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
EV Hub plans to offer fast charging for fleets of electric cars, vans, and couriers at sites with 15-30 bays each. The company uses the latest stable technology that needs only c.30 minutes per charge in comparison to 1-2 hours ‘Fast’ chargers and overnight for ‘Slow’ home/work charging. EV Hub's goal is to start with London’s 3,000 electric taxis, and it will expand quickly to serve vans, hire cars, minicabs, and couriers. With the proceeds, the company will lease and run two first flagship, high-traffic sites, King’s Cross and Heathrow Airport, which will help boost the working capital to profitability.
days to go:
Expired
investment:
Withheld
A car-sharing platform for drivers to receive an extra income by allowing the local community to drive their cars instead of leaving it idle and unused. Hiyacar has a acquired an exclusive insurance product with AXA and already has more than 2,000 cars enrolled, with the majority located in London and surrounding urban areas with the intention of expanding further in the future.
days to go:
Expired
investment:
£1,431,885
Magway is a sustainable and reliable transport solution that aims to improve air quality and congestion. It is the winner of Innovate UK grant and has been recognised as a top 100 Global Startup. Magway is planning initial revenue opportunity from short routes around airports. Moreover, the company has an agreement in place with a leading engineering firm to plan implementation. It is a high-impact investment opportunity that plans to generate revenues by expanding internationally, transforming delivery around urban centres in the UK, and providing secure goods handling solutions for airports. With the proceeds, Magway aims to accelerate development, register further patents, and build the team.
days to go:
Expired
investment:
£1,344,460
Sonichem responds to climate and environmental demands by developing sustainable chemicals, excluding those derived from fossils or crops used for food. They utilize sawmill waste, transforming the typically discarded woodchips and sawdust into sugars, cellulose, and lignin, essential bio-based chemicals, through their patented and scalable eco-friendly process. Achieving an impressive ratio, they turn £1 of sawdust into nearly £8 worth of these sustainable chemicals. Positioned within the rapidly growing $17 billion bio-based chemicals market, their innovation addresses the rising need for sustainable alternatives in plastics, cosmetics, and various industries, positioning Sonichem at the forefront of the eco-friendly revolution.
days to go:
Expired
investment:
£1,232,585
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
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
SpaceX is an aerospace manufacturer and space transportation services company founded in 2002 by Elon Musk that aims to reduce space transportation costs and eventually enable the colonisation of Mars. The company has developed several launch vehicles, rocket engines and Autonomous Spaceport Drone Ship (ASDS) landing platforms. Its project, Falcon 9, became the first rocket to accomplish a propulsive vertical landing in December 2015. As of March 2018, SpaceX had over 100 launches on its manifest representing about $12 billion (£9.24 billion) in contract revenue. The company has also ventured into providing satellite internet access by launching its Starlink project. As of 13th June 2020, it has launched 540 Starlink satellites. It will soon launch its Interplanetary Transport System (ITS), Starship, to further inter-planetary travel and colonisation. They will use the investment to grow its projects across various verticals.
days to go:
Expired
investment:
£8,752,000
Emission Solutions (EMSOL) empowers organisations to take everyday steps to reduce emissions through their real-time emission monitoring and analytics system. EMSOL's open framework platform is built with networks of sensors like air and noise pollution, vehicle tracking, and working with any asset tags and emission sensors which enables EMSOL to perform real-time measurements with location tags and calibrated sensors. Data from these platforms are easily shared on dashboards, through notifications and gives detailed real-time data on urban noise, air quality, and vehicle pollution. To date, EMSOL won Rushlight Environmental Analysis Award, achieve yearly income targets, rated 5th place in the national PowerUp Index and 4th in the London and South East region. Moreover, EMSOL also won a fully funded project sponsored by DFT to deploy EMSOL technology into the rail sector. The company will use the funds to expand its customer base and increase the number of deployment sites.
days to go:
Expired
investment:
£316,884
Developing ultra-efficient combustion cycles by replacing a conventional engine's mechanical drivetrain with cleaner and compact electrical components. Libertine have created Free Piston Engines that can operate by using either fossil fuels, or renewable energy.
Their products have opportunities to provide benefits in numerous industries and the company has already had discussions with two large automotive firms and OEMs that are interested in utilising the technology. Libertine owns 28 patents and has distributed a license for its product, which is currently generating annual revenue growth of around 90%. Revenues in 2017 totalled £300k.
days to go:
Expired
investment:
£710,970
