Throwing batteries in the trash is a big no-no for a reason. When they leak into groundwater, it becomes toxic. When they get crushed at trash facilities, the cathode and anode often separate, resulting in an instant fire or an explosion.
Despite this, how many single-use batteries end up in landfills, rivers and incinerators each year? One million tons. And it's only going to get worse unless humanity finds a way to get rid of single-use batteries altogether. One startup you can invest in today is working to make that a reality, and it's reporting some interesting numbers.
With over 60 years of combined product development experience, the founders of Pale Blue Earth know how to build a lucrative product. Pale Blue Earth's revenue has grown by 180% year over year to reach $3.3 million.
What's its solution for human addiction to single-use batteries? Rechargeable lithium-ion batteries. They perform the same or better than their single-use counterparts and save consumers hundreds or even thousands of dollars over the years.
Unlike many others on the market, Paleblue batteries can be recharged 1,000 times, using a USB charger. So far, the company has sold over 1 million units, but its potential for growth is still immense. The total obtainable market is estimated to be worth $17 billion, while the total battery market is projected to grow an average of about 10% per year.
If the company captures even a small slice of that market, its early investors will see sizeable profits. But Pale Blue Earth's founders will continue doing their best to maintain the company's exponential growth. Last year, it had 30 domestic retail locations — a number that's ballooned to 350. Pale Blue Earth also has a presence on Amazon.
The company's vision is slowly becoming a reality, as its solution is cheaper and more convenient than previous attempts at rechargeable batteries. You can do your part to make its vision a reality faster. While an opportunity to invest in a company like this used to be reserved only for venture capital firms, you can invest in it with as little as $200.
Click here to invest in Pale Blue.
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