Advanced Blast & Ballistic Systems (ABBS) is a company that has developed globally patented systems to counteract the forces an armoured vehicle sustains when a mine or Improvised Explosive Device (IED) explodes under it. As per reports, mines and IEDs accounted for over 80% of UK and US army casualties in Iraq & Afghanistan. ABBS believes that its products can keep occupants inside a vehicle completely safe from the aforementioned explosive devices. The armoured vehicle protection market has a value of about $20 billion wherein ABBS aims to be a major contender. The company has received £2 million-plus revenues till date from Research and Development (R&D) grants in the UK, as well as, sold its products to the US Army and Israel with profits worth £145,000 in 2018 and £560,000 in 2019 respectively. It will use the investment to bring its products to more markets globally.
days to go:
Expired
investment:
£445,814
Africa New Energies holds an oil exploration license in Namibia, where it has applied its unique surface exploration method to identify a gross unrisked prospective resource of 1.6 billion barrels of oil equivalent.
days to go:
Expired
investment:
Withheld
Viritech is an engineering company that is using F1-derived engineering to develop hydrogen powertrain solutions and related technologies for the automotive, aerospace, marine and distributed power industries. Viritech asserts that the Hydrogen Council forecasts that hydrogen will meet 18% of global energy demand by 2050. It aims to capture this demand through its technologies. Viritech argues that its location in MIRA Technology Park allows it to access R&D facilities used by major automotive manufacturers, enabling it to scale and meet the demands of every type of project. It has filed patents for graphene hydrogen fuel tanks. Viritech will use the investment to produce test hydrogen tanks, build the Apricale hypercar, complete designs for a Heavy Goods Vehicle (HGV), Sport Utility Vehicle (SUV) and a power generator, plan a larger raise and listing on AQuis Stock Exchange (AQSE) in 2022, and eventually commercialise its technology with its partner.
days to go:
Expired
investment:
£1,061,561
ISO Spaces utilises shipping containers to design and manufacture pop-up portable spaces for many blue-chip businesses including Fever-Tree and Jeep to display and market their products and services. This award-winning company is now ready to enter the modular housing market with more than 500 homes already in the pipeline for 2018.
days to go:
Expired
investment:
£651,950
Carnot is an engineering company that is developing biofuel and hydrogen-powered Carnot engines with the aim of reducing global CO2 levels by 13%. The company asserts that metal engines, unable to withstand fuel combustion temperatures, waste one-third of fuel energy to cooling & have operating efficiencies of only 30%. Carnot argues that its engines can bring operating efficiencies up to 70%, halving fuel costs. It also intends to develop clean, secure, and affordable global off-grid energy solutions and provide disruptive technologies that are both commercially viable and environmentally friendly. Carnot was awarded a £157,000 Innovate UK Grant to develop an energy access solution in Sub-Saharan Africa. It was also awarded a place on OGTC Tech X accelerator, in partnership with organisations like British Petrol (BP), Equinor, and KPMG with a £100,000 funding. The company will use the investment to bump up the maximum theoretical engine efficiency to ~85%.
days to go:
Expired
investment:
£307,911
Aiming to prevent further deterioration and leakage of water and sewerage pipes, Aqualiner has developed their Melt in Place Pipe (MIPP). This patented technology consists of a sock insertion, which when heated, expands and melts onto the inner pipe and forms a solid glass-reinforced thermoplastic layer. This process can increase the longevity of existing pipes and is the only product of this type to be approved to be safe-for-use in drinking water pipes. The UK has more than 251,000 miles of water pipes, where almost 75,000 miles of pipes are classed as damaged.
Aqualiner firstly plans to sell the initial equipment in return for a small profit margin, but the materials and consumables used in the process will be sold to the licensed contractor directly as a second income stream. The third source of revenue is derived from fees charged to International territorial licensors for any Aqualiner sales.
The product has been developed with support from Anglian Water, Severn Trent Water and Yorkshire Water and is approved to be installed in US drinking water pipes.
days to go:
Expired
investment:
£642,471
Greenwall Environmental Group is a company engaged in making devices that can minimise non-biodegradable waste. It argues that asbestos remains the largest occupational killer in the UK today. Its product, Asbestosprobe, aims to change this situation. The company asserts that Asbestoprobe is arguably the world's first handheld analyser specifically designed to detect asbestos in real-time. It argues that current methods of detecting and recording the presence of asbestos are costly, invasive and slow. Asbestoprobe uses a point-and-click approach utilising NIR Spectroscopy and Artificial Intelligence (AI) to analyse the presence of asbestos in two minutes via the Asbestoprobe App. Greenwall plans to provide an annual software licensing model which grows through recurring revenue year on year. It endeavours to be a segment leader in the projected $1 billion global asbestos management market. The company will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£253,017
An engineering parts washing company using environmentally friendly aqueous solvent technology to clean components. As of January 2018, Safe Solvents uses a service model to generate income. The company has currently signed 131 contracts with businesses in the engineering sector and is expecting to sign almost 20 more by the end of their financial year in February 2019.
Safe Solvents has patented their technology and is aiming to achieve an 8% market share within the next 5 years in the UK. The company is now raising funds to expand further in the UK, as well as enter the global market. In addition, Safe Solvents is currently developing 4 new products with many more in the pipeline and the company is also seeking to enter other industries that can benefit from the technology.
days to go:
Expired
investment:
£1,158,520
Thermulon builds aerogels for building insulation and aspires to disrupt the global thermal building insulation market that was worth $30 billion in 2020. It claims that its aerogels are the first to beat the tradeoff between fire safety, thermal performance and price with the ability to fight climate and fire-safety emergencies. Thermulon cites its research with Ryder Architecture stating that using Thermulon's products on a new apartment block could save 100mm in insulation thickness compared to mineral wood and potentially add floor space equivalent to 7 additional 1-bed flats making safe insulation a profitable move for developers. The company was awarded £550,000 in InnovateUK equity-free grants, garnered a project to insulate 10,000 social houses over the next 5-10 years, and has been felicitated with awards from the Royal Society of Chemistry and the Royal Academy of Engineering. The company states it will use the investment to grow its team, file its first patent, certify its product and get Thermulon’s insulation on walls.
days to go:
Expired
investment:
£949,033
ISO Spaces designs and manufactures bespoke modular buildings made from recycled shipping containers. ISO Spaces have previously converted shipping containers into bars, restaurants, retail spaces, offices and accomodation. To date they have worked with some well known brands such as; Jeep, EE and the BBC.
days to go:
Expired
investment:
£448,690
