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Manufacturing and Retail

Marine Power Systems

Status: Active

Jun 21st 2021 - Aug 4th 2021

8 days left

Marine Power Systems (MPS) states that it has developed a technology that can harness wind power, wave power or combined wind and wave energy at grid scale. It argues that governments worldwide are looking for alternative sources to meet global energy consumption needs. MPS endeavours to usher in an energy revolution and become a contender in the floating offshore energy market that is set to be worth over $100 billion by 2035. MPS claims to have successfully tested its medium-scaled prototype in the ocean, demonstrating the ease of transportation, deployment, and showcasing the devices ability to generate grid compliant electricity. The company has been awarded a £12.8 million grant by the European Union (EU) to deliver a full scale, grid-connected commercial demonstrator in 2022. It says it will use the investment to conduct its final phase of development and testing before taking its devices to market in Q1 of 2024.

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Marine Power Systems Rating Review

Pitch rating powered by CROWDRATING

Rated on 15/07/2021

Pitch Rated

54%

Insufficient Data

Management

77%

Product

85%

Investment

UNRATED*

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

  • £3,338,120
    pledged
  • 166%
    of goal

    £2,000,000
    target

    £63,025,469
    pre-money valuation

    5.03%
    equity available

    2,123
    investors

    £1,572
    pledge per investor

    06669123
    company number

    Active
    company status

    11/08/2008
    incorporated 13 years

    £17.91
    share price

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 77%

Skills 82%
The Marine Power Systems management team comprises skilled professionals whose published LinkedIn profiles include management, technology, product, and finance expertise. The company has an experienced team that consists of a Co-Founder/CEO, a Co-Founder/CTO, and a Financial Controller. The team is led by their CEO, a dynamic and driven business leader with a passion for marine renewables. He holds a Ph.D. in Mechanical Engineering and is skilled in renewable energy, capital raising, negotiation, strategic planning, and project planning. The CTO is a Ph.D. holder in Philosophy, competent in leadership, project management, Start-ups, entrepreneurship, and business strategy. The Commercial Director specialises in project engineering, operation management, customer service, customer relationship management, and operations management. It was noted that there is no dedicated Marketing head in the team at this stage of fundraising. Their Financial Controller manages the company's finances, who specialises in intelligence analysis, contingency planning, project management, crisis management, and team leadership.

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  • £3,338,120
    pledged
  • 166%
    of goal

    £2,000,000
    target

    £63,025,469
    pre-money valuation

    5.03%
    equity available

    2,123
    investors

    £1,572
    pledge per investor

    06669123
    company number

    Active
    company status

    11/08/2008
    incorporated 13 years

    £17.91
    share price

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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