A taxi and on-demand delivery service using electronically assisted, high-tech cargo bikes to offer a cleaner, faster and cheaper means of transportation. Pedal Me uses highly trained riders within London to carry almost any load, including two adults, which can all be booked through their app.
Between October 2017 and September 2018, Pedal Me generated revenues of more than £125k. They will be allocating investments towards increasing efficiency and improving pickup times.
Funds in this round will be used to add more bikes, riders and use smarter technology. Pedal Me aims to have more than 30 bikes within a 3-mile radius from the city centre. This will result in reducing pickup times to less than 8 minutes from a booking being placed. In addition, the company will 'stack' delivery jobs, which means one rider will be able to carry out multiple orders in a single journey and will therefore allow Pedal Me to keep prices down for customers. Future plans include expanding the service to the rest of the UK and overseas.
days to go:
Expired
investment:
£352,580
Pedal Me (PM) uses proprietary electric cargo bikes in combination with trained employees to provide a fast, clean on-demand service to help move both people and goods around London. It argues that it trains its personnel based upon the curriculum of the City and Guilds of London Institute creating skilled riders who can carry passenger payloads up to 150 kilos, cargo payloads up to 150 kilos, and trailer payloads up to 300 kilos, respectively, on their bikes, covering distances at a speed motor vehicles cannot match. PM has grown to 50 personnel and 52 bikes since its founding in 2017. It has featured in global print media such as BBC News, Financial Times, and Volkskrant. PM also earned revenue worth £657,000 in February 2021 despite the COVID-19 crisis. It will use the investment to scale and find efficient ways to continue its growth.
days to go:
Expired
investment:
£600,000
Pedals provide on-demand delivery by bicycle in London. Pedals London are currently in talks with a number of large companies that are looking to offer their customers a same-day delivery option.
days to go:
Expired
investment:
£138,310
PIE Mapping (PIE) is an expert provider of mapping and journey planning solutions and a leading player in the fast growing $15 billion Intelligent Transportation System (“ITS”) market. The company provide up-to-the-minute mapping datasets and downloads for routing and software manufacturers based on the PIE Data Exchange offering and platform. We operate the Freight Journey Planner for TfL which is evolving into a B to B national model with a wide array of Smart City Road routing applications.
days to go:
Expired
investment:
Withheld
PyroCore is a waste-to-energy technology company. Its technology, Pyrolisis, burns waste and sludge for 30 minutes at 700-900 degree celsius in the absence of oxygen, which leads to reduction of waste volume by 90%, and the energy output can be used for heat, steam or power generation. It also eliminates the need for landfill sites, reduces carbon emissions, and helps businesses cut down on landfill taxes. The company has partnered with institutions such as Brunel University London and The Association for Renewable Energy and Technology. It has also contributed to charities such as Fresh Water Habitats, ALK Positive UK, and others. It is seeking support for deployment of its technology on sites where safe and easy disposal of hazardous or infectious waste can be undertaken, especially in the wake of Covid-19.
days to go:
Expired
investment:
Withheld
Ripple is a clean energy ownership platform that allows consumers to own a small part of a large scale wind farm and have the clean electricity it generates supplied to their home via the grid. The company makes clean energy ownership affordable for people who rent or live in flats or plan to move home in the future, as well as those that find the £4000-8,000 cost of installing solar panels beyond their budgets. Ripple has been selected to take part in Free Electrons 2020, the global utility start-up program which will enable it to pilot its ownership model outside the UK. The company was awarded the 2019 'Startup of the Year Award' by Seedrs and BusinessGreen technology awards. Ripple is also in talks with Centrica (owner of British Gas, UK's largest utility) about a supply partnership covering household and business customers. They are looking to use the investment on: 27% of it on legal and transaction costs for follow on projects, 25% to develop pilot projects outside the UK, 22% on business costs, 16% on building applications and website management, and 10% on marketing and new product offerings.
days to go:
Expired
investment:
£331,220
Ripple is a platform that facilitates co-ownership of renewable energy sources like wind farms and solar parks for both households and businesses. Their goal is to transform the energy industry by allowing consumers to easily and affordably co-own these assets, providing direct benefits in terms of cost savings and convenience.
days to go:
Expired
investment:
£1,683,160
Riversimple’s purpose it to pursue systemically the elimination of the environmental impact of personal transport. They manufacture and develop environmentally friendly, clean, safe and fun hydrogen cars. Their business model of a "sale of service contract" will mean they never sell a car and customers will have a contract of 1-3 years to include the cover of insurance and fuel. They plan to trial 20 Rasa cars over 12 months in Monmouthshire and are crowdfunding to raise funds towards the build of 10 Beta cars.
days to go:
Expired
investment:
£1,101,348
Riversimple is a vehicle manufacturer and assistance provider exploring ‘next-generation’ electric vehicles. It offers its customers the first inexpensive, fun-to-drive and easy eco-car, delivered with a complete and cost-transparent subscription service. Riversimple has gained an investor base of over 950 shareholders from 21 countries including NZ, Japan, India and many more. The company has already raised over £2M, and its next step is to grow the engineering team and boost the volume of production engineering to enable it to reach commercialisation by 2021.
days to go:
Expired
investment:
£839,958
RootWave is a company that employs electricity to eliminate weeds, providing a sustainable alternative to chemical herbicides for the sake of human health, the environment, and future food production. With global regulators curbing chemical herbicide use due to safety and resistance issues and manufacturers retreating from unprofitable markets due to legal costs, RootWave's patented technology offers improved weed control at a reduced expense compared to herbicides. This approach not only safeguards health but also aids in the ecological restoration of soil, water, and biodiversity, contributing to carbon capture through healthier soils.
days to go:
Expired
investment:
£1,295,810
