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149%
Raised
£149,980
Investors
192
Target
£100,000
Equity
12.00%
Pre-money valuation
£1,100,000

The Circuitree Cirrus smart battery allows intermittent solar energy to be captured and used on demand - allowing flexible dispatch of solar - day and night. Combined with solar, Cirrus home battery solutions can provide up to 80% of a typical home’s annual electricity demand

  • Targeting 800,000 residential solar homeowners and installer networks
  • Listed in Solar Media Energy Storage 100 emergent companies to watch
  • Team have broad experience of delivering renewable energy projects
  • The company has received university innovation funding among awards

Idea

The Circuitree Cirrus smart battery solution allows intermittent solar energy to be captured and used on demand - allowing flexible dispatch of solar - day and night.

From initial MVP sales, we have seen customers benefit from the ability to use up to 100% of their solar generation, at the time of their choosing, that would otherwise be lost to export.

Combined with solar, Cirrus home battery solutions provide up to 80% of a typical home’s annual electricity demand.Utilities benefit from reduced peak demand and a more stable, balanced grid.

For remote applications, Cirrus offers a standalone solution that is cleaner, safer and cheaper than dirty polluting diesel generators.

There are over 800k UK residential solar homeowners, over 1,700 solar installers and many developers, architects and local authorities adopting a sustainability focus.

Our journey so far since Nov 2015:

03/16: Completed Prototype, began MVP sales

03/16: Listed in Solar Media Energy Storage 100 emergent companies to watch

08/16: Joined Entrepreneurial Spark business accelerator

08/16: University of Brighton Innovation Funding

09/16: Exhibited at London Design Festival with ARUP

10/16: People Environment Achievement Award for Technology and feature in BusinessZone's Investibles

10/16: Identified 6000+ solar homeowners within 60 miles of our HQ

11/16: Featured in My Green Pod supplement, distributed with the Guardian.

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Risk warning

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Circuitree has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 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.