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Successfully funded
overfunded
Renovagen
116%
Raised
£405,790
Investors
679
Target
£350,000
Equity
10.40%
Pre-money valuation
£3,500,000

Renovagen develop and manufacture portable solar power systems for disaster response, military and remote commercial operations which are light weight and extremely fast to deploy. Customers include a UN Agency, a major international NGO, Royal Marines and international charity/development projects.

  • Key customers include international NGO's and Government
  • £200k+ in FAST FOLD orders received in the last 5 months.
  • Deployments in Jordan, India, UAE and orders for Kenya, Zambia, and USA
  • £400k R&D contract completed for patented RAPID ROLL system

Idea

Renovagen aim to make energy more available, affordable, secure and sustainable for people around the world. Our portable solar power systems are compact, lightweight, fast to deploy and easy to use.

Our customers, at remote off-grid sites, are less reliant on expensive and insecure fuel deliveries and benefit from reduced noise and pollution. In disaster response, they can power medical equipment and other essential loads. This can be life-saving.

Having previously raised £1.25M, largely invested in R&D, we are now delivering on product orders across UK, Middle East, Africa, India and North America. New capital will enable us to hold more stock, speed up production and position us for growth.

By 2021 the Temporary Power Market is predicted to be worth over $5bn (67% growth vs 2016) - plenty of space for growth with policy support such as "UN Global Plan of Action for Sustainable Energy Solutions for Situations of Displacement" and with customer reactions like this:

“The FAST FOLD system combines simplicity with affordability and can be moved by hand and deployed extremely quickly. Early indications suggest significant fuel savings that have not previously been possible. Despite strict timelines, the Renovagen team engaged with our requirements, facilitated trials and delivered a high-quality end product that met the demands of the project.” – 45 Commando Royal Marines

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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.

Renovagen 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.