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Evaclite

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Evaclite manufactures award winning dynamic exit signs that save lives through making buildings safer.

106%
 - 
Funded 4 Nov 2020
£125,001 target
£150,737 from 123 investors
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Business overview

Location Bagshot, United Kingdom
Social media
Website www.evaclite.com/
Sectors Property Non-Digital B2B
Company number 11820274
Incorporation date 11 Feb 2019
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Investment summary

Type Equity
Valuation (pre-money) £1.7M
Equity offered 7.49%
Tax relief N/A
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Business highlights

  • FIREX - Fire Innovation of year 2018 - SHE Awards 2019 & 2020
  • Supplied the offices of: Apple, BBC, CBRE, Melia and MetroBank
  • Established project enquiries and opportunities worth over £1.5m
  • US Patent granted 2019 - UK Patent granted 2020
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Key features

  • Secondary Market
  • Seedrs nominee min. £11.55 +
  • Pay by Bank payments not accepted
  • Idea
  • Team
  • Updates
  • Investors 123
  • Discussion
  • Documents

Idea

Introduction

When a fire alarm sounds - every second counts. It is crucial that we leave a building quickly by the nearest, safest exit.

However, more than two thirds of us (68%) miss or ignore the conventional, static emergency exit signage that we see every day.

Should we actually see and follow it, it may direct us towards the danger as it is unable to adapt to the environment.

Stress increases, and our decision-making slows by at least 50%.

This delays evacuation, puts people's lives at risk and gets worse in a large or unfamiliar building.

Evaclite’s multi-award winning, dynamic and adaptive emergency exit signage is much more effective and solves these problems. Our leading technology:

· Is seen twice as easily (77% v 38%)

· Helps us make up our minds in half the time (2.6 v 5.6sec)

· Reduces congestion at exits by over one third (36%)

· Directs us towards the nearest, safest exit

Every time.

It is the brighter, quicker and safer solution and helps keep people safe.

Substantial accomplishments to date

The concept was identified in January 2018. We worked hard and launched our dynamic, exit sign technology at Firex (a market-leading event) that year.

We’ve since brought the offices of some great brands into the 21st Century including: Apple, BBC, Dyson, McDonald’s, MetroBank, WeWork, and many more.

We’ve had enquiries from over a dozen countries globally with a 12-month sales opportunity pipeline of over £1.5M.

Key highlights:

· May 2018 – Launched at Firex

· November 2018 – Winner; ‘Fire Innovation of the Year’ award – Security & Fire Excellence Awards, IFSEC/FIREX

· March 2019 - Vienna, our first range, independently tested and certified by Lighting Industry Association (LIA)

· April 2019 - UK manufacture begins

· May 2019 - US patent granted

· May 2019 – Install Evaclite signage into the office of our first blue chip client, MetroBank

· June 2019 – Barcelona, our second, outdoor range, tested and certified by LIA

· April 2019 – Runner up; ‘Fire Safety Innovation of the Year’ award - Safety Health Awards

· January 2020 – First UK patent granted

· March 2020 – Finalist; ‘Fire Innovation of the Year’ award category - Safety & Health Excellence Awards

· April 2020 – Version 2.0 technology tested and certified by LIA

· June 2020 – Evaclite Ltd spun out from Bisley Two Innovation and Incubation Programme

· July 2020 - Monaco, our third range, independently tested and certified by LIA

Monetisation strategy

We are a product manufacturer and supply signs that are installed by others. As such, our growth strategy is simple. In order to grow, we need to sell more products to more customers.

We already have three market ready ranges and have established market fit and referenceability through supplying to the buildings of some large, international brands.

The next steps are:

· Develop existing relationships and drive known opportunities through to delivery

· Secure initial ongoing, strategic partners who are market leaders in the UK and are able to buy in volume such as integrators and distributors

· Identify key international strategic partners who are able to offer volume opportunities through licensing or equivalent

· Increase operational profit by driving down product cost through product development, value engineering, the supply chain and economies of scale

Whilst remaining lean and controlling overhead.

Use of proceeds

The plan is to use the majority of the funds received to build a sales team and supercharge our growth plan (60%) and inbound marketing campaign (28%).

We also plan to develop additional intellectual property (7%) with the remaining 5% to be spent on overheads and general costs.

However, we believe in remaining dynamic and adaptable. As such, we will modify this plan as required and in accordance with external factors to ensure we spend the money wherever it will deliver the highest rate of sustainable growth and best value for the business and its shareholders.

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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.

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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 £1,650,000

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.

Pitch type

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Equity Offered

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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.

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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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Business Involvement

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Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

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