powervault

Powervault is an award winning, patent-pending, home energy storage system Powervault has developed the UK’s most affordable and easiest to install home energy storage device, which can lower consumer electricity bills and provide emergency power to critical devices. In its initial market application the product stores ‘free’ electricity generated by solar panels during the day, then releases the stored energy during the evening when household demand peaks, delivering a 20% reduction on electricity bills. Our ‘emergency power socket’ enables customers to use their stored energy during black-outs, an issue for over 1 million UK customers per year. The initial addressable UK market of 1m solar PV owners is about to expand rapidly as regulation drives the roll out of smart meters enabling ‘smart tariffs’. This will allow any of the 26m UK homes to benefit from storing electricity when it is cheap to use at expensive ‘peak’ times.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2012
Size (employees)
29 (est)+8%
powervault was founded in 2012 and is headquartered in London, GB

powervault Office Locations

powervault has an office in London
London, GB (HQ)
London Bridge

powervault Data and Metrics

Summary Metrics

Founding Date

2012

Total Funding

$1.9 m

Latest funding size

$1.1 m

Time since last funding

about 2 months
powervault's latest funding round in July 2017 was reported to be $1.1 m. In total, powervault has raised $1.9 m

powervault Financial Metrics

GBP

Cash (30-Sep-2016)

1.2 m
GBPFY, 2015FY, 2016

Cash

518.2 k1.2 m

Accounts Receivable

49.5 k301.3 k

Current Assets

634.8 k1.6 m

PP&E

1.1 k27.5 k

Goodwill

11.5 k

Total Assets

635.9 k1.7 m

Accounts Payable

57.2 k215.5 k

Current Liabilities

57.2 k215.5 k

Total Liabilities

85.2 k246.3 k

Total Equity

550.7 k1.4 m

Financial Leverage

1.2 x1.2 x
Y, 2016

Financial Leverage

1.2 x

powervault Job Categories

Traffic Overview of powervault

powervault Online and Social Media Presence

powervault News and Updates

The 22 biggest crowdfunding campaigns of 2016

2016 has been another strong year for crowdfunding in the UK with Crowdcube, Britain's leading platform, passing the milestone of £200 million ($253 million) raised over its platform since inception. Off3r, a platform that aggregates investment opportunities across peer-to-p…

powervault Company Life and Culture

You may also be interested in