Share
100% funded by 382 investors
Fashionable Waste
Barcelona, ES
instalment
monthly
term
5 years
yearly interest
5.85%
risk rating
C+
Financing the growth strategy for a Spanish upcycling brand.
Description
Vaho is a sustainable fashion brand and upcycling veteran from Barcelona, that has dedicated itself for the last 20 years (since 2001) to recovering advertising banners and giving them a second chance as sustainable handbags and accessories.
This is GoParity's first campaign for a Spanish promotor.
During the Covid-19 pandemic, Vaho was forced to close its selling points and is now resorting solely to online sales. Now, Vaho's intention is to reopen a physical shop and boost production to become more efficient and grow to other European markets.
To reach these goals, Vaho will need a total investment of 52.000€, of which 20.000€ will be financed through GoParity. This funds to be obtained through this campaign will be used for:
- Increasing production;
- Expanding installations
- Creating additional lines of production in order to be more efficient;
- Increasing stock for their B2B clients and for their website;
- Adapting their website to be able to sell to top-quality marketplaces around Europe;
- Open a physical store in Spain.
- Set up selling points in several physical shops.
The Impact
Direct:
- Waste reuse and reduction: to produce 20.000 bags and accessories Vaho uses 186 tons of materials that would go to waste. Since its foundation, the company has upcycled almost 4.000 tons of waste for its products. The materials that are upcycled are banners used for marketing and publicity, coffee packages, or truck and bicycle wheels. Vaho has institutional agreements with multiple museums, municipalities, and fairs, helping them reduce their waste as well.
- Local, handmade, and low-impact production: all the production processes take place locally in Spain. Local action and engagement are one of the organization’s main focuses. Vaho uses natural substances for the cleaning process (such as vinegar) and the assembly of the pieces is handmade.
- Jobs creation: through the expected growth of the company, they expect to generate at least 4 new direct jobs in the coming years.
Impact Indicators
4
jobs created
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
This project will finance the growth and expansion of the company's activity. The loan will be repaid using future revenues from their regular activity, meaning sales of products and accessories designed and produced by Vaho. These sales are expected to increase due to the investment for a boost in production and expansion of the activity to other markets.
Additionally, the funds through GoParity represent only a portion of the total investment (co-financing).
Download Key Investment Information Sheet
The Promoter
About VAHO UPCYCLE, S.L.
Vaho found its purpose in transforming waste created from marketing and advertising into useful and fashionable products. Every day thousands of banners are removed from the streets and discarded, for over 20 years, Vaho has dedicated itself to upcycling these single-use materials into bags, backpacks, handbags, wallets, and other accessories. More recently the brand also started to use other materials such as coffee packages, or truck and bicycle wheels, to make handbags.
Although currently there are other brands doing similar work, Vaho was the first in the world to employ a model to re-use advertising posters and bicycle wheels, by giving them a second life as useful and beautiful bags and accessories.
The company is concerned about every step of its manufacturing process. From cleaning the materials, which is carried out with vinegar in local associations, to making the final products, in their own facilities and in collaboration with other sustainability-focused projects in the Barcelona region.
Vaho frequently cooperates with municipalities, museums, and private organizations that share the same commitment to innovation and sustainability.
Business Model
Vaho creates and sells sustainable products using waste as its primary material.
Currently, they are in the process of expanding their e-commerce, re-opening a physical shop in Barcelona, and setting up selling points in several shops.
Active since
2001
Fiscal country
ES
Operating In
"Spain and Europe"
Industry
Apparel
Number of Goparity Loans
1
Women Shareholders
No
Website
https://vaho.es/en/Updates
2021-12-17
First payment
First instalment was paid to all the investors
2021-11-15
100% funded
373 investors successfully raised 20.000€
2021-11-11
Open for investment
This campaign is open for investment
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