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Successfully funded
overfunded
Symmetrical Power
389%
Raised
£233,600
Investors
788
Target
£60,000
Equity
13.47%
Pre-money valuation
£1,500,000

Symmetrical Power is developing an innovative solution addressing the issue of energy wastage. With a UK patent having been granted and a potential global market, Symmetrical Power will use your investment to advance their pioneering ID Board.

  • Shell Springboard 2018 regional finalist for new low-carbon ideas
  • Catapult has verified that phase balancing can improve efficiency.
  • Have held discussions with electrical supplier The Hager Group
  • UK Patents granted in September 2016

Idea

Our research indicates that 3 Phase Electrical Distribution Boards are inefficient; e.g. if the power usage is 99 amps, in theory, it should be divided equally 33 amps per phase, but we believe the existing boards in use cannot divide loads like this, resulting in excess energy usage & excessive CO2.

Symmetrical Power is in the process of creating the ‘Intelligent Distribution Board’ (ID Board) which aims to prevent the challenge of peak demand whilst saving on energy bills. Our intention is for the ID Board to offer enhanced versatility, safety, low maintenance costs & CO2 mitigation as a by-product.

We believe our ID Board will create a step-change in this industry & potential worldwide market which is expected to be valued at $5.91b by 2021.

We’ve created working models, received positive concept feedback from electrical specialists Erudite & Kewtech, produced CAD Designs for Manufacture & held discussions with a supplier of electrical solutions - Hager Group. We have independently verified through Catapult that phase balancing can improve efficiency & secured granted a UK patent & have made applications for EU & India.

Our goal is to create a sustainable future through efficient use of energy. Funds raised will help complete design & begin distribution in Europe, with the aim of positioning us as the go-to Distribution Board provider.

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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.

Symmetrical Power 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.