Pavegen Systems Smashes Crowdfunding Record


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.

Comments

  1. Pavement 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.

    ReplyDelete
  2. Great 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

    ReplyDelete
  3. I 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.

    ReplyDelete
  4. Can 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.

    ReplyDelete
  5. That'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.

    ReplyDelete
  6. You 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.

    ReplyDelete
  7. You 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.

    ReplyDelete
  8. If you follow the recommendations of experts, even a novice will be able to use modern flooring technology and cope with pavegen systems. In my opinion, you need to be familiar with Buy Dissertation Online and how to prepare cement or concrete pavers.

    ReplyDelete
  9. I am very thankful for this informative blog. You done very nice work in this blog. I really got a lot of information in this blog. Now it's time to avail HALFCASTE CREAM SET for more information.

    ReplyDelete
  10. Pavegen Systems is a very amazing company. I have used their services and they made me so satisficed. I will definitely recommend them. Now it's time to avail vacuum sealer bags for more information.

    ReplyDelete
  11. It is very impressive that a single startup that is Pavegen is gaining so much crowd fund . I have been working on a startup but my studies and assignments does not allow me to work on that and just because of that I Buy assignment online uk and does not these things to interfere .

    ReplyDelete
  12. Wow, the news about Pavegen Systems breaking crowdfunding records is truly impressive! Their innovation is paving the way for a sustainable future. Speaking of groundbreaking advancements, I've also been following the latest developments in healthcare, including Hormone Replacement Therapy Dubai. It's fascinating to see how technology and science are transforming various industries. Keep up the great work, Pavegen!

    ReplyDelete
  13. If you're planning Moving to uk, consider making it stress-free with JustBoxIt. Their reliable and efficient moving services ensure a smooth transition to your new home. From packing to delivery, JustBoxIt takes care of all the details, making your relocation a seamless experience. Trust JustBoxIt to handle your move with professionalism and ease, allowing you to focus on the excitement of starting a new chapter in the UK

    ReplyDelete

Post a Comment

What are your thoughts?