Karshare connects renters with owners, giving those with cars the opportunity to earn extra income while those in need of a car can rent from their local community. The company aims to unlock community car sharing by tapping into the estimated 10 million cars parked at UK airports each year and 38 million vehicles parked on UK streets. Karshare's platform features telematics and keyless technology allowing for cars to be booked instantly and unlocked using facial recognition. Karshare has a TrustScore of 4.9/5 and 852 reviews. It has onboarded partners such as Allianz Insurance, OCTO Telematics, Rentalcars.com, and RAC. Karshare has featured in press publications like The Times, Huff Post, BBC and Evening Standard amongst others. The company will use 25% of the investment for business operations, 45% for growing the business, and 31% for developing User Experience (UX) and functionality.
days to go:
Expired
investment:
£1,444,182
Velorution is an electrical cycling retailer with products designed for urban environments. They currently own 3 stores with a combined turnover of £500k. The company is raising funds to grow their business by increasing the number of permanent retail locations in 2019. In addition, they are planning to increase brand awareness by partnering with other businesses. Current collaborations include Selfridges and Lululemon, where Velorution cycles are showcased at their concessions and pop-up venues.
days to go:
Expired
investment:
£543,090
CoachScanner connects companies and people looking for coach or minibus hire with local reliable operators. Since launching in March 2016 bookings are taking place with over 800 active Operators and the size of the industry in the UK has reached £2.7 billion.
days to go:
Expired
investment:
£79,090
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
Evaclite manufactures dynamic exit signs designed to make buildings safer and save lives. The company argues that its products are 77% more visible than conventional exit signs and reduces congestion at exits by 36%. The company received the 2018 FIREX - Fire Innovation of the Year Award. It also won the Safety and Health Excellence (SHE) Award in 2019 and 2020. Evaclite counts companies like Apple, CBRE, BBC, Melia, and MetroBank amongst its clients. The company has inquiries from over a dozen countries globally with a 12-month sales opportunity pipeline of over £1.5 million. It will use 60% of the investment to build its sales team, 28% to boost its inbound marketing campaign, 7% to develop additional intellectual property, and 5% towards overhead and general costs.
days to go:
Expired
investment:
£148,736
MGN Builders Merchants is a well-established, profitable, and a fast-growing builders merchants and skip hire based in London and Essex. It offers same or next day delivery on thousands of building products kept in stock at all times. Having served 50,000+ customers in 2018 (81k EBITDA), the company's client base includes small to medium-sized companies, private developers and DIY customers. In the last three years, the company has trebled its revenue from £2.5m in 2016 to £7m by January 2019, achieving an almost 100% sales increase YoY. MGN is raising funding to accelerate its rapid growth plans, expand its team, start selling online, and launch concrete delivery service to capture UK's £34bn construction supplied wholesale market.
days to go:
Expired
investment:
£114,260
Carnot is developing hydrogen engines with key components manufactured from ceramics able to withstand fuel combustion temperatures, eliminating the need for cooling systems and doubling the efficiencies of modern engines. The company argues that modern engines waste on average one-third of fuel energy to cool systems that stop metallic components from melting. Carnot claims that its engines eliminate this waste doubling efficiency, halve fuel costs and CO2 and achieve net-zero operation by operating on biofuels and hydrogen benefiting the long haul transport, marine and primary off-grid power markets. Carnot has raised over £600,000 including a pre-seed round in 2020 for £357,000 at a pre-money valuation of £2 million, a £300,000 Innovate UK grant and another £300,000 Eureka Eurostar’s grant. Carnot has a 5-year, 3-phase exit strategy and will begin licensing its IP at the end of 2023 at which point it will begin generating revenue. It will eventually look for acquisition from one of its manufacturing partners in 2025 after demonstrating industry acceptance of its technology.
days to go:
Expired
investment:
£262,500
Flooring Hut is a UK-based technology company that aims to disrupt the UK flooring industry valued at £2bn in 2017. Touted as the smarter way to buy new carpets & flooring, Flooring Hut has made 24,000+ online sales across domestic and trade sectors by building a huge network of independent installers. The company's USP is to connect a disjointed market and allow customers access to value products, samples, leading brands and a suitable, vetted local installer to perform the work. The key to its success to date has been a consistent and reliable mix of pricing, availability, and selection. Till date, the company has 786 registered trade customers, 140+ Flooring Hut Installer Network of members, and 12,000 products available for sale. With the proceeds, the company will develop its self-service platform functionality for customers and expand its reach on social media and affiliate marketing.
days to go:
Expired
investment:
£57,077
Hybrid Air Vehicles (HAV) is a company that is aiming to make air travel sustainable and carbon-free. It's product, Airlander, is the world’s first full-scale hybrid aircraft. By 2025, the company estimates that Airlander will fly with up to 90% fewer emissions than other aircraft. The market for Airlander technology is estimated at over US$ 50 billion over the next 20 years. HAV is focusing on securing launch orders for the production of Airlander 10, it's all-electric aircraft, from commercial and defence contractors. The company has featured in publications such as The Telegraph, Financial Times, BBC, GQ and Robb Report. HAV will use the investment to underpin its operations and contract discussions during Covid-19 recovery.
days to go:
Expired
investment:
£1,900,490
Viritech is a clean technology 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 access to R&D facilities used by many of the world's major automotive manufacturers, allowing it to scale its resources to meet the demands of every type of project. 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:
£726,807
