Solivus secures £2.4m in seed follow-on funding led by Founders Factory and G-Force
The clean tech start-up has raised £2.4m to fund expansion plans and roll out its portable solar sculptures.
Solivus develops lightweight, ultra-thin organic solar panels designed for large commercial roofs and residential use. The company aims to expand clean energy generation across the UK.
Solivus has secured £2.4m in a seed follow-on funding round led by Founders Factory and G-Force, with participation from Crowdcube investors. The fresh capital will be directed towards expansion plans and the commercial rollout of the company's portable solar sculptures for residential properties. This latest injection brings the total capital raised by the clean tech firm to £5m.
Operating in the clean energy sector, Solivus provides flexible organic thin-film solar panels that wrap around flat roofs on large structures such as warehouses and stadiums. The company is currently trialing its technology at Cotswold Airport to power the site and support hydrogen aircraft, while also offering plug-and-play solutions for homeowners seeking alternatives amid rising energy prices.
From the founder
"With this new funding, we want to scale our business and maximise the disruptive potential of our ultra-thin and lightweight solar solutions by facilitating a new generation of solar users ready to have a positive impact on the planet."
Jo Parker-Swift
CEO at Solivus
Investor perspective
"We face a perfect storm when it comes to energy. Households and businesses are feeling the pinch in their pockets from traditional providers, governments are struggling to fulfill COP26 commitments and our world is heating up."
Louis Warner
COO, Founders Factory
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing
