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Successfully funded
Capital at risk
overfunded
Pavegen
255%
Raised
£2,429,900
Investors
1829
Target
£950,000
Equity
8.55%
Pre-money valuation
£26,000,000

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)
Information 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

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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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.

Pavegen 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.

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Crowdcube Capital Ltd is authorised and regulated by the Financial Conduct Authority (No. 650205).