Pavegen, a London, UK-based footfall energy-harvesting company, raised over £2m in equity crowdfunding.
1551 backers acquired a 11.42% equity stake in total via Crowdcube.
The company intends to use the funds to focus on R&D and sales and scale operations.
Founded in 2009 by CEO Laurence Kemball-Cook, Pavegen has developed technology that converts footsteps into electricity to power services in high-footfall locations and provide real-time data for analytics. The company has delivered over 100 projects, including Heathrow Airport and Harrods, across 30 countries generating a revenue of over £2.5 million.
FinSMEs
08/07/2015