SolarBotanic™ Trees are attractive “solar trees” to be located in aesthetically sensitive locations.
Business overview
Location | Swallowfield, United Kingdom |
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Social media | |
Website | www.solarbotanictrees.com |
Sectors | Energy Mixed Digital/Non-Digital B2B |
Company number | 14184815 |
Incorporation date | 21 Jun 2022 |
Investment summary
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.
Key features
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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