What is the benefit or value you're creating for your business?
Our company has developed unique land use models that increase short term revenues and allow for expedient self financed land purchases. We also simultaneously develop bioenergy opportunities with multiple OEM's, with revenues from energy sales, biomass sales, biochar sales, commissions on machine sales, land value appreciation,management fees, licensing fees, commodity sales, timber sales and consulting. This diverse model with multiple cashflows gives us a resilient, lean and flexible company with deep contacts in emerging market LAC countries.
How are you leveraging internal resources (funds, time, knowledge, etc.) to support this initiative?
Ceiba has received a bridge loan that has been used for project development, travel, castor plantings, the establishment of Panama subsidiary, Ceiba Energy Agriculture SA. Our team and advisors leverage over 150 years of Latin American resource and energy project development experience with the political connections and business acumen necessary to execute on these opportunities.
We are finalizing materials for a formal seed round in which we will be seeking $300k in bridge loans to further develop the energy agriculture play and set up two bioenergy pilots, one with wood pellets in Colombia, the other with rice husk in Panama. Individually and as a company our team consults with contracts related to land use, forestry, carbon, and bioenergy in Latin America; reinvesting in Ceiba.
Expand on your answer, explaining the long-term funding and support plan.
We are currently entering a seed round where we are seeking $300k, at least 6 months of runway to vet and secure a pipeline of bioenergy projects in Panama, Colombia and Costa Rica. Once we have chosen two main bioenergy projects and our continued planting efforts, we will prepare all three for financing and will then seek a Series A finance round, most likely with our initial bridge loan investor and thier cohort of investor contacts in a syndicated round.
We will continue to receive funding and management fees based on milestones and successes, and will produce revenue from sales of seeds, oil, biochar, pellets, energy, fuel, and lands. Ceiba has and will continue to perform consultancies related to our core strengths, land use optimization and bioenergy project development in LatAm.
Tell us about your partnerships across your company and externally that are key to your project's success.
Our company has strong interdisciplinary ties with each member dedicated to certain aspects of the diverse agroecosystems -- with ample overlap and sharing in between all members to assure cohesive company culture. We have standing Letter of Intent to purchase our castor seed and oil, as well as timber and other biomass, all with reputable investors. We have competent contacts in every country and have MoU's in place with carbon developers, investors, and offtakers.
What internal support have you gotten for your project? What kind of push-back have you received?
We have received $35k in seed funding and have a cadre of advisors who have worked with us for several years with no compensation. We have received pushback from some investors as they would like to see us targeting larger projects that justify higher transaction costs with less management needed. Our potential investors and advisors give us great guidance in terms of focus and presentation, and are now introducing us to major potential funding sources and clients.