Unlocking confidence in the growing used EV market through battery testing and real-world data insights.
Business overview
| Location | London, United Kingdom |
|---|---|
| Social media | |
| Website | www.clearwatt.co.uk |
| Sectors | Automotive & Transport Digital Mixed B2B/B2C |
| Company number | 09793739 |
| Incorporation date | 24 Sep 2015 |
Investment summary
Business highlights
- Independent EV battery testing & data products
- £300k non-dilutive grant awarded (Q3 start)
- 30+ commercial partnerships & significant pipeline
- EV sector experts with previous exit (E-Car Club)
Key features
Pitch
About the Campaign
ClearWatt unlocks the rapidly scaling used EV market with independent battery testing, real-world data insights and a driver companion app. Backed by key partners including OZEV and DfT, and with major support across industry, we bring confidence and transparency to EV ownership and retail.
Market Opportunity
80% of UK car sales are second-hand, yet 60% of consumers say battery health concerns hold them back from buying a used EV. As millions more EVs enter the used market, improving confidence around battery condition, performance and ownership is becoming critical to unlocking the next adoption phase.
Traction & Key Accomplishments
- Growing revenues with 30+ commercial contracts across dealers, fleets and energy partners inc. OVO Energy, Electric Car Scheme and Loveelectric
- Thousands of users across multiple continents, rated ‘Excellent’ on Trustpilot
- Rapidly expanding commercial pipeline with several household-name partnerships in development
- Recognised EV sector experts, with previous exit (E-Car Club) and authority in used EV space
- £300k non-dilutive grant project awarded, set to commence Q3 2026
Use of Funds
Funds will support increased development capacity, product optimisation and commercial expansion as ClearWatt scales across B2C, B2B and data services. Investment will also strengthen sales and account management, while supporting match funding for a recently-awarded £300k grant project.
Key Information
Key information investment sheet
Key Investment Information Sheet is available by downloading the following documents:
- Key Investment Information Sheet [Danish]
- Key Investment Information Sheet [German]
- Key Investment Information Sheet [English]
- Key Investment Information Sheet [Spanish]
- Key Investment Information Sheet [French]
- Key Investment Information Sheet [Italian]
- Key Investment Information Sheet [Dutch]
- Key Investment Information Sheet [Portuguese]
- Key Investment Information Sheet [Swedish]
Material Debt
The company has the following outstanding loan:
1. £21,000 loan from Barclays at an interest rate of 2.5% per annum. The loan is to be repaid in September 2030.
The funds raised from this investment round will not be used to repay this loan.
Outstanding Convertible Loan
The company has the following outstanding convertible loan, which may convert to equity after this round and dilute existing shareholders:
- £100,000.00 loan from the Foundation for Integrated Transport (FIT), with the following key terms:
• Interest rate: 6%
• Conversion trigger: At the lender's discretion on any capital raise that occurs during the lifetime of the Loan, in the event of a sale,
• Conversion price: 15% discount on the subscription price of the conversion round, or (if converting at the Repayment date) a 15% discount on the share price of the Company's last round.
• Valuation Cap: N/A
• Share class: A Ordinary
• Repayment date: October 2028.
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