next Section: Bullish Outlook

Bullish Outlook

Invicta Water claims to be able to address the critical issue of per-and poly-fluoroalkyl substances (PFAS) in water. PFAS are persistent and harmful chemicals that pose significant health and environmental risks. Invicta Water's catalytic crystallization technology offers a unique and effective solution to remove and destroy PFAS in an economical, safe, and environmentally friendly manner.

The market potential for Invicta Water's technology is high, given the increasing awareness and regulatory focus on PFAS contamination. The United States PFAS Analytical Instrumentation market represents a significant addressable market for Invicta Water's solution. With no other method or company offering a comparable solution, Invicta Water has a clear competitive advantage in the market.

Invicta Water's valuation of $5 million reflects the market's recognition of the transformative impact that Invicta Water's technology can have in addressing the PFAS contamination crisis.

Although Invicta Water does not have any current users or partnerships, the high market potential and the uniqueness of its technology present significant opportunities for future collaborations and customer acquisition. As the regulatory landscape continues to evolve and the demand for PFAS removal solutions grows, Invicta Water is well-positioned to capture a substantial market share.

With high barriers to entry and a capital-intensive nature, Invicta Water's technology and potential market dominance create a compelling investment opportunity. While the company is in the early stage of development, the critical environmental impact of its solution makes Invicta Water an attractive prospect for investors seeking both financial returns and positive environmental outcomes.

Next Section: Bearish Outlook

Bearish Outlook

Invicta Water operates in a highly competitive market with several direct competitors, including Aquagga, Aclarity, and Battelle. These competitors have already established their presence and may have a head start in terms of market share and customer relationships. Invicta Water will need to differentiate itself significantly to gain traction and capture market share from these established players. Without any partnerships or users to showcase the effectiveness of their technology, Invicta Water may struggle to convince potential investors of its competitive advantage.

Furthermore, while Invicta Water claims to have developed a technology that removes and destroys PFAS from water in an economical, safe, and environmentally friendly manner, the company does not currently hold any patents to protect its technology. This lack of intellectual property protection exposes Invicta Water to the risk of competitors replicating its technology or developing alternative solutions that could render Invicta Water's offering obsolete.

Additionally, Invicta Water is still in the pre-product stage, meaning it has not yet brought its technology to market. This lack of a tangible product and revenue stream raises concerns about the company's ability to generate meaningful revenue in the near term. Without a proven track record of generating revenue or user adoption, potential investors may hesitate to invest in Invicta Water at its current valuation of $5 million.

Lastly, while the company's monthly burn rate is currently at $20,000, indicating that it is not currently spending significant amounts of cash, the capital intensity level of the industry is high. Developing and commercializing water treatment technologies requires substantial investments in research and development, manufacturing, and marketing. Invicta Water will need to secure significant funding to support its growth and compete effectively in the market.

Next Section: Executive Summary

Executive Summary

Invicta Water is an early-stage company focused on developing a groundbreaking technology to remove and destroy per- and poly-fluoroalkyl substances (PFAS) from water. PFAS contamination is a significant issue, with millions of people exposed to it through their water supplies and thousands of contaminated sites in the United States alone. Invicta Water's solution offers an economical, safe, and environmentally friendly method to address this problem.

The company is currently in the pre-product development phase, with small-scale prototyping completed. Invicta Water is negotiating for its first pilot installation at a waste treatment plant in North Carolina, indicating progress towards real-world implementation. The market potential for Invicta Water's technology is high, given the widespread PFAS contamination and the increasing number of PFAS-related lawsuits.

While Invicta Water faces competition from companies like Aquagga, Aclarity, and Battelle, its unique technology and focus on environmental impact investing set it apart. The company has not raised any prior funding rounds or secured partnerships, but it is seeking funds to support engineering design and development, sales and marketing, capital equipment, administrative and legal expenses, and intellectual property.

Invicta Water is currently raising funds on NetCapital at a valuation of $5 million. The company's moonshot potential and the critical need for effective PFAS removal solutions make it an attractive investment opportunity. However, investors should be aware of the high capital intensity and the moderately competitive landscape in the industry.

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Invicta Water on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $1.00

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