G-VOLUTION

Idea

Introduction

G-volution has a proven technology platform that can significantly reduce harmful emissions in existing heavy duty diesels NOW in a cost-effective way, AND a clear practical and cost effective technology route to ZERO carbon in the near future using existing infrastructures.

G-volution has pioneered a dual fuel technology for use in large diesel engines in the Rail, Road and GenSet (static power generation) markets. This proven technology results in fuel cost savings, and aims to extend asset life for operators, whilst also helping these operators reach green targets through reduced engine emissions. There is a large opportunity to develop the business and the technology in existing markets (UK and Spain), as well as in emerging markets. G‑volution has the potential for a clear path to sales in the rail industry in the UK now, and will use funds raised to further the development of its technology as a practical, deliverable and cost effective pathway.

Substantial accomplishments to date

UK Rail:

Class 180 Rail Engine: the demonstration of G‑volution’s dual fuel technology on the Class 180 – a world first in passenger diesel/Bio LNG (Bio Liquified Natural Gas) use – is a major milestone exhibiting our technology in a commercial rail environment. This demonstration will begin in November 2022. Grand Central have indicated a desire to roll out the technology across their fleet if the demonstration is successful. The trial is likely to run for 1 month.

Class 73: Class 73: G-volution has added its technology to a Network Rail maintenance vehicle that so that it can now run on diesel/bio-LPG, also a world first,and this vehicle is intended to follow the Class 180 onto the track in Q4 2022. There is a lot of interest in the decarbonisation of such vehicles currently and it is hoped that at least one other vehicle (with similar engine) can be converted within a year following the trial if the trial is successful.

Genset:

India: G-volution has established a partnership/JV with an Indian company to develop the G‑volution technology specifically for use in gensets in India. There is significant opportunity which will be exploited through the joint venture within India, and potentially beyond.
A recent investor in G-volution from Nigeria will support the deployment of the technology in Africa. There is a specific focus on gas use in countries like Nigeria. Product development and business plan in process.

Monetisation strategy

G-volution has spent the last 3 years developing technology to use cleaner fuels to decarbonise the rail sector in the UK, given the absence of alternative solutions.

G-volution aims to deliver dual fuel gensets to the fast growing India market, and also Nigeria, through current investors.

G-volution intends to become a leading integrator of green technology in the rail, marine and generator sector worldwide.

Revenues will come from sale of technology, service and maintenance of the technology, and expansion of the technology into other sectors

Use of proceeds

Use of funds: G-volution is seeking capital to invest in the following projects:

An Indian Joint Venture with HansTech: £90k

[Working capital] to deliver the UK based dual fuel trials: £185k
To deliver feasibility based on UK technology roll out in Bangladesh: £25k
To deliver feasibility of FFFC rail vehicles and fuel cells: £100k

Total £400,000 required.

It is intended that this investment will deliver sales in UK, and overseas, in 2022-2025 time frame, with further fund raising to follow commercialisation in due course.