P
Purple Alternative Surface
Transforms non-valued plastic waste into permeable surfaces for parking and roadways, promoting circular economy and reducing CO2 emissions
About Purple Alternative Surface
Established in 2020 by Pierre Quinonero and Sébastien Molas, Purple Alternative Surface is a mission-driven company operating at the intersection of the recycling and construction sectors. The venture originated from Quinonero's background as a real estate developer, where he faced increasingly stringent environmental regulations, such as France's 2021 "Climate and Resilience" law, mandating the use of permeable surfaces for projects like parking lots to achieve zero net soil sealing by 2050. Frustrated by the lack of cost-effective and environmentally responsible solutions, he partnered with Molas, a public works engineer who brought the technical expertise and the core idea for the permeable slab.
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The company's core business involves an industrial process that transforms previously unrecyclable, complex plastic and composite waste into patented permeable paving slabs. This approach directly tackles two significant environmental issues: plastic pollution and soil sealing. By upcycling waste that would otherwise be incinerated or landfilled, the company contributes to a circular economy and reduces CO2 emissions; creating one parking space with its solution saves an estimated one tonne of CO2. The modular slabs are designed for use in parking lots, service roads, and pedestrian or cycle paths. Their key feature is permeability, allowing rainwater to infiltrate the ground directly, which helps manage stormwater, reduces flood risk, and replenishes groundwater tables. The hexagonal tiles can retain up to 40 liters of water per square meter.
Purple Alternative Surface operates on a B2B model, selling its paving products directly to professionals in the public and private sectors, including municipalities and major retail and construction companies like Decathlon, Lidl, Suez, and Colas. The company does not handle installation, focusing solely on the product, which is priced between 30 and 50 euros per square meter. A key part of its strategy involves deploying a network of localized "mini-factories" to process plastic waste close to its source, minimizing the carbon footprint associated with transportation. Following a €10 million fundraising round in September 2024, which included a strategic investment from SUEZ, the firm is significantly scaling its operations. This funding supports the construction of new production lines to increase annual capacity to 200,000 m², with a goal of recycling 6,000 tonnes of plastic annually by 2026.
At a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Paris, France
- Employees
- 21
- Open positions
- 2
- Dealroom signal
- 76.3/100
- Industry
- Energy
- Sub-industry
- Waste Solution
- Sector
- Energy, Plastic, Waste Reduction, Sustainable Development Goals, Plastic Pollution, Climate Tech, Circular Economy, B Corp, Clean Industry, observatoire greentech, observatoire industrial tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Sep 2024 | $11M | $44M | Suez Ventures | ↗ |
Growth signals
Latest recorded traffic for Purple Alternative Surface is 1.6K monthly website visits, up 14.3% over the last three months. Purple Alternative Surface's team grew 10.5% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Suez Ventures
Other known investors1 additional known investor
Paris&Co
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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