Power Roll secures £6m in growth funding led by GWC at a £75m valuation.
GWC led the £6m round through equity and a convertible loan note.
Share allotment filed at Companies House
Power Roll develops lightweight flexible film technologies designed for low-cost renewable energy generation and storage applications.
Power Roll has secured £6m in a growth funding round led by GWC, building on a previous £5.7m raise in 2020 at a significantly higher valuation. The capital was provided through equity and a convertible loan note.
The company has created a flexible, lightweight solar film technology that offers a much cheaper alternative to traditional photovoltaic panels. Its microgroove design can also be adapted for energy storage and capacitor manufacturing, opening up potential uses across non-load-bearing rooftops, transport, and off-grid projects.
GWC increased its backing for the business, citing confidence in the firm's clean energy applications. Power Roll intends to use the capital to support its ongoing development and market engagement alongside its investor network.
Investor perspective
"We are very excited about Power Roll’s technology and its potential applications in clean energy production and storage. The company has the potential to generate solar powered electricity on numerous building surfaces at a very low cost. The technology is also has significant application in energy storage. We look forward to working with the management team and fellow investors."
Ian Leigh
CEO and Founder, GWC
Investors
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About the company
Power Roll
Power Roll creates ultra-low-cost flexible film for solar energy generation and storage.