Austen Shakespeare

Clean tech firm surpassed £1.3m funding round with over 1,000 investors

A London clean tech firm has announced its funding round with Crowdcube has surpassed £1.3m in just three days thanks to over 1,000 investors.

The money raised will be dedicated to expanding the Solivus team, accelerating the development of the rooftop business and funding the continued development of the Solivus Arc, set for mass market launch in 2022.

Given the early success of the raise, while Solivus will be continuing to accept investment, would-be investors yet to get involved, should be advised that there is limited equity available so the campaign may close in advance of the scheduled 30 days.

Solivus will be utilising the additional funding to grow its team and invest in product development.

CEO of Solivus, Jo Parker-Swift, said: “As we look back on COP26, it’s clear the world needs more practical and effective solutions for clean energy to help move us away from fossil fuels.

“Right now, the world’s governments are scrambling to pass legislation and formulate plans to achieve the goals of the 2015 Paris Climate Agreement – but this will take time; time we don’t have spare. We can’t wait around for this to happen.

“Instead, we must innovate and make clean energy a reality now – 2022 is the year to make this happen, and Solivus is here to help.

Jo continued: “Our new technology will open up new markets for solar energy that were previously unworkable due to older, heavier solar panels. Our ‘thin-film’ changes the game and will bring mega-buildings and other large structures into play, and our Solivus Arcs® can generate clean energy for EVs and homes.

“We are delighted to see such excellent support so far – we have surpassed £1.25m in this Crowdcube round in just a matter of days.”

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