Allium announces $3.25 Million Seed round
Summary
Allium plans to use the funding to produce more than a thousand tons of stainless clad rebar within the next two years and to enable the construction of longer lasting bridges and other more resilient infrastructure across the United States. Steve and Sam are building a critical innovation for infrastructure generally, but especially for coastal roads and bridges known to corrode in salty environments, said Steven Fox who led the investment for Propeller. With this first-of-a-kind capability, Allium will continue working with its domestic steel partners to fulfill orders across the U.S., with planned projects in Florida, California, Virginia, and Indiana. Jepeal and McAlpine were able to spin the technology out of the university in 2022, with wide ranging support from a number of programs including: , , ; grants from the , , and the ; and early investment from the , , and .Allium Engineering is a climate-technology startup focused on solving critical challenges with the durability and sustainability of our infrastructure. This technology promises to more than triple the lifetime of key infrastructure like bridges, all while avoiding emissions from two of the worlds largest CO2 sources, steel and concrete production.