SEED FUNDING ROUND TO CLOSE EARLY
We are closing the Megawatt Mosaic Ltd Seed Funding Round on 15th January 2023, four weeks early or when we hit 750k banked, whichever is sooner.
While operations have already started, MM’s cycle of deployment to revenue is 6-9 months. Thus, in order to be revenue positive and ready for our Series A Round in September 2023, we need to drive funds in and deploy. In the Series A Round, next year, we plan to recoup existing SEED investors though the sale of a portion of their holding (Sustainable Investing, Investing Sustainably).
At present, for this round, we have excess of £450,000 banked and written and a further £1,506,420 (min) to £2,562,814 (max) in expressions of interest from our SEEDRS Marketing Campaign, though these figures can net down significantly.
We will now not be going live on SEEDRS this round, and will be funding the business directly through the company. As such, to download an Information Memorandum containing BESS and European Solar reports and Business Forecasts please click the button below:
The objective, however, remains the same: to develop 2.8GWn of BESS and Solar Projects in the first 3 years on behalf of third parties. As specified, MM completes the early studies / Pre-Construction Development and sells on. We are currently working on nine sites which should yield circa 250 MWn of BESS and SOLAR and are analysing a further 100 electricity nodes for potential projects.
In terms of emission reductions, with BESS, this is difficult to define as BESS facilitates more renewables. In terms of Solar, it’s reliably circa 1,000 tons CO2e per MWn, making Solar No 1 or 2, in terms of CO2e mitigation per $ invested, but with less intermittency than wind.
Please click on the link below to view MM’s Promotional Video.
I have worked in this sector since 2008: 2008-2012 were boom years, 12-21 were difficult, but now the tailwinds of climate change mitigation are blowing relatively strongly.
A full report on Climate Change Mitigation, why were not going live on SEEDRs, and MM’s development will be provided on Tuesday, but it’s probably worth downloading an IM now and having a read over the Christmas Period
To ask any question in regard to the above or anything else please simply reply to this email or fire me a text or WhatsApp on 0044 7832 100165.
Nicholas Dimmock (BA MBA CASS)
Head of Investor Relations
Megawatt Mosaic Ltd