Sponsored by 3ti
Founded in 2019, 3ti turns car parks into renewable energy power stations. They are on a mission to get businesses and vehicles “Driving on Sunshine®” by deploying large-scale solar arrays in car parks, on rooftops & waste land whilst also growing an extensive, reliable EV charging network with their easy to install, multi-award winning pop-up, mini solar car park, Papilio3®.
As the UK’s leading designer, installer, funder and operator of Solar Car Parks (SCPs), 3ti is passionate about replacing fossil fuels with renewable energy and believes that providing low carbon electric vehicle (EV) charging infrastructure is the key to decarbonising the transport sector. Where better to do that than in a car park?
3ti has a unique three technology (“3t”) approach to generating renewable energy from car parks. By integrating local mains electricity with solar power, Battery Energy Storage Systems (BESS) and EV charge points, 3ti provides secure, consistent, clean solar energy for businesses whilst simultaneously providing low carbon, fast EV charging infrastructure for workplace and destination charging.
It has also been awarded £2m non-dilutive R&D funding to integrate V2X technology into its industry-leading Smart Microgrid platform, “3tiG”, via a major Papilio3 trial demonstration.
82% of Global energy is still derived from fossil fuels. Electrification with renewable energy is the only way to achieve Net Zero by 2050.
Tim Evans, Founder & CEO commented, “Net zero can only be achieved by electrification with renewable energies and to do this, UK solar PV capacity has to be increased 5x, EV charge points increased 54x & £50bn spent on grid upgrades by 2035.”
Promoting positive change for the planet, through clean, low carbon, low cost energy is part of 3ti’s commitment to providing the UK with sustainable, effective solar and battery boosted destination and workplace EV charging.
Having been involved in renewable energy since the ‘90s, whilst working in Germany, Tim has watched with increasing concern the impact that climate change has already had and is continuing to have on the world we live in.
Tim believes that the time for positive climate action is now. 3ti’s company motto is ‘Leave Something Better Behind®”, a belief that he has always strived to live by but with increased focus since becoming a grandfather.
“We are raising investment on Crowdcube to grow the company further and faster, in the booming solar and EV charging markets and to enter new energy storage and flexibility markets, worth collectively in excess of £200bn over the next 12 years.”
In less than 24 hours of being live on Crowdcube, 3ti smashed its crowdfunding target and is currently overfunding. They raised over £3m in their last fundraising campaign 18 months ago, have since become a Certified B Corp™ and:
- Expanded – the team to 33
- Reported – £6m revenue for the year to June 2023
- Achieved – 48% year-on-year revenue growth
- Hit – £16m total revenue
- Won – 5 Innovation, “Best Product” & “Technology” industry awards for Papilio3
- Built – 15MW solar PV
- Delivered – over 9,000 EV charging sessions from Salisbury to Scotland
- Received – Papilio3 enquiries from 22 countries
- Grown – the sales pipeline to over £250m
- Completed – feasibility studies for international expansion
- Secured – £2m non-dilutive R&D funding to develop its new Smart Microgrid platform, 3tiG
Tim further commented, “This is a hugely exciting next chapter for 3ti, as we develop technology that will further differentiate our products and services and enable us to penetrate new markets with recurring revenues”.