• Target

    £1,300,000

  • Type

    Equity

  • Close Date

    Jan 19 2019

  • Status

    Live

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme. Please read FULL risk warning.

PowerX Technology Limited

Thalesto™ has been designed to optimise energy, reduce cost and subsequently reduce emissions.

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Overview

PowerX has developed a unique AI powered energy optimisation platform, built on the IBM Cloud™ using IBM Watson™ technology. The platform, Thalesto™, enables mobile network operators to automatically reduce energy costs. IBM® has agreed to be a sales channel for Thalesto™ and PowerX is in advanced discussions with Ericsson also. PowerX has three customer trials agreed and preliminary partner target clients underpin 65% of first 3 years sales.

Traditionally, mobile network towers have used energy inefficiently which results in high operational costs and excessive environmental pollution. Globally mobile network operators spend over £50BN a year in energy to power their towers. Thalesto™ has been designed to optimise energy, reduce cost and subsequently reduce emissions. This will result in savings of the order of £115 per tower per month at a cost of £23 per tower per month.

Powerx connected city
Deal Manager avatar

Deal Manager
Sonal Shah

  • Sector: Technology / IT / Software
  • Region: UK: London
  • Stage: Pre-revenue start-up, under £200k invested to date
  • Eligible Tax: EIS
  • Board Requirement: Will consider further board appointments
  • Pre Money Valuation: £3,485,001
  • Share Price: £1.00
  • Originator: Envestors
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Originator


Originator: Envestors

Investment Focus: Equity and Debt

About: Envestors is a FCA regulated corporate finance adviser in the UK and operates an international network of sophisticated investors investing a minimum of £25,000 in high growth unquoted companies seeking £250,000 to £2m in equity funding. Envestors是英国受FCA监管的企业金融顾问同时运营着一个国际化的资深投资人网络,为高速发展的公司寻求最低为£25,000的现金投资,£250,000到£2m的股权投资。

Contact Name: Oliver Woolley

  • Registered Investors
    Over 1000
  • Investment through platform
    Over £100m