Deciwatt, a UK-based company that creates renewable energy products that allow users to make light and power, has launched an equity crowdfunding campaign on Seedrs and has already passed its £400,000 funding target. The funding round has also attracted nearly 200 investors and is offering 14.77% equity with a £2,307,470 pre-money valuation.
The company reported it has developed renewable energy solutions and its new product, NowLight now creates instant light and power from the pull of a cord. Deciwatt noted that in just one minute of pulling on NowLight’s cord will generate up to two hours of light and when fully charged NowLight will provide up to 50 hours of light.
“NowLight can charge mobile devices through its USB port and up to four ‘SatLights’ can be connected to the main unit, so you can spread the light around. NowLight is useful when you want it and vital when you need it. Useful for lighting in your shed or charging your phone at a music festival. Vital for power cut emergencies.”
NowLight is a pico power station:
- An instant generator
- A source of bright light
- A 5V power bank
In regards to where the funds from the Seedrs round will go towards, the Deciwatt team added:
“We are in discussion with potential NowLight distributors from all over world. To realise these opportunities for growth we are expanding our team and are currently hiring a Marketing Manager and a Finance & Commercial Manager. This will allow us to scale up our business development and marketing activity. We will invest in implementing our marketing plans. We will use social media, content creators and paid advertising to drive sales of NowLight in the Leisure and Emergency Preparedness markets. “
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