Pavegen, a UK startup which harvests energy from people’s footsteps and also tracks that data, has raised £2.6m on its crowdfunding push having doubled its initial £950k target.

The campaign secured funds from over 1,400 investors, including partnership and anchor investment from major global engineering conglomerate Hinduja Group and family investment firm Tamar Capital.

The Hinduja Group, whose Co-Chairmen topped the UK 2019 Rich List, aims to use the technology to reduce the cost of manufacturing and provide access to fast-growing markets in India and South East Asia.

The funding round follows expansion into 36 countries worldwide, and £1.8m in revenues in 2018, with installations including smart city developments, retail destinations, transport hubs and education institutions in Hong Kong, India, Korea, Thailand, UAE, UK & USA.

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