In 2017, Enerwhere raised more than US$1million in equity crowdfunding through Eureeca, which resulted in further growth of the company and projects. After an overwhelmingly positive investor experience in 2018, Enerwhere is raising again on Eureeca to ensure that individual investors and not just institutional investors can benefit from its growth.
The Energy Sales business requires significant capital investment in solar equipment, battery storage, AC & remote monitoring equipment. To maximize revenues & minimize fuel spend, management is planning to invest 60% of the funds in assets. The investment will be deployed quickly into existing contracts and near term pipeline.
Enerwhere also wants to develop intellectual property and patent the technology to remain the leading solar utility company in the MENA region.
This proposal has a minimum target of £385,500 and will be marked as successful once that target is reached.