Pavegen was founded in 2009
as a start-up from Loughborough University and morphed into an innovative
CleanTech company, with its headquarters in the London district of King’s
Cross. They manufacture and develop innovative flooring technology that
provides renewable electrical energy by converting kinetic energy from
footsteps. The potential of this groundbreaking technology can be better
appreciated when one imagines a smart city where our daily electrical
appliances are powered by the collective footsteps of the public or where a
concert is solely powered by the energy generated from the footsteps of the
audience.
In order to expand their operations, Pavegen
systems posted its product technology on Crowdcube, a crowdfunding site, with a
target of 750K GBP. Just after two days, they were able to realise their target and by the end of the 45 days of the crowdfunding campaign, they were able to
surpass their target of 750K GBP by 275% from over 1555 investors making a
whooping 2,062,540 GBP You can read insights from Laurence Kemball-Cook, the founder and CEO of Pavegen, with his 5 tips for a successful crowdfunding campaign.
In the
pipeline, Pavegen is set to deploy an installation minutes away from the White
House in Dupont Circle, Washington DC. It has also gained acceptance in over 30
countries, with 100 major installations, and as a result, has been able to
generate a cumulative revenue of
over 2.5M GBP. Major installations have been done in Heathrow Terminal 3, other
public places and shopping malls across Europe.
Pavegen
chose Crowdcube as its crowdfunding platform to achieve its ground breaking
crowdfunding investment of over 2M GBP. Crowdcube is one of the world’s leading
investment crowdfunding platform, allowing people and investors to fund
start-up, early stage and growth businesses through equity and investment fund
options.
Laurence
Kemball-Cook, founder and CEO of Pavegen, said in an interview: "As we
continue to expand globally and create value for our current shareholders, we
will be looking to close a larger venture capital round in the near future.
Crowdfunding has enabled us to reach this next stage of growth far quicker than
conventional forms of raising finance."
We are particularly proud of
Pavegen's milestone because we have known them for several years and indeed
they received early advice from Amoo Venture Capital Advisory, back
when Laurence was still starting out. As lead advisors, Amoo
was material to Pavegen’s first capital raise, and we still believe there
is a lot more to come from this exciting alternative energy company. And the
crowd thinks so too.
See what someone likes, comments and follows on Insta with Snoopreport ... No need to download Insta stalker app, Snoopreport Instagram tracker will show photos and videos in the world.
ReplyDeletePavement is a company launched in 2009. This is a very useful company because the services which they are providing by https://www.paraphrasinguk.com/reword-my-essay-in-uk/ are awesome. They are using the kinetic energy produced by the footsteps of the person into electrical energy.
ReplyDeleteGreat job you did as I saw your new blog which gives positive feelings and encourages me in my future steps. Thanks for uploading this detailed post. This blog is easy to capture subscribers and attract the reader. I am feeling proud to be your subscriber; your post is so amazing. Keep it up. Pay Someone To Do My Research Paper
ReplyDeleteI have been looking for ways to raise capital for my new non-profit startup. I think crowdfunding is a good idea. But I guess it won’t get me enough cash. I am looking for Ph.D. Dissertation Topics in Finance right now, and once I am done finding the right topic, I will get it approved and hand over my dissertation to experts. Then I will think of the most effective way to raise capital for my non-profit.
ReplyDeleteCan you share some flooring designs for the office? I am opening a company that will provide students with Phd research article writer for publication of their articles and I want my office to look aesthetic as the workplace environment has a huge impact on employees’ performance that’s why I am looking for aesthetic flooring for my office.
ReplyDeleteThat's quite informative post, and much helpful for begineers actually I am freelancer and doing many projects, and also I am student and get much help from History Essay Writing Service, and also recommend to other student.
ReplyDeleteYou have a genuine capacity to compose a substance that is useful for us. You have shared an amazing post about Secrets of Crowdfunding for Non Profits.Much obliged to you for your endeavors in sharing such information with us.
ReplyDeleteYou did an excellent job, as I observed your new site, which provides me pleasant sensations and motivates me in my future steps. Thank you for posting such an informative information. I am aback end development services provider with web design bolt. This site is simple to subscribe to and attract readers. I am honoured to be your subscriber. I want my office to look nice because the workplace atmosphere has a big impact on staff performance, which is why I'm seeking for nice office flooring.
ReplyDeleteAwesome post Gameboy Advance Games
ReplyDelete