Pavegen is at the forefront of transforming cities through groundbreaking kinetic technology that converts foot traffic into renewable energy and valuable data. Their impressive 100% revenue growth in 2022, reaching £2 million with an EBITDA of -£627,000, has spurred them to seek funding to capitalize on the rapidly expanding ESG market, anticipated to be worth $50 trillion by 2025. With the pressing need for climate action, Pavegen's solution revolves around generating off-grid energy and data from urban foot traffic, fundamentally reshaping how cities and institutions interact with renewable energy sources and engage with their communities, contributing to a more sustainable planet. Their business model includes large-scale installations, revenue generated from their data platform and analytics, and multiple income streams. In a competitive landscape, Pavegen is a pioneering market leader, offering an efficient means of harnessing energy from motion through their core IP electromagnetic technology.
The raised funds will support the expansion of sales and marketing efforts, technology scaling, and innovation, including the development of new products such as kinetic roads. Pavegen has gained the support of institutional investors like the Hinduja Group and Tamar Capital, propelling urban transformation. They serve a diverse customer base globally, including blue-chip companies, governmental bodies, and various entities in 37 countries. Pavegen holds three international patents, positioning them as a trailblazer in kinetic energy technology with applications in various fields.
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£36,273,177
pre-money valuation
4.88%
equity available
1,550
investors
£1,200
pledge per investor
06980029
company number
Active
company status
£0.14
share price
News
Meet Pavegen, The Start-Up With The Whole World At Its Feet - Forbes
18/09/2023 Forbes
Pavegen Selected by UEFA’s Champions Innovate Program | Alumni - Loughborough University
26/02/2024 Loughborough University
Power walking: London's Pavegen uses footsteps to generate electricity - The National
18/04/2024 The National
Stepping forward: Pavegen launches new crowdfunding campaign | Alumni - Loughborough University
29/09/2023 Loughborough University
Minnesota Vikings harness the kinetic power of their fans with Pavegen – Intelligent CIO North America - Intelligent CIO
29/09/2023 Intelligent CIO
Step-change for Pavegen technology with triangular power-generating tile - Professional Engineering
11/05/2016 Professional Engineering
Pavegen: The Company that can't make energy out of crowds tries to make money out of them - The Register
26/05/2015 The Register
Pavegen’s energy-harvesting walkways backed by Hinduja Group in £5m funding campaign - Cambridge Independent
31/05/2019 Cambridge Independent
The Green Heart's Pavegen - A Worthy Investment? - Redbrick
01/10/2019 Redbrick
Pavegen's floor tiles could power future cities with footsteps - Dezeen
27/10/2017 Dezeen
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