Series B closed · May 2026

Invest in the future of distributed energy.

Building the UK's largest solar EV charging network. £695B global TAM. Path to £1.5B+ exit by 2030.

£120M
Series B (May 2026)
12,847
Systems installed
32%
MoM growth
£102M
ARR target (2027)

The opportunity

Massive market, perfect timing.

TAM
£695B – £1,085B

Global solar EV charging, 10-yr cumulative (2026–2035)

  • · North America: £200–280B
  • · Europe: £240–330B
  • · Asia-Pacific: £250–400B
SAM
£12B – £18B

UK residential solar EV charging, 10-yr cumulative

  • · 5M EV households by 2030
  • · £4,200 avg system value
  • · 25–35% target penetration
SOM
£1.35B – £2.8B

Realistic 3-year revenue (12–18% UK share by 2029)

  • · 2026: 18k installs · £73M
  • · 2027: 63k installs · £365M
  • · 2028: 150k installs · £912M

Why now?

EV adoption exploding

UK EVs: 1.2M → 8M by 2030 (28% CAGR). 100% EV mandate by 2030.

6.7× growth in 4 years

Public charging too expensive

£0.50–0.85/kWh vs £0.12–0.17/kWh with us. Customers save £740–£1,528/yr.

60–72% cheaper

15M UK driveways

60% of UK households have off-street parking. 9M addressable EV owners by 2030.

Massive greenfield

Tech inflection

Solar tile costs down 80%. IoT enables PPA at scale. No-battery = 59% cheaper.

Cost parity achieved

5-year projections

Path to £612M revenue.

Conservative scenario · 15% UK market share by 2030

Metric20262027202820292030
Annual installs18k63k150k300k600k
Total revenue£8.6M£37M£111M£278M£612M
Gross margin85%85%85%85%85%
EBITDA-£5.6M£1.9M£27.7M£97.4M£275M
EBITDA margin-65%5%25%35%45%

Exit scenarios

Multiple paths to £1.5B+.

Most likely

🏛️ IPO (2031–2032)

£3.2B – £7.2B
£800M–£1.2B revenue

SaaS-like multiples. Comps: Sunrun ($4.2B), Enphase ($35B).

🤝 Strategic acquisition

£2.4B – £6B
£400–600M revenue

Tesla, Octopus, BP/Shell, Enphase as potential acquirers.

📊 PE buyout / roll-up

£1.6B – £3.36B
£500–700M revenue

Brookfield, Macquarie. 25-yr cash flows. Pan-European platform.

Ready to co-build the platform?

Series C planned for 2028. Strategic conversations welcome anytime.

Contact IR team