This site uses cookies. By using this site you agree to receiving cookies. View Policy.

233%
Raised
£1,165,910
Investors
1118
Target
£500,000
Equity
4.46%
Pre-money valuation
£25,000,000

Backed by Centrica (British Gas) and mentored by Google, Verv has developed an intelligent energy assistant, smart home product, using high speed energy analytics and machine learning to bring existing appliances to life. With 6 patents filed, Verv has sold units to British Gas, EDF & Allianz.

  • Invested in by Centrica (Owner of British Gas), mentored by Google
  • No Smart plugs and no installer necessary
  • Govt. funding for creating a P2P, blockchain energy trading platform
  • 6 patents, 11 full time machine learning specialists, 27 employees

Idea

Verv's (Green Running Ltd) intelligent energy assistant has been designed with the aim to change the way we interact with the electrical devices in our home.

Verv's plug and play product samples your home electricity 1 million times a second (ahead of the government smart meter standards at every 5 to 10 seconds), creating an ultra-high resolution of your energy usage for Verv's energy monitoring AI to pinpoint each appliance turning on or off in your home.

These are just some of the ways Verv could benefit homes across the UK:

1) Being able to look at your electricity bill and see the exact cost/usage breakdown on every appliance in your home.

2) Automatically receiving an alert on your phone if a critical device has been left on for too long (e.g. hair straightener, iron) or if there is activity in your home when you're not there.

3) Being remotely alerted if an electrical appliance has broken down (e.g. a dishwasher), with the problem remotely diagnosed (i.e. new motor required).

4) Peace of mind that elderly relatives are safe (no significant change in routine - i.e. kettle being boiled in the morning) without being intrusive.

Verv has 1 granted patent for non-intrusive electrical monitoring at high speed, and a further 5 patents filed on novelties, ranging from better appliance detection, blockchain (a peer-to-peer energy trading platform) and new hardware.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

To see the rest of the Verv pitch, join now. It's free, quick and easy.

Due to financial regulations, you need to join our community to view the full investment opportunity.

Join

Already registered?
Log in

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.

Verv 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.