Company Name
AEROX ADVANCED POLYMERS, S.L.
Activity
High Performance Polymer solutions for Wind Turbine Rotor blades
CIF
B98632573
Sector
Wind Power
Address
C/Ausias March, 13a - La Pobla de Vallbona (Valencia)
Web
www.aerox.es
EPM Joining Date
14/10/2019
Creation Date
08/04/2014
Founders Raúl Cortés Fibla - Cofundador Enrique Cortés Fibla - Cofundador
Auditor
Ernst & Young, S.L.
Investors email contact
epm@aerox.es
Presenting Partner
Big Ban Angels
Company profile
Aerox Advanced Polymers, S.L. (Aerox) is a Valencian SME founded in 2014 whose activity is focused on research, development, commercialization and implementation in the production processes of its clients, of advanced coating systems and high-performance adhesives for the manufacture and protection of wind turbine blades.
Aerox emerged as a spin-off of QMC's wind power division, a company that has been present in the polymer and compound market for different industries for over 30 years. Since its incorporation in April 2014, the company has based its strategy on the development of innovative solutions aimed at the wind power sector, a niche market with a marked growth trend in which there are a small number of manufacturers and suppliers. In this sense, Aerox has managed to position itself as a regular supplier for two of the most important wind turbine manufacturers, such as Vestas, or SiemensGamesa, with global market shares of 18.04% and 15.71%, respectively; as well as for one of the largest manufacturers of wind turbine blades globally, TPI Composites. Aerox technology has been validated by the world's largest wind turbine blade manufacturers, in more than 2,000 blades.
Aerox currently commercializes its products in Asia, North America and Europe and has subsidiaries in the United States and China.
On the Road to BME Growth
Relevant data
| (thousand of Euros) | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Net worth | 2.816 | 3.475,83 | 3.849 | 4.146 |
| Net business turnover | 5.954 | 7.404,14 | 6.006 | 8.083 |
| Financial debt | 720 | 7.533,57 | 755 | 765 |
| Ebitda | 1.403 | 1.008,23 | 685,62 | 1.190 |
| Net Profit | 945 | 731,87 | 556,94 | 467 |
| Average number of employees | 13 | 17 | 18 | 18 |
Investment Rounds
| Date | Status | Amount | Minimum Ticket |
|---|---|---|---|
| 28-12-2015 | Closed | 118.000 | 0 |
| 30-11-2018 | Closed | 500.000 | 0 |
Business Model
Aerox's business model consists of custom development, homologation and commercialization of high-performance polymers used in the manufacture of large blades designed to be mounted on high-power wind turbines.
This is a B2B business model in which, after the approval of the product under the standards of each manufacturer, the negotiation is carried out directly with the purchasing department of these Companies.
Competitive advantage
Aerox is focused on the wind power sector and has the necessary technical and organizational capacities to respond quickly and efficiently to the needs of blade manufacturers.
Aerox’s adhesives and coatings are aimed at reducing blade manufacturing times and costs. This is possible thanks to the high specialization of the staff and the extensive knowledge that the company has of the wind sector and of the different processes involved in the manufacture of blades.
Scalability
Aerox’s business model is scalable both by increasing the range of products used in the manufacture of blades and by increasing the market share within the companies that provide blade manufacturers with polymer solutions.
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