UK technology company Sunstone, has raised £592,000 from over 450 investors via crowdfunding platform, Crowdcube. Its target was £500,000.
Sunstone has developed solar powered products that provide surveillance, wireless networks and satellite communications to sites around the world. Paul Schelhaas, co-founder and chief executive, said “Our products cater for all manner of scenarios without the need for groundworks, civil engineering or bureaucracy. It is something we’re seeing a huge amount of interest in.”
Its core product, the Solar IP CCTV System (SICS), is a surveillance system powered entirely by solar energy, it delivers HD CCTV and telecommunications in remote locations
Following the successful fundraise, Sunstone will add two new products to its portfolio. The majority of the investment will be used to build a unit for the UK construction and highways infrastructure market. It will be smaller, more portable and designed for shorter turnaround jobs than SICS. The ambition is to build at least 30, with production starting in early 2019 and the first unit available in May.
Sunstone will also use the investment to manufacture its solar power station, a permanent or semi-permanent fixture that can provide telecoms support in areas of mobile reception black spots. It also has the capacity to provide the role of a data centre.