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Successfully funded
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Pavegen is a breakthrough smart city technology that converts footsteps into electricity and data. Applications include lighting, sensors and data transmission. Sales in 36 countries to retail, smart cities, transport sectors. Raising funds to reduce manufacturing costs, develop the SaaS data platform and grow global sales.
- Growing client list - BNP Paribas, Cisco, Google, Heathrow, TFL, Westfield
- Total revenues £1.78m in 2018 (P&L -£274,576), average deal size £100k
- Data revenues growing fast, 14% in 2018, 0.5 billions steps captured
- 2018/19 Partnerships with Siemens (£71bn) & Hinduja Group (£38bn)
Pavegen has raised £513,000 prior to launching their campaign on Crowdcube which is represented on the progress bar for clarity. This investment is on the same terms as offered to Crowdcube investors. £200,000 may be spent during the course of the campaign.
Idea
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Pavegen’s award-winning technology addresses significant global markets. In 2018, Smart Cities investments totalled £235 billion alone & will more than double by 2023.
Pavegen is the global leader in converting footsteps into electricity & data. Our tech can power off-grid applications like lighting, data transmission & environmental monitoring.
A person on a Pavegen walkway generates up to 5 watts of electrical power per step. The system can connect to phones via Bluetooth mesh, rewarding users for steps, generating permission-based analytics & recurring revenues.
Recent Pavegen installations incl smart city developments, retail destinations, transport hubs & education institutions in Hong Kong, India, Korea, Thailand, UAE, UK & USA. Clients incl Adidas, Intel, Abu Dhabi International Airport, Cisco, Google, Siemens, TFL & Washington DC State Gov.
2019 contracts closed incl a major airport, Middle Eastern medical facility & Hong Kong smart city project.
Our latest model, developed from our last Crowdcube round, won the 2017 Smart Cities Interactive Innovation award at SXSW & the 2018 UK PropTech award. Our projects attract global coverage in publications incl BBC, CNBC, Forbes, FT & Wired.
Investment funds will help us reduce our manufacturing costs & grow our sales & marketing teams to capitalise on significant market opportunities particularly in smart cities, transport & retail.
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