The European Innovation Council Fund signs a financing agreement with Pipes.One

The agreement with EIC will allow Pipes.One to promote their mobile pipeline laying technology globally. 

Pipes.One has developed a groundbreaking solution to overcome the problems of conventional laying of infrastructure polymer pipelines, such as high energy consumption, slow project implementation, CO2 emissions and big capital spendings.

The agreement with EIC will allow Pipes.One to promote their mobile pipeline laying technology globally. 

Due to the Grant financing from European Innovation Council fund the Company has built, tested and certified the unique mobile unit for the production of no pressure polymer pipes 600 mm to 2000 mm diameter right on the construction site.

“Our pioneering technology allows for faster, cheaper implementation of industrial pipeline projects for sewage, drainage, irrigation systems while ensuring a substantial reduction of CO2 emissions”, says Pipes.One CEO, Sergey Sereda.

For construction companies around the world the mobile pipe manufacturing units could become the predominant way of laying the pipelines just like mobile concrete mixing units or mobile asphalt plants. 

“We are happy to participate in this financing round for Their solution reduces the use of raw materials and allows for a significant decrease in CO2 emissions during the production process. EIC Fund’s investment will allow to scale up and promote their solution globally”, said Svetoslava Georgieva, Chair of the EIC Fund Board.

About Pipes.One 

Pipes.One group consists of a parent company, Pipes.One Mobile Equipment Limited (Ireland), and two subsidiaries: Dominion Private Enterprise (Ukraine) and Pipes.One Base Plant (Poland). Pipes.One is currently raising financing EUR 2,000,000, including EICF investment EUR 800,000. 

About EICF

The European Innovation Council Fund from the European Commission is an agnostic Fund: it invests across all technologies and verticals, and all EU countries and countries associated to Horizon Europe. It provides the investment component of the EIC Accelerator blended finance.

The EIC Fund aims to fill a critical financing gap and its main purpose is to support companies in the development and commercialisation of disruptive technologies, bridging with and crowding in market players, and further sharing risk by building a large network of capital providers and strategic partners suitable for co-investments and follow-on funding.

The Fund pays particular attention to the empowerment and support of female founders, as well as the ambition to reduce the innovation divide among EU countries.