Path

Path

The first Purified Water in a Refillable Bottle, instead of traditional single-use plastic.

HQ location
San Francisco, United States
Launch date
Employees
Enterprise value
$120—180m
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DateInvestorsAmountRound
-investor investor investor investor investor

€0.0

round
*

$30.0m

Series A
Total Funding000k
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Path, formerly known as Pathwater, is a beverage company providing a sustainable alternative to single-use plastic water bottles. Founded in 2015 by Shadi Bakour, Amer Orabi, and Ali Orabi, the company is headquartered in Fremont, California. The idea originated in 2014 when the founders questioned the prevalence of single-use plastic in the bottled water aisle. This led to an initial investment from friends and family in 2015, and by 2016, the first hybrid reusable and recyclable aluminum bottle was produced in California.

The company's core product is purified water packaged in BPA-free, 100% recyclable, and infinitely refillable aluminum bottles. Path offers still, sparkling, and alkaline water options, all featuring added electrolytes. The still water undergoes a 7-step reverse osmosis filtration process, while the alkaline version has a pH of 9.5+. The company has since expanded its offerings to include flavored sparkling waters and accessories like swing caps and sleeves. A key aspect of their business model is the emphasis on reuse, positioning their product not just as bottled water, but as a durable container designed to be refilled multiple times. To minimize its carbon footprint, Path utilizes localized manufacturing and bottling facilities across North America, Europe, and Asia.

Path's business model encompasses direct-to-consumer sales through their website and a significant retail presence. As of late 2022, their products were available in over 60,000 retail locations, including major chains like Whole Foods, Sprouts, CVS, 7-Eleven, and Walmart. A substantial revenue stream is its co-branding program, "Partnering to Save the Planet," which allows corporations, hotels, schools, and even individuals to create custom-designed bottles. This B2B strategy has led to partnerships with notable organizations such as Orangetheory Fitness, Dropbox, SpaceX, the Sacramento Kings (NBA), and Yellowstone National Park. The company has also engaged in collaborations with major brands like Mattel (Barbie) and Nickelodeon (SpongeBob SquarePants) to create limited-edition bottles, making sustainability appealing to a younger demographic.

Financially, Path has attracted notable investment. After an initial friends-and-family round, the company secured a $30 million Series A funding round in September 2022, led by Altos Ventures. This capital was aimed at scaling production, expanding its retail footprint, and supporting a new East Coast manufacturing facility. Celebrity investors such as Kevin Hart, Ryan Seacrest, and Guy Fieri have also backed the company, enhancing its public profile. The company's estimated annual revenue is approximately $44.5 million. Keywords: refillable water bottle, aluminum bottle, sustainable packaging, plastic alternative, bottled water, co-branding, corporate partnerships, beverage industry, environmental sustainability, reusable products, purified water, alkaline water, sparkling water, electrolyte-enhanced, CPG, retail distribution, eco-friendly products, B2B sustainability, zero-waste, circular economy

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