Invest in Rum & Sargassum Inc
Drive Any Car on Sargassum-based Fuel
Highlights
Featured Investors
Environment Next is a leading nonprofit organization working globally to tackle our most pressing climate challenges, finding the leaders and implementing the ideas that will make a difference and help solve climate change.
environmentnext.org“The fact that Rum and Sargassum is a local company producing a local solution to a growing environmental problem and helping to get to a zero-fossil future for Barbados made it a natural fit for us”
View Investment Memo“We have known Nigel and Legena for over 20 years, from the time we were all undergraduates, and have followed the growth of their personal and professional lives with great interest and support. Even from our college years we knew that they both possessed a unique combination of factors that result in exemplary character. Not only do they both possess a wealth of natural capacity and intelligence but their integrity, great dedication, and determination to excel at whatever task is in front of them has built a fantastic foundation for success. Their unwavering commitment to values-based business and innovation gives us great confidence in their leadership of Rum & Sargassum. We believe that a good idea is not worth much outside of the ability to track the idea and push it forward within an atmosphere and culture of integrity and surrounded by like-minded individuals who can provide wise and appropriate council. Finding other voices to provide information that is specific to the field, in addition to providing forward looking and anticipatory sight is key future developments in the business. Over the years we have had many conversations with Legena and Nigel regarding the development of Rum & Sargassum and have always been impressed with the levels of additional input they have sought in various stages of development. They have a multi-national group of formal and informal advisors who provide needed stability and insight. We are confident that they will continue to leverage the strength of the community surrounding them to add to and enhance their own specific talents.”
Our Team
Transforming the Discarded into Power
Rum and Sargassum Inc, transforms local waste products into powerful renewable fuel!
Our flagship product uses a patented formula to turn rum distillery wastewater, Sargassum seaweed, and sheep manure, into a sustainable energy fuel (RNG) that can power regular gasoline cars after a one-time, same-day, affordable CNG kit installation.
One day, in what at then seemed liked just another lecture in renewable energy systems at UWI Cave Hill, one student pointed out that the average household in Barbados cannot currently afford to join the renewable energy era by either discarding their existing car and buying an electric vehicle. That took us on a memorable journey that resulted in the birth of an alternative fuel option that turns what is now an invasive species threatening our way of life into a technology that can power the electric grid, our transportation networks and cooking gas stoves all over the island.
We're also partnering with the University of San Diego to prove that local waste in other markets can produce similar results.
Challenge Accepted: The Caribbean pays the highest fuel costs on the planet, keeping us one stride slower than an increasingly industrialized world. In Barbados specifically, it costs USD 103 to fill up a regular 13 gallon tank of gas! That affects the cost of everything. At the same time, Sargassum seaweed invades beaches, disrupting our most abundant natural resource and the region's economic, social, and environmental stability.
"No Brainer" Market Opportunity: Barbados aims to be 100% fossil fuel free by 2030-2035, making it all but mandatory for the 120K+ internal combustion vehicles to be either somehow discarded or upgraded to an sustainable option.
Help us complete the journey.
This is an exciting time as we're out of the lab and now in the field! In May we released our first prototype which is powering a gas stove in a local high school, and on July 6th we will invite the world to see the first ever vehicle to drive on Sargassum.
We are offering you an opportunity to contribute to our USD 1.9M seed round that will fund our pilot, build our customer base of early adopters, and enable researching, planning and building capacity for our commercial scale biogas plant.