Traction / Documented evidence
Seven years of groundwork
before the first institutional euro.
GI Group has spent years developing the model, commissioning feasibility work, engaging municipalities and evaluating production technology. Today, that preparation includes Letters of Intent and supplier and construction offers.
Current position
There is not yet an operating GI portfolio, operating revenue or a signed customer contract. Stage 1 is intended to turn preparation into operating proof.
01 / Documented
On paper today.
Evidence of preparation. Not an operating asset portfolio.
- Letters of Intent LOI
- 106,500 m²Total in Letters of Intent
Letters of Intent, not signed customer contracts.
- Government of Republika Srpska LOI ·
- 47 public buildings · 100,000+ m²
The strongest current public LOI evidence. These buildings are not current GI operating assets.
- GI Group d.o.o. Registered
- Company registered.
Company formation is documented separately from operating proof.
- 2022 feasibility study Feasibility ·
- Completed feasibility work and technical reference.
The reference complex is not a GI operating project.
- Machinery / supplier / construction offers Offers / Technical preparation
- Production technology evaluated; machinery, supplier and construction offers obtained.
Offers are not signed supply or construction agreements.
Government of
Republika Srpska
- Public buildings
- 47
- Building area
- 100,000+ m²
Letter of Intent, not a signed customer contract.
Documentary evidence of intent. No operating portfolio or customer revenue is implied.
02 / Groundwork
Preparation, over time.
- Since 2018
Business-concept development
Long-term preparation of the model and engagement with municipalities. This describes the development work, not the operating history of the registered company.
Feasibility work
A completed study provides a technical reference for the model.
Government LOI
The Government of Republika Srpska Letter of Intent, dated 22 October 2025, covers 47 public buildings.
- Current
Technical and site preparation
Production technology evaluated; machinery, supplier and construction offers in place. Public materials describe site / land reservation. Reservation is not ownership: GI does not currently have a land ownership document.
03 / Open
Not on paper yet.
These proof points remain open. They are not presented as completed achievements.
- Signed customer contractOpen
- GI Group operating revenueOpen
- Signed fuel-supply agreementOpen
- Signed construction agreementOpen
- Signed burner-supply agreementOpen
- Land ownership documentOpen
Identified or reserved land is not owned land. Offers and preparation documents do not replace signed agreements.
04 / Readiness boundary
Prepared to move.
Not yet operating.
Feasibility work, evaluated technology, machinery proposals, supplier and construction offers, and site planning support the next investment decision.
They do not establish an operating factory, a revenue-generating heating portfolio or signed operating agreements. Stage 1 is intended to create that operating proof.
Next milestone / Stage 1
Future objective — not current traction
Preparation becomes
operating proof.
- Projects · Stage 1 objective
- 30+
- Under contract · Stage 1 objective
- 30,000+ m²
What Stage 1 is designed to prove
These are intended outputs of the next stage. The factory and installations are not operating today.
- An operational factory
- 30 revenue-generating assets
- Proven unit economics
- A bankable project portfolio
- A pipeline for 450+ projects
Capital / Evidence
From preparation
to the first asset base.
The €7M Seed round is intended to convert the current preparation into the first operating asset base.
Explore the investment plan, or request Data Room access to review the supporting evidence.