Verv cuts air-conditioning & heat pump energy waste with patented tech & real-time predictive maintenance
Business overview
| Location | London, United Kingdom |
|---|---|
| Social media | |
| Website | verv.energy |
| Sectors | Energy Digital B2B |
| Company number | 07179872 |
| Incorporation date | 5 Mar 2010 |
Investment summary
Business highlights
- 337% annualised revenue growth*
- Chosen by US Department of Energy for US expansion
- €14m+ patented IP portfolio
- £2.5m of forward booked revenue over the next 5yrs
Key features
Pitch
About the Campaign
Verv uses patented technology to identify energy waste and detect faults in air-conditioning, helping buildings run cleaner and cheaper. With 337% YOY growth*, £2.5m booked, revenue and US department of Energy support for US expansion, we’re ready to scale a transformative climate-tech solution.
Market Opportunity
30% of a buildings energy use is Air Conditioning, which also leak harmful greenhouse gases that are 2,000x more harmful than CO2. Verv’s patented tech fills a critical gap in predictive energy management & fault detection in a huge, growing global market—set to triple to over 5bn units by 2050.
Traction & Key Accomplishments
Verv has achieved 337% annual growth (*Based on unaudited management accounts), including customers like McDonalds, JLL, and Wates, and £2.5m forward revenue via major licensing partnerships. Our patented devices and predictive maintenance tech are deployed with a leading estate owner. We’ve contracted revenues of >£2.5m, filed new F-Gas detection IP, and been shortlisted by the RAC Cooling Awards and Energy Awards for our F-Gas work—while also being selected by the US DOE’s NREL programme with Wells Fargo to accelerate US expansion
Use of Funds
With licence agreements expanding, this fundraising will enable increased stock for fast delivery and funds further CE and UL certification to unlock EU and US markets with our new projects. Combined with the NREL validation, it accelerates our path to large-scale adoption and rapid revenue growth
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]
Founder Interests
Peter Davies, Founder and Chairman of Verv Energy is also involved with Austin Consultants Ltd (06352633), and Crimson Global Ltd (14018900).
- Austin Consultants Ltd (ACL) is a system integration company, of which Peter Davies is the Founder and Non-Exec. Peter attends a board meeting each quarter. ACL built the original Verv software infrastructure and continues to provide software services to Green Running Limited.
- Crimson Global Ltd relates to Peter’s personal hobbies and has no impact on his work at Verv.
Material Debt
The company has the following outstanding loans:
1. £50,000 Bounce Back loan from Santander at an interest rate of 2.5% per annum. The loan was entered into in September 2020 and is to be repaid in monthly instalments until 29th September 2026. The current outstanding balance of the bounce back loan is £8,334.
The funds raised from this investment round will not be used to repay these loans.
Company Structure & Background
Investors in this round are investing into and will become shareholders of Green Running Limited, company number 07179872.
The company was set up by the founder, Peter Davies, in 2009 as an energy consulting company and to store some IP created. The founder ran their first revenues through it in 2012 and in 2015 switched to being a product led company focused at the Smart Home. After raising a Series A round in 2019 and working his contract, the founder left the company to pursue other ventures. After the major investor/shareholder went into liquidation and with the company struggling through Covid, the founder made the decision to come back and, in partnership with SFC Capital, they bought out the major shareholders and proceeded with the current product for air conditioning.
Green Running Limited is the holding company which the investment will be going into and owns all the patents and IP and the entity they operate from.
Share multiple
The share price for this round is £0.01978, investors can purchase lots of 1,000 shares at £19.78.
Open an account to get access to the team members of Verv Energy
Already have an account? Log in
To comply with financial regulations, we can only show full campaign details to registered users.
Only shareholders can access this page
If you successfully purchase a share lot of this business, you will be granted access.
Buy sharesOnly shareholders can access this page
If you successfully purchase a share lot of this business, you will be granted access.
Buy sharesOnly shareholders can access this page
If you successfully purchase a share lot of this business, you will be granted access.
Buy sharesOnly shareholders can access this page
If you successfully purchase a share lot of this business, you will be granted access.
Buy shares
