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Futurepump is a manufacturer of solar powered irrigation pumps for smallholder farmers. Across the tropics, there are an estimated 500 million smallholders, many are struggling to irrigate their land daily. We started commercial sales in 2016 and have sold over 8,000 pumps, with a turnover of $1m last year.

  • Over 8,000 pumps sold since 2016 with turnover of $1m last year
  • Over a billion litres of water pumped so far
  • Solar pump addressable market estimated at $3.5bn by Dalberg report
  • Ashden award for sustainable energy winner 2017

Idea

A farmer sets up his Futurepump SF2 solar water pump in the field
A farmer sets up his Futurepump SF2 solar water pump in the field
George adjusts sprinklers irrigating crops on his one-acre farm in Western Kenya
George adjusts sprinklers irrigating crops on his one-acre farm in Western Kenya
Futurepump customer, Ann, plans to grow her business and become a vegetable dealer in the region now that she can irrigate cheaply and efficiently
Futurepump customer, Ann, plans to grow her business and become a vegetable dealer in the region now that she can irrigate cheaply and efficiently
Futurepump solar pumps can be coupled with hosepipes, sprinklers or drip irrigation to get water to the field
Futurepump solar pumps can be coupled with hosepipes, sprinklers or drip irrigation to get water to the field
On the left, the Futurepump SF2, on the right, the Futurepump SE1 - the most affordable solar irrigation pump for smallholders launched earlier this year
On the left, the Futurepump SF2, on the right, the Futurepump SE1 - the most affordable solar irrigation pump for smallholders launched earlier this year

Across the tropics, there are estimated to be over 500 million smallholder farmers, many of whom are struggling to irrigate their land. Our market analysis shows that irrigation technologies available to these farmers are not economically, socially or environmentally sustainable.

Our patent pending solar water pumps are built to last and are designed to be easily maintained by rural farmers. Our innovative pumps combine solar power technology with remote monitoring systems and robust engineering.

So far, we’ve made an impact by:

• Selling over 8,000 solar pumps since commercial sales began in 2016, reaching $1m of revenue last year (EBITDA $163k).

• Selling through approved, country-level distributors who buy stock direct from our factory with a typical order value of $85,000.

• Raising $3.6 million non-dilutive capital.

The opportunity for growth is huge: the addressable market for solar irrigation pumps was estimated at $3.5bn in a recent independent industry report. And demand for irrigation is on the rise as climate change brings unpredictable rainfall, floods, and drought.

Now is the time to drive down manufacturing and distribution costs and step up our ambitions to reach many more farmers.

We want you to be part of our journey. By investing today, you will help us amplify our message, reach more customers and together we can improve the lives of smallholder farmers globally.

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Risk warning

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.

Futurepump 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.