# Pavegen Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pavegen-systems

- Industry: Power & Utilities
- Headquarters: London, UK
- Website: www.pavegen.com/
- Total disclosed funding: $4.4M
- Latest round: Series A (May 5, 2021)
- Investors on record: 1

## About

Pavegen Systems Ltd. develops interactive flooring technology that converts foot traffic into renewable energy, enhancing engagement in public spaces with its innovative energy-generating tiles.Founded in 2009, Pavegen Systems Ltd. is based in London, UK. The company specializes in transforming kinetic energy from foot traffic into electricity through its innovative flooring solutions. Laurence Kemball-Cook, the founder of Pavegen, has a history of entrepreneurial ventures but specific details about previous companies are not provided. In May 2021, Pavegen raised GBP 2.96 million in Series A funding led by Wadi Makkah Ventures, bringing the total amount raised to GBP 2.96 million with a current company valuation of GBP 38.179 million. The company has completed five deals to date.Pavegen specializes in innovative interactive floor tiles that convert kinetic energy generated from foot traffic into electricity. Their flagship product, the Pavegen V3, enhances public spaces by transforming each step into a source of renewable energy. This energy can power nearby devices, lighting, or display screens, making it ideal for high-foot-traffic environments such as shopping centers, airports, and public events. Pavegen also offers complementary products like the Pavegen Solar+, which integrates solar power generation, alongside custom software solutions tailored for smart cities and buildings. Their products have found applications in global markets, including the United States, Japan, and various European nations, serving clients such as municipalities, retail brands, and event organizers.Pavegen generates revenue primarily through direct sales of its products and tailored solutions, often establishing partnerships with businesses that implement their technology in both commercial and public spaces. The transaction structure is predominantly B2B, wherein clients acquire Pavegen tiles and related software for installation in diverse environments. In the most recent year reported, Pavegen's revenue was GBP 1,369,036.60, with an EBITDA of GBP -1,161,327.Following the Series A funding round in May 2021, which raised GBP 2.96 million, Pavegen plans to utilize this capital to expand its operations further. The company aims to enhance its product line and may target new markets and geographic regions for expansion, although specific markets and timelines have not been disclosed.

## Funding rounds

- Series A, May 5, 2021, $4.1M — Wadi Makkah Ventures
- Series A, Nov 25, 2019, $0.2M — Wadi Makkah Ventures

## Investors

- Wadi Makkah Ventures (https://capitalatlas.ai/funds/wadi-makkah-ventures) — Series A