What was the catalyst for launching Solivus?
I wanted a secure green energy supply for my home – but did not want ugly solar panels on the roof. This meant something in the garden, and the question in my head was how can I create something that looks good and can generate energy in small space? The initial idea was a solar tree and over time this has become the Solivus Arc.
Tell me about the business?
The Solivus team consists mainly of installers and product innovators using best-in-class thin-film solar panels. We aim to enable mega buildings and homes to decarbonise and secure their energy supply. We work with the best solar panel manufacturers, establishing preferential agreements and we own our own IP for our Solivus products.
Solivus is partnered with Trivandi, a world class project management firm that helped to organise the London 2012 Olympics. We have had wide press coverage (BBC, The Times, The Guardian, Forbes) and had the opportunity to appear and speak at industry and global events such as COP26. This has allowed our name to get out there and reach new customers. Customers approach us currently for light-weight solar solutions.
How has the business evolved since its launch?
Solivus has evolved over the last four years from me working on my own, researching into technologies and raising investment, to a team of 13 brilliant people all supporting and catalysing our growth. Each person is brings great value and I am incredibly grateful for their enthusiasm, hard work and help.
How are you funded?
Solivus has raised £2.6M to date initially through high net worth investors and a successful crowdfunding round at the start of 2021. We have received our first investment from an institutional investor as part of the pre-funding for our recent crowdfunding round. The team owns a majority stake in the business. The fact that Solivus is an EIS company has been an enormous help. The government EIS scheme offers fantastic support for new innovative technology companies in the UK.
What has been your biggest challenge so far?
Getting the initial investment is always tough, so often the case with all startups – it’s a numbers game and it took time and a lot of grit and determination to get the right first investors. The EIS helped enormously with this. I am incredibly grateful to that group of first round investors who believed in the company and me. My children kept encouraging me to keep going as well.
