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)
21 (est)
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

$772.3 k

Latest funding size

$772.3 k

Time since last funding

10 days
powervault's latest funding round in June 2017 was reported to be $772.3 k. In total, powervault has raised $772.3 k

powervault Financial Metrics

£, GBP

Cash (30-Sep-2015)

518.2 k
£, GBPFY, 2015

Cash

518.2 k

Accounts Receivable

49.5 k

Current Assets

634.8 k

PP&E

1.1 k

Total Assets

635.9 k

Accounts Payable

57.2 k

Current Liabilities

57.2 k

Total Equity

550.7 k

Financial Leverage

1.2 x
Y, 2015

Financial Leverage

1.2 x

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powervault Company Life and Culture

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