Leaders in photovoltaic architectural glass undertake investment round
Polysolar launches on Crowdcube
Cambridge, 8th June 2018. - Cambridge Cleantech member, Polysolar, has decided to seek its first external investment in order to accelerate the growth of the business. Over the past few years they have been pioneering and developing transparent glass technology and have now decided the time is right to scale up the commercial sales.
There has been a shift in the market place and an architectural interest in applying this technology to buildings and infrastructure, not as part of any subsidised scheme but as a long term sustainable building material that generates renewable energy.
Their success with the LG Eco-City garden at this year’s Chelsea Flower Show, recent completed installations for Network Rail, Gloucester County Council, and Bournemouth University, among others, as well as growing overseas interest reaffirms the decision to fund the company for growth.
“We have decided to raise funds for the first time due to the significant increase in number and size of our sales pipeline. This working capital will take the company to the next level of service and growth globally.”
“As the leading company in the building integrated photovoltaic glazing market, we already have superior products and systems, however we are conscious that the major global players are looking to enter this $33bn market opportunity” said Hamish Watson, CEO of Polysolar.
The company has chosen to partner with Crowdcube, Europe’s leading investment platform, to manage this process and invite any interested parties to invest from as little as £10. The pitch is live for one month, starting from Friday 8th June 2018.
Investments of this nature carry risks as well as potential rewards. Please be aware your capital is at risk. Approved as a financial promotion by Crowdcube Ventures Ltd, which is authorised & regulated by the Financial Conduct Authority (No. 572026).
Also, most countries in the world including the UK and the rest of Europe are embracing equity crowdfunding as a progressive way of allowing individuals to invest in the businesses they believe in, and thus support innovative Companies to start and to grow. However, regulations relating to equity crowdfunding are a little more complicated in the USA, Canada and Japan, so if you're resident in one of those countries get in touch with us directly.
If you're a UK tax payer, under the Enterprise Investment Scheme (EIS), you may be able to claim income tax relief of 30% of the cost of the shares in which the investment is made, as well as possible Capital Gain Tax advantages. More information can be found on the Crowdcube website.
For more information:Aidan Cumiskey