Innovate Energy Solutions
Latest round
- Series A
Last raised
- Jan 2022
Total raised
- $11M
Investors
- 5
About Innovate Energy Solutions
Innovate Energy Solutions Ltd.Founded in 2017, Innovate Energy Solutions Ltd. operates primarily out of London, UK. The company focuses on providing self-service phone charging stations to various venues. The CEO, Hugo Tilmouth, is among the founders, which also include Charlie Baron and Hakeem Buge.ChargedUp’s core product offering centers around self-service phone charging stations, designed to provide convenience for customers while enhancing their experience at various venues. These stations enable users to rent power banks by simply tapping a card or compatible device on a contactless reader. The primary use cases addressed include the need for accessible charging solutions in public spaces, allowing customers to maintain their mobile device functionality for critical activities such as contacting emergency services, using public transport, or staying connected with family and friends. ChargedUp serves a diverse client base that includes venues across the UK, and it is noted for powering over 111 million minutes of charge through its network, illustrating its widespread adoption.ChargedUp generates revenue through a fee-based model where customers pay a small charge for renting power banks from the self-service charging stations. The company collaborates with various venues, providing them with charging stations at no upfront cost, thereby creating a mutually beneficial partnership. Revenue is derived from transaction fees collected each time a customer rents a power bank, contributing to the overall income stream from the various participating establishments. The energy costs associated with operating the charging stations are minimal, estimated at around GBP 1 per month, allowing venues to provide a valued service without significant overhead.In January 2022, Innovate Energy Solutions Ltd. The company's strategy includes entering new markets and enhancing its product offerings to meet increasing demand.
Who invested in Innovate Energy Solutions
5 investors across 3 rounds
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Questions about Innovate Energy Solutions
Who invested in Innovate Energy Solutions?
Innovate Energy Solutions has 5 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Innovate Energy Solutions raised?
Innovate Energy Solutions has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Innovate Energy Solutions last raise money?
Innovate Energy Solutions's most recent round on record is a Series A, in Jan 2022.
What does Innovate Energy Solutions do?
Innovate Energy Solutions is a energy storage & batteries company.
Where is Innovate Energy Solutions headquartered?
Innovate Energy Solutions is headquartered in London, UK.
Which VCs invest in companies like Innovate Energy Solutions?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back energy storage & batteries companies at Innovate Energy Solutions's stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Series A
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