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Status: Extended

Aug 16th 2021 - Sep 24th 2021

OXTO Energy is an energy storage technology provider that intends to transform the way energy is stored. It claims to have developed an innovative energy storage flywheel technology made using 100% recyclable steel, having a low cost of operation, and being easy to manufacture. It argues that it has secured approximately £1.7 million worth of revenues through contracts for 2021 in UK, Kenya, and France, to name a few. It also aspires to become a minority partner of large infrastructure projects by offering its units at a discounted rate, guaranteeing a consistent revenue stream while increasing profitability throughout the project. It wants to dominate the estimated £70 billion energy storage market. The company states it will use 25% of the investment to grow its team, 60% for project delivery, and 15% towards growth and commercialisation of its business.

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  • £635,493
    pledged
  • 141%
    of goal

    £450,002
    target

    £12,543,028
    pre-money valuation

    3.47%
    equity available

    1,076
    investors

    £591
    pledge per investor

    10161898
    company number

    Active
    company status

    04/05/2016
    incorporated 6 years

    Previous Funding rounds
    16 Aug 21 Seedrs £635,493 / 141%
    News

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Funding progress



  • £635,493
    pledged
  • 141%
    of goal

    £450,002
    target

    £12,543,028
    pre-money valuation

    3.47%
    equity available

    1,076
    investors

    £591
    pledge per investor

    10161898
    company number

    Active
    company status

    04/05/2016
    incorporated 6 years

    Previous Funding rounds
    16 Aug 21 Seedrs £635,493 / 141%
    News
  • 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