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Successfully funded
93%
Raised
£117,490
Investors
135
Target
£125,000
Equity
0.00%
Pre-money valuation
£400,000
  • Currently selling on Amazon for £74.99
  • Totally portable and charges devices from flat up to 3x
  • Wireless-charging market is expected to grow to $22.5bn by 2022
  • Raising funds for sales and marketing activity
Information Owing to ongoing discussions with investors, the campaign has been extended by 1 week and will now end on the 21st of March.

Idea

Wireless charging in the vast majority of cases is NOT wireless, as devices need to be connected to a plug socket, which ties you to the wall. So we created a product that is is truly Wireless and completely portable.

Tec Avenue have designed an out of the box, high powered wireless charging device that is compatible with all QI enabled modern smartphones. It also comes with a QI adapter for mobile phones without the induction charging capabilities. It's totally portable and charges devices from flat up to 3x.

Jim McGregor, (Tirias Research analyst), said in an interview, "If we are not in the market where the majority of devices have wireless charging within five years, then we've done something critically wrong." According to Grand View Research, the wireless-charging market is expected to grow to $22.5 billion by 2022, up from $1.87 billion in 2014. The number of devices enabled with wireless charging will exceed 200 million units a year for the first time in 2016, according to the latest IHS Markit forecast. Driven by shipments in mobile phones and wearables, this represents a 40 percent increase over 2015 levels.

Our CTO Nicolas Scirocco, a PhD candidate specialising in wireless power transmission technologies at Cambridge Universitywho is joining Tec Avenue as a director, is leading the R&D process on solar and distance charging - a key focus of future innovations.

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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.

Tec Avenue has submitted their plans to raise money, details of their structure and trade etc. to HMRC and is awaiting advice on whether the share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax reliefs.

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.