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Centaur Robotics aims to bring to market the first of a new generation of its personal electric vehicles (PEVs). A product to empower and change the social perceptions of individuals challenged with mobility issues, they are raising investment with the aim of moving to full scale production by the end of 2020.

  • Over £420,000 raised to date from HNWIs and Angel Investors
  • Led by a team of executive, formerly of Ford, Oracle & GlobalLogic
  • Trade marks, design rights and significant IP patent pending
  • Targeting the global wheelchair market, set to be worth $7.5bn by 2024

Idea

Centaur Robotics’ first product, The Centaur, is a personal electric vehicle designed to transform the lives of those with mobility issues.

Basic wheelchair designs have not changed for 100+ years. They are functional but are unfriendly, reinforce social stigma and hamper social interaction. A self-balancing vehicle, the Centaur has a turning circle one third the size of most competitors and has been designed to enable unprecedented manoeuvrability in confined spaces.

The device also has drop arms, designed to make the experience of sitting at tables much more comfortable. And its high rise function enables higher reach for shelves/worktops. We believe that the Centaur is a stunning piece of human-centred design that will usher in a new era in personal mobility.

Globally the Electric Wheelchair market is set to grow by 7% p.a. and will be worth $7.5 billion by 2024. The demand for electric wheelchairs is expected to rise steadily in the advanced economies, this is mostly because of the overall increase in the elderly population and their increasing affluence.

The team has identified a number of significant commercial opportunities, initially in care homes and hospitals where the need for increased mobility and independence is heightened and is raising investment to complete the final pre-production phase and plan to get to full scale production by the end of 2020.

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Centaur Robotics 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.