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SolarBotanic™ Trees

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SolarBotanic™ Trees are attractive “solar trees” to be located in aesthetically sensitive locations.

164%
 - 
Funded 6 Jun 2023
£250,001 target
£412,714 from 581 investors
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Business overview

Location Swallowfield, United Kingdom
Social media
Website www.solarbotanictrees.com
Sectors Energy Mixed Digital/Non-Digital B2B
Company number 14184815
Incorporation date 21 Jun 2022
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Investment summary

Type Equity
Valuation (pre-money) £4M
Equity offered 9.35%
Tax relief

SEIS

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Business highlights

  • Negotiation for first order of 200 Solar Trees worth >£3.0m
  • Sales pipeline exceeds £20m
  • MOU for key supply chain partnership in place
  • AMRC announced as commercial prototype development partner.
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Key features

  • Secondary Market
  • Nominee investment min. £11.97 +
  • Direct investment min. £10,000.00 +

Idea

Introduction

For the past 5 years, SolarBotanic™ Ltd* has been developing an attractive “solar tree” designed to be located in aesthetically sensitive locations.

The SolarBotanic™ Tree captures solar energy and directs it into a sophisticated energy storage system using AI-powered power management technology (PMS). This
PMS will enable the unit to capture and release clean solar power, which will contribute to achieving net-zero emissions and reducing pressure on the grid. The SolarBotanic™ Tree primarily targets the electric vehicle charging market, with its integrated power storage and rapid charge capability.

SolarBotanic™ Ltd has partnered with Brunel University London and the
Manufacturing Technology Centre (MTC) to develop a 3D leaf-shaped photovoltaic technology, demonstrating the company's dedication to advancing
technology and bringing it to market.

All SolarBotanic™ Trees will be remotely monitored to gather performance data, which AI/ML algorithms will analyse to provide predictive maintenance, service and
parts support, and product optimisation services. This aims to ensure the efficient and effective operation of the SolarBotanic™ Tree over its lifetime.

*SolarBotanic Trees was initially developed under a separate company, SolarBotanic Ltd. SolarBotanic Trees Ltd, the company which Seedrs investors are investing into, is a spinout of SolarBotanic Ltd. All IP and trademarks relating to the business have been transferred to SolarBotanic Trees Ltd. For more information please see the key information section.

Substantial accomplishments to date

Since its launch in September 2022, SolarBotanic Trees Ltd has achieved significant milestones:

The company has signed an MOU with its first client for the potential purchase of 200 Solar Trees, worth over £3.0m. The company's sales pipeline now exceeds £20m.

The Advanced Manufacturing Research Centre (AMRC), which is part of Sheffield University, has been announced as the commercial prototype development partner for SolarBotanic Trees Ltd. The Central Research Laboratory (CRL) is leading the
industrial design phase, working closely with the AMRC.

The company is currently in advanced negotiations with a key supply chain partner for the mass production of solar leaf panels.

The scaled functional prototype design is complete and will validate all lab-scale modelling.

SolarBotanic Trees Ltd aims to have a full-scale prototype operational during Q3/2023, with commercial launch scheduled for Q4/2023. The team believes these achievements demonstrate the company's strong commitment to delivering cutting-edge technology and meeting its ambitious commercial goals.

Monetisation strategy

The company plans to generate revenue through various B2B streams,
which include:

Selling standalone solar trees and solar trees with integrated power storage and EV charging points to EPC (Engineering, Procurement and Construction)contractors, EV charging systems installers and operators, commercial car park owners and operators.

Selling single trees (standalone and integrated storage/EV charging) or in
bulk to the domestic retail market through major domestic and international renewable energy systems suppliers and service providers, either alongside or instead of conventional solar, micro-wind turbines, and heat pump systems.

Receiving license fees and revenue from an international network of licensed assembly, installation, and service partners who purchase core components from SolarBotanic Trees Ltd and subscribe to the remote monitoring and AI platform of added value services on a monthly subscription model.

Use of proceeds

The SolarBotanic Tree team has developed all the core design and performance assumptions in collaboration with the MTC, Brunel University, and various suppliers.

We are now moving into the pre-launch phase to prove the modelling, with a scaled prototype being built at the Central Research Laboratory (CRL) and a full-scale commercial demonstrator prototype at the AMRC in Sheffield during Q2/3 2023.

With the minimum target of £250k for this campaign, our plan is to:

· Complete scaled functional prototype testing in April 2023 to confirm modelling.

· Sign off key supply and partnership agreement in Q2/2023 for solar leaves

· Sign key channel partner agreements in UK and EU

· Sign off commercial design in May 2023

· Build full scale prototype in Q2/2023

· Demonstrate commercial scale SolarBotanic Tree to customers July 2023.

We believe this will allow for the commercial launch in Q4/2023. At that time, we will seek further funding to scale up production by investing in mass production tooling with
our key suppliers. This will help us move towards our aim of commencing initial customer shipment by the end of 2023.

The company plans to limit the supply to 50 trees in 2023 to ensure that all installation and commissioning processes are fully developed, and the trees perform to specification
before beginning the rapid ramp to production.

Key Information

Tax Relief

The company has £250,000 SEIS allocation remaining. SEIS will be allocated on a first come first served basis. Any funds invested over £250,000 will be eligible for EIS tax relief.

Company History

SolarBotanic Trees was initially developed under a separate company, SolarBotanic Ltd.

SolarBotanic Trees Ltd is a spinout of SolarBotanic Ltd. All IP and trademarks relating to the business of SolarBotanic Trees has been transferred to SolarBoatnic Trees Ltd as a complete spinout. Seedrs investors will be investing into and receiving shares for SolarBotanic Trees Ltd (company no. 14184815).

SolarBotanic Ltd has been renamed to H2 PowerPod (company no. 14037014) to avoid confusion. This company holds IP unrelated to SolarBotanic Trees and is not active or trading.

Convertible Loans

The company has the following outstanding convertible loan, which may convert to equity after this round and dilute existing shareholders:

1. £16,187.50 loan from The Virtual Legal Counsel Limited (VLC), with the following key terms:
- Interest rate: 8% per annum
- Longstop date: 2 years (April 2025)
- Conversion: VLC may elect to convert the loan into shares at any time before the longstop date. If not converted by the longstop date, the loan will be repaid (with accrued interest)
- Conversion price: £3.99
- Share class: the most senior class of share at time of conversion
- Repayment: the company may also redeem the loan at any time before the longstop date

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for SolarBotanic™ Trees has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 14 April 2023 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £3,990,000

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

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Secondary market

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Direct investment

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Business Involvement

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