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)
31 (est)+4%
powervault was founded in 2012 and is headquartered in London, GB

Key People/Management at powervault

Katie Critchlow

Katie Critchlow

Chief Operating Officer
Joe Warren

Joe Warren

Managing Director
Denis Wittich

Denis Wittich

Technical Director

powervault Office Locations

powervault has offices in London and Greater London
Greater London, GB (HQ)
Shand St
London, GB (HQ)
London Bridge

powervault Financials and Metrics

Summary Metrics

Founding Date

2012

Total Funding

$1.9 m

Latest funding size

$1.1 m

Time since last funding

4 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 Financials

GBP

Cash (30-Sep-2016)

1.2 m
GBPFY, 2014FY, 2015FY, 2016

Cash

3.6 k518.2 k1.2 m

Accounts Receivable

5.2 k49.5 k301.3 k

Inventories

2.8 k67.1 k87.1 k

Current Assets

11.5 k634.8 k1.6 m
    Y, 2016

    Financial Leverage

    1.2 x
    Show all financial metrics

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