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Levistor has gained a license to patented, flywheel energy storage technology, which is being further developed to enable electric vehicles to get 100 miles of charge in 5 minutes. Their plan is to produce a modular, easy to install solution, that will enable ultra-fast charging countrywide; from rural countryside garages to urban coffee shops.

  • Designed to enable ultra-rapid electric vehicle charging
  • Core technology development has been supported with £880k from Highways England
  • Flywheel technology does not degrade with use (unlike Lithium-ion batteries)
  • Patented technology with unique safety and cost advantages

Idea

We at Levistor have developed patented, flywheel energy storage technology through our time together at City University, London. Levistor now holds the license to facilitate the commercialisation of this technology. The unique design allows the flywheel to spin faster than the speed of sound levitating on magnetic bearing technology.

By 2030, nearly all new vehicles will be electric but according to a survey by Kwikfit, the no.1 thing stopping motorists switching to an EV is a lack of fast charge points & subsequent range anxiety. Therefore, significant investment into the world's grid infrastructure is needed; in the UK alone, this could be up to £45B.

We plan to install our flywheels near new EV charging points; charge from the grid when there are no cars, before discharging them into the fast-charge EV's on arrival. The aim is to charge in 5 minutes (300kW), rather than the 30 minutes (50kW), which is currently considered fast.

- Highways England has supported the core technology with a grant of £880k.

- 2 patent families covering the UK, Europe, Japan and China (pending in US).

The technology was tested at City University and the Levistor test facilities using a 37kW flywheel. We are now currently building a 100kW demonstrator unit.

We're raising funds to build prototypes to prove the product in a commercial setting & work to secure advance orders for our production machines.

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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.

Levistor 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.