As more businesses turn their attention on the country’s single-use plastic crisis, there are many solutions, but none quite as elegant as a product that doesn't come in any kind of plastic - but requires you to reuse what you have. SINGLE USE AIN’T SEXY markets a dissolving hand soap tablet that is initially sold with a reusable glass bottle. Now, the company has set its sights on international expansion and scaling it’s product offering so is equity crowd funding on Birchal.
The first 24 hours saw over $170,000 registered in expressions of interest, which then doubled and tripled over the following days. By day five the figure had cracked well over half a million dollars and by the end of the first week it reached $700,000 pledged.The expressions of interest pledges have now passed $1,000,000.
“WITH INVESTORS OF ALL AGES AND FROM ALL STATES PLEDGING TO BE INVOLVED, THIS MONUMENTAL GROWTH REALLY PROVES HOW PASSIONATE SO MANY AUSSIES ARE ABOUT OWNING A PART OF OUR PLASTIC FREE FUTURE."
By not shipping water, SINGLE USE AIN'T SEXY are helping our customers minmise their carbon footprint by up to 86%. It is a simple & frictionless way for Aussies to embrace sustainability at home.
The soap tablets retail for just $3 each when purchased in a refill pack of ten. SINGLE USE AIN'T SEXY'S Equity Crowdfunding campaign launched on June 1st on the Birchal Crowdfunding Platform and Australians can still register their interest. The campaign opens for actual investment on 22 June 2021.
Hi Pearl, thank you so much for your comments - greatly appreciated.We have amended the wording to include the words Expression of Interest. You raise a good point as many inexperienced investors may not understand how the process works and I can see how it could easily have been misconstrued. In terms of the EOI quantum, Josh Howard from SINGLE USE AIN'T SEXY has confirmed that over $1 million has bee registered as EOI for investment. Birchal typically sees a pretty high conversion rate, but of course certainty only ever comes with final commitment. Thanks again. Ed
Thursday, 17 June 2021
This article is extremely misleading. The company is only at a expression of interest stage and no one has pledged nor committed to any investment amount. Have you fact-checked the basis of the claim over $1m was raised? If not, I urge you to practice responsible reporting. Outlandish claims like this can mislead less savvy retail investors to buy into the hype without understanding the risks involved.
Thursday, 17 June 2021