Ergoe Energy Ltd, a UK-based energy startup, announced on Monday it has launched an equity crowdfunding campaign on Seedrs to raise £100,000 to develop its new app. The company is offering 13.49% in equity.
According to Ergoe Energy, the app enables domestic and small business users to switch energy suppliers more easily and automate access to lower-cost energy tariffs. The company explained:
“Ergoe Energy will be a downloadable application linking to all energy suppliers and tariffs that will operate on any portable device, indicate when pre-set preconditions are met, and allow users to simply click and switch energy suppliers almost at will.”
While sharing more details about the app, Toby Gawin, CEO of Ergoe Energy stated:
“Worldwide Energy generation is gradually extricating itself from the current heavily centralised model and moving towards a much more efficient distributed system utilising new generation technologies. The initial version of the Ergoe Energy APP will initially simply help users better manage their current energy suppliers and save them unnecessary costs, but further down our development track, we envisage that it will allow users to both buy and sell energy produced in the home via the growing number of installed renewable sources.”
Also commenting on why the company decided to go with crowdfunding, Rupert Baker, CSO for Ergoe Energy explained:
“Crowdfunding this stage of our growth made sense because we are creating a platform that will empower consumers in communities and households. We want to give individual investors a chance to own this technology and the benefits that will come from revolutionising the UK energy generation and management ecosystem.”
Peter Cross, CTO for Ergoe Energy added:
“The UK rollout of Smart Meters has the potential to completely alter the face of UK energy management. Our technology will enable our domestic users and small businesses to simply and easily switch suppliers and tariffs on a more frequent basis, and as it constantly monitors what is available, it always provides them with the best match between energy tariffs and their energy consumption profile.”
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!