On Wednesday, equity crowdfunding platform Crowdcube released a timeline of one of its highly successfully #FundedClub members, Pavegen. In summer 2015, Pavegen successfully raised over £2 million during the equity crowdfunding round. Its technology converts footsteps into electricity, making it possible to power services in high-footfall locations, as well as provide real-time data for analytics.
Earlier this spring Pavegen revealed its new titles will produce 5 watts per step, which may be used to power low-voltage applications. The company shared that this new technology will product 20 times more power per step than the previous system. Founder, Laurence Kemball-Cook, stated that the product’s development means not a step is wasted and the old tile meant that there were edges that were not actually generating power. He also noted:
“We’ve created a product that can reshape the way people move in our cities, and with current digitisation our ability to connect physical and digital worlds through a single footstep, places us at the forefront of the footfall energy-harvesting market.”
See the company’s history below.
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