04Investors
Fund validation. Enable scale.
This page brings together Etat'H Solide's investor film, decks, traction detail, management outlook and current financing targets.
The ask
October 2026 target
$300K
Commercial milestone financing
December 2026 target
$3.0M
Seed round
Expandable to $3.5M. Additional to the $300K.
Financing targets are uncommitted. CVC remains a separate, uncommitted track and is not counted as cash.
See the financing targets01Investor film
The case in 3 minutes 20 seconds.
The film covers the cost problem, the technology, the evidence, traction, the business model, the outlook and the raise.
Decks
Investor decks.
Etat'H Solide's investor decks are available in English and Korean (September 2026). Both are confidential and intended for prospective investors.
02Traction
Where each program stands.
Etat'H Solide has a paid proof-of-concept order from a global top-five automotive supplier and a packaging proof-of-concept selection, alongside a strategic-program diligence and a pipeline of materials discussions and evaluations.
Global top-five automotive supplier
Paid PoC order · $30K
LOI · PO · VENDOR REGISTEREDNEXT
U.S. validation reserved as a second phase; a second business unit and a CVC track are under discussion.
Nestlé
Selected for a packaging PoC · confirmed 29 Sep 2026
NEXT
PoC proposal preparation.
POSCO IMP
Advanced to final due diligence
NEXT
Final selection pending.
- Current evaluations
- Subaru (second evaluation) · SAPA (PoC preparation)
- Materials discussions
- Dow · BASF. No completed material trial, joint development agreement, paid order or endorsement.
- Earlier evaluations
- Yanfeng · Gentex · LG · SK · Hanwha
03Outlook
Projected growth, 2027–2029.
Management projects revenue of $6.2M in 2027, $50.9M in 2028 and $126.3M in 2029, from in-house parts sales, derived technology products, equipment sales, royalties and paid PoCs.
Revenue segments
- Derived technology productsProducts that apply the team's injection-machine design and construction know-how. Product-sales revenue, not equipment or licensing revenue.
- Paid PoCsCustomer trials of $30K–$100K per project
- In-house parts salesParts made on Etat'H Solide's own production lines
- Royalties20–30% of verified customer savings
- Equipment salesEcoFoam and EcoMold equipment for external customer lines
| Year | 2027 | 2028 | 2029 |
|---|---|---|---|
| Equipment sales | 1.20 | 9.60 | 28.80 |
| Royalties | 0.31 | 3.08 | 12.94 |
| In-house parts sales | 3.33 | 24.00 | 50.75 |
| Paid PoCs | 0.21 | 0.12 | 0.00 |
| Derived technology products | 1.18 | 14.07 | 33.77 |
| Revenue (USD) | $6.2M | $50.9M | $126.3M |
| New customer lines | 8 | 64 | 192 |
| Customer lines, cumulative | 8 | 72 | 264 |
| Own production lines, year-end | 12 | 36 | 66 |
What the projection assumes
- 01New external customer lines of 8, 64 and 192 a year (264 cumulative by 2029).
- 02Own production lines growing to 12, 36 and 66 by year-end.
- 03The $300K milestone financing and the $3.0M seed, both uncommitted.
- 04Up to $4.20M of additional net funding for the 2028–29 expansion, beyond the assumed financing. The model does not assume this capital is received.
- 05Customer orders, sites and manufacturing capacity in line with the rollout. Royalty fees are set per contract as a share of verified savings.
04Use of funds
Use of funds: $300K.
The targeted October 2026 financing would fund execution of the Tier-1 order, the next paid program, U.S. deployment and core execution.
- Execute the Tier-1 PO$120K40%
- Next paid program$90K30%
- U.S. deployment$60K20%
- Core execution$30K10%
05The ask
$300K now. A $3.0M seed next.
Etat'H Solide is targeting $300K of commercial milestone financing in October 2026, followed by a $3.0M seed round in December 2026, expandable to $3.5M.
- October 2026 target
$300K
Commercial milestone financing
- December 2026 target
$3.0M
Seed round
Expandable to $3.5M. Additional to the $300K.
Investor enquiries: damian@etathsolide.co.kr