Carbon Black System successfully raised £340,000

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Successfully funded

Capital at risk

overfunded

Carbon Black System

105%

Raised: £358,580

Investors: 220

Target: £340,000

Equity: 26.95%

Pre-money valuation: £971,896

At Carbon Black System we are on a mission to change the lives of wheelchair users. We use strong and lightweight carbon fiber to create beautiful chairs that show-off the person not the disability. Your investment will help us to launch our 2nd generation chair into markets both here and abroad.

Aiming to launch in Germany & US in Autumn 2018
Patents and Design Patents granted in US and Europe
Global Wheelchair Market forecast to reach $6.1 billion by 2022
Brand Ambassadors include Paralympic Gold Medalist Kadeena Cox

Idea

The first Carbon Black wheelchair launched in 2012. Press and customers alike were impressed by its radically different look to traditional wheelchairs as it is constructed in a using super lightweight carbon fibre. As the chair was a dramatic move away from more traditional wheelchairs there was a significant cost attached to manufacturing and purchasing a chair - meaning it was financially out of reach for the majority of wheelchair users. The company's vision is to find a means by which we could bring the chair to a much wider audience without sacrificing either looks, build quality or user benefits.

For the past 18 months we have been designing parts, sourcing materials and securing patents for our chairs in the UK, Europe and US. In May 2018 we launched Carbon Black II at a starting price of £3,995, bringing it firmly into line with - and in many cases lower than - competitor prices in the premium manual wheelchair market. This creates a clear & exciting opportunity to really gain some traction in the market for such a unique and desirable product.

We are now raising investment to bring Carbon Black to a much wider community. The investment will be used to roll out across our key markets of the UK, US and Germany, make further innovative developments to our chair and establish our distribution.

The company has loans.

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Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Carbon Black System has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.

Idea

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