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Successfully funded
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Convertible round
Rather than investing and immediately receiving shares, in this round payments will be transferred directly to the company and shares issued at a future date. A convertible allows a company to raise funds without having to agree a valuation. For more information please view our FAQs.
Cambridge cleantech Polysolar makes transparent architectural solar glazing. Now finalising a distribution agreement with E.ON, they plan to lead the electric revolution by transforming building & transport infrastructure into renewable power stations. Aim: to rapidly expand capability in the EV carport sector.
- One of the established leaders in Building Integrated Photovoltaic (BIPV) glass
- Existing/current customers include Sainsbury’s & Canary Wharf
- Invested > £1.5m in IP, new products, manufacturing and supply-chain
- Successfully raised £1.3m on Crowdcube in 2018
The Company will be applying to the Future Fund for funding to match the amount raised through Crowdcube. Matched funding will be on the same terms as those being offered to the Crowd. Please see the key terms document below for a summary of these terms.
Idea
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Buildings and construction account for 39% of global Co2 emissions, and road transport a further 33%.
To address this, Polysolar is turning buildings and transport infrastructure into self-generating power stations by substituting conventional construction materials for our high performance solar glazing.
The global market for solar and building glass are substantial; each worth $100bn p.a. We estimate the crossover BIPV glass market is worth $4bn. Added to this, the burgeoning EV infrastructure market is growing at 30% CAGR, (UK EV sales up 200% in 12 months alone), worth more than $10bn globally today.
In addition to our existing range of solar BIPV windows, façades & skylight solutions, Polysolar has invested in new products and third-party manufacturing capabilities to deliver prefabricated modular structures for ease of installation, and an extensive range of EV charging hub canopy & carport solutions.
With established customers like Sainsbury’s & Canary Wharf, we're in the final stages to secure a supply & install agreement with E.ON and have won tenders for EV charging hubs from South Gloucester CC and Lake District National Park Authority.
With a strong team and unique capabilities to deliver a fully integrated architectural solution, we're looking for funding to commercialise what we see as the immediate and significant opportunity in EV charging solar canopies & carports.
