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Status: Funded

Sep 29th 2020 - Oct 22nd 2020

Carnot is an engineering company that is developing biofuel and hydrogen-powered Carnot engines with the aim of reducing global CO2 levels by 13%. The company asserts that metal engines, unable to withstand fuel combustion temperatures, waste one-third of fuel energy to cooling & have operating efficiencies of only 30%. Carnot argues that its engines can bring operating efficiencies up to 70%, halving fuel costs. It also intends to develop clean, secure, and affordable global off-grid energy solutions and provide disruptive technologies that are both commercially viable and environmentally friendly. Carnot was awarded a £157,000 Innovate UK Grant to develop an energy access solution in Sub-Saharan Africa. It was also awarded a place on OGTC Tech X accelerator, in partnership with organisations like British Petrol (BP), Equinor, and KPMG with a £100,000 funding. The company will use the investment to bump up the maximum theoretical engine efficiency to ~85%. 

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CARNOT Rating Review

Pitch rating powered by CROWDRATING

Rated on 06/10/2020

Pitch Rated

51%

Insufficient Data

Management

80%

Product

74%

Investment

UNRATED*

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

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    £1,999,936
    pre-money valuation

    4.76%
    equity available

    628
    investors

    £490
    pledge per investor

    12179870
    company number

    Active
    company status

    29/08/2019
    incorporated 5 years

    £18.20
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £307,911 / 308% 51.33%

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 80%

Skills 91%
The team blends a mix of technical and commercial skills with young creative innovators and industry experts. The Co-Founder/CEO leads various Rolls-Royce engine development programmes. He successfully delivered two grant-funded R&D projects on uncooled engine technology. He leads business, financial and IP Strategy of the company. The Co-Founder/Director has expertise in advanced mathematical modelling of heat transfer and molecular dynamics, computational fluid dynamics, finite element modelling, C, C++, Python and R. He currently leads equity raising and business development. The Co-Founder/Director Designer is an expert in modern engineering techniques, high-performance engines, computer-aided design and model conceptualisation. He leads the supply chain and operations of the business. Both the co-founders played a crucial role in delivering two government grant R&D projects. It was noted that their Co-founder/CEO leads finance backed by their NED/CFO with experience in the companies like Inchcape and Jardines Matheson.

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Funding progress

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Log in to view amount pledged

    Log in to view target

    £1,999,936
    pre-money valuation

    4.76%
    equity available

    628
    investors

    £490
    pledge per investor

    12179870
    company number

    Active
    company status

    29/08/2019
    incorporated 5 years

    £18.20
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £307,911 / 308% 51.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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