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Successfully funded
Capital at risk
overfunded
Powervault
276%
Raised
£1,574,810
Investors
1262
Target
£750,000
Equity
20.43%
Pre-money valuation
£8,083,548

An innovative and award-winning home battery system, Powervault can lower electricity bills by 20%. Since its previous rounds on Crowdcube, the company has grown its team to 18 employees, implemented a scalable manufacturing solution and lined up a new product launch for later this year.

  • Battery supply agreements signed with Nissan and Renault
  • Trials underway with UK Power Networks and energy supplier Tonik
  • Innovate UK-funded recycled battery trial with M&S Energy
  • Addressable market of millions of homes with smart meters and solar PV

Idea

Powervault manufactures and operates its award winning, cloud-connected home energy storage appliances, which we estimate can lower electricity bills by up to 20%. Powervault stores low cost electricity from solar panels or the national grid, and releases this stored energy at peak times. We’re targeting ~1m homes with solar PV, and utilities installing smart meters to homes, a market forecast to grow to 20m in five years.

Other achievements include:

• Cloud-based smart grid/smart tariff system trialling with utilities including UKPN, discussions with Tonik & M&S

• Multiple battery suppliers including Nissan agreement to supply low cost recycled and new lithium ion batteries

• Coverage in Times, Telegraph, Guardian, Bloomberg, Radio 5

• Scalable, outsourced manufacturing facilities

• Next generation product scheduled to launch in 2017 delivering (from our calculations) ROI of >15% with recurring revenue streams, unlocking access to product financing and enabling our “storage as a service” product

• Team grown from 7 to 18

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7.  Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear.  Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
 
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Successfully Invested
£689m+
Registered Investors
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