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Status: Active

Mar 2nd 2021 - Apr 1st 2021

Futurepump is a manufacturer of solar-powered irrigation pumps for smallholder farmers. The company asserts that its patent-pending solar water pumps combine solar power technology with remote monitoring systems, are built to last, and designed to be easily manageable by rural farmers. It aims to be a contender in the estimated $3.5 billion solar pump market. Futurepump has sold over 8,000 solar pumps since commercial sales began in 2016 reaching $1 million of revenue in 2020, raised $3.6 million as non-dilutive capital, and ensured that only approved, country-level distributors buy its products directly from its factory with a typical order value of $85,000. The company has received the Ashden Award for Sustainable Energy in 2017. It will use the investment to drive down manufacturing and distribution costs to make its products available to more farmers.

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Futurepump Rating Review

Rated on 08/03/2021

Pitch Rated

56%

Insufficient Data

Management

90%

Product

79%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

  • £749,999
    pledged
  • 249%
    of goal

    £300,000
    target

    £4,598,758
    pre-money valuation

    6.12%
    equity available

    1,271
    investors

    £590
    pledge per investor

    08609110
    company number

    Active
    company status

    15/07/2013
    incorporated 8 years

    £1.52
    share price

    Previous Funding rounds
    02 Mar 21 Crowdcube £749,999 / 250% 56.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 90%

Skills 91%
Futurepump Ltd's management team includes skilled professionals with expertise in management, renewable energy, sales, marketing and finance. It consists of an experienced Co-founder/Managing Director, Founder Director, Co-founder/Financial Director, Product Inventor, Sales Director, and Product Manager. The Co-founder/Managing Director is competent in renewable energy, start-ups, energy efficiency, sustainable development and business strategy. He also has prior experience working at the same stage of business growth. The Co-founder/Financial Director is competent in financial audits, year-end financial reporting, financial modelling, due diligence, IFRS and management accounting. The Founder Director is skilled in manufacturing, motors, technology, product development and finance. The Product Inventor is proficient in solar energy, manufacturing, engineering and start-ups. Their Sales Director has the skills to build the brand and increase brand awareness through sales management, marketing strategy, international business, key account management, and new business development. Product Manager skills include water management, research and development, international product development, and agriculture.

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Funding progress



  • £749,999
    pledged
  • 249%
    of goal

    £300,000
    target

    £4,598,758
    pre-money valuation

    6.12%
    equity available

    1,271
    investors

    £590
    pledge per investor

    08609110
    company number

    Active
    company status

    15/07/2013
    incorporated 8 years

    £1.52
    share price

    Previous Funding rounds
    02 Mar 21 Crowdcube £749,999 / 250% 56.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph