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
Kindred is a social enterprise platform working with 25,000 brands and helping over 25,000 charities online through conscious consumption. It has built a browser extension and mobile app that allows consumers to shop online, get discounts, earn cash back and donate a percentage of that cash back to a chosen charity all on one single portal. The company asserts that charities are experiencing a 48% drop in donations in the wake of COVID-19. Since Kindred's launch in March 2020, customers have bought products worth over £3.3 million. The company aims to be a major contender in the social enterprise category. Kindred has raised over £470,000 for charity in 6 months. It has also raised a seed funding of £2.1 million in 2019. The company will use the investment to scale its operations.
days to go:
Expired
investment:
£406,816
Innovate Recycle (IR) is a company that aims to reduce carbon emissions from burning discarded carpets. It asserts that only 2% of the 400,000 tonnes of discarded carpets in the UK is recycled, with the rest going into a landfill or being incinerated. IR further points out that burning waste carpet leads to an estimated CO2 impact of £16 million per annum in the UK. It wants to solve this crisis. IR is building a new carpet recycling plant in Northamptonshire that would be able to recycle carpets into reusable materials. They have already received grant funding of up to £2.35 million. IR claims that a single production line in the plant, at full capacity, can recycle up to 20,000 tonnes each year and generate 12,600 tonnes of polypropylene pellets. It will use the investment to expand to a second production line by Year 4 at the same facility.
days to go:
Expired
investment:
£2,650,000
Pawprint is a behavioural change platform that is on a mission to fight climate change. The platform allows people to measure, understand and reduce their carbon footprint, and fight ‘climate change’ by giving people bite-sized chunks to focus on. It aims to be the middleman, helping brands reach and understand their audience by offering these brands personalised challenges to help their reduce carbon footprint. The market for behavioural change platforms is slowly gaining solid traction with established brands such as Fitbit, Strava, and Calm. Pawprint aims to capitalise on this collective concern and deliver services that help mitigate those concerns.
days to go:
Expired
investment:
£352,440
Naked Energy has developed Virtu which is an evolution of standard solar technology. Traditionally there are two types of technology; one takes the suns energy and converts it to electricity and the other to heat water. Virtu takes both methods and fuses them together to create an efficient heat exchanger with vacuum tube technology. They are now looking to grow internationally.
days to go:
Expired
investment:
£1,200,858
envoPAP is a company that specialises in manufacturing printing and packaging materials from agricultural waste. Started in 2015, the company has achieved £7.3 million in revenues across 45 countries. The European packaging market is valued at over £100 billion and the European Union (EU)are looking to ban some single-use plastic products with effect from 2021, envoPAP aims to capitalise on these developments. The year 2019 saw envoPAP introducing its product 'envoBarrier’- a material resistant to oil, water, and grease which won the 'Packaging Innovation of the Year' at the Business Green Technology Awards. In 2020, envoPAP became a certified B Corporation rendering it a business that balances purpose and profit. The investment will be used to protect its Intellectual Property (IP) and expand its team.
days to go:
Expired
investment:
£381,128
Solivus is a solar technology company that aims to enable mega-buildings, homes and communities to lower their carbon footprint and generate local green energy through the company's proprietary solar solutions. Its patent-pending innovation, Solivus Arc, utilises thin-film solar technology to power homes and electric vehicles. The company asserts that Solivus Arc provides an alternative to rooftop solar and has incredible low-carbon credentials. Solivus aims to also enter the commercial and agricultural markets with its products. It will use 50% of the investment in product development and R&D, 40% in growing its team, and 10% towards legal and marketing costs.
days to go:
Expired
investment:
£1,619,048
Marine Power Systems (MPS) is an innovative renewable energy company specializing in modular floating offshore wind technology, well-positioned to capitalize on the expanding worldwide potential of generating wind energy from advanced floating platforms. They have established revenue-generating agreements and secured significant grant funding, enabling them to further expand their team, enhance their customer pipeline, and undertake new commercial projects.
days to go:
Expired
investment:
£2,880,994
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
Mootral is a British Swiss agro-technology company that has come up with its patented natural feed supplement that significantly reduces methane emissions from ruminants by up to 38%. It claims that cow burps are the single biggest source of methane apart from the oil and gas sector. Mootral argues that its product addresses the above issue. The company teamed up with its flagship UK partner, Brades Farm, to provide them with Mootral for their cattle. Mootral has also earned carbon credits from enteric methane reduction from cattle, averaging >70 € per credit. The company intends to use this to finance the cost of its ruminant and help governments around the world reduce their emission targets. It has also received support from the Swiss Climate Foundation and featured in press entities such as CNN and Sky News. The company states it will use the investment to reach 10% of today's almost 1 billion industrialised cattle by 2030, hire key personnel and develop more climate-friendly solutions.
days to go:
Expired
investment:
£1,868,130
