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Successfully funded
overfunded
PALLITE
119%
Raised
£1,196,290
Investors
764
Target
£1,000,000
Equity
12.35%
Pre-money valuation
£8,501,604

PALLITE® design & manufacture award-winning, lightweight, strong & sustainable honeycomb paper pallets, crates & warehouse storage solutions for brands like Morrisons and Kellogg’s. Since Jan 2018 we’ve grown 77% & our range offers greater cost savings & fewer carbon emissions than alternatives.

  • Sales grew 58% in 2018 and have grown 77% in just the last 5 months
  • Proven to reduce carbon emissions by up to 37% vs traditional products
  • Clients include Farrow & Ball, Morrisons, Kellogg's and DHL and more
  • 10 IP-registered & 1 Pending designs across Europe and North America
Information Pallite has currently raised £1,026,330. £250,000 was raised prior to launching their campaign on Crowdcube and this may be spent during the course of the campaign. This is on the same terms as offered to Crowdcube investors.

Idea

Investing in positive environmental impact is good business.

Here at PALLITE®, we’ve proven that our award-winning, lightweight, recyclable & strong paper products can replace traditional pallets & shipping crates.

By making paper into super-strong honeycomb structures, we reduce the weight of transit packaging by up to 83% & consequently carbon emissions by up to 37%. Our goal is for businesses to make significant savings in distribution costs and CO2 emissions.

In 2018, we grew by 58% to £1.1m (Net loss -£1.7m) & momentum continues to build with 77% growth Jan-May 2019 compared with the same period in '18. We already work with well-known brands such as Farrow & Ball, Morrisons, Kellogg's & DHL, & that’s just the tip of the iceberg.

We believe there’s never been a better time to invest:

• 30% of wooden pallet users are considering alternatives.

• UK wooden & plastic pallet market is worth £1.3 billion

• 41.4 million new wooden pallets manufactured each year

• E-commerce growing at 13.65% annually – prime for our new warehouse storage solution, PIX

We’re fundraising to develop new markets including food & FMCG, expand our sales team and scale up manufacturing facilities. We’re aiming to bring forward our breakeven date from 2021 and believe a trade sale or flotation could be realistic exit options.

Together we can reduce the impact of distribution – for today, tomorrow, & the future.

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PALLITE

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Successfully Invested
£689m+
Registered Investors
854k+