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ClearlySo client Tonik Energy and The Phoenix Works team up to deliver next phase of renewable energy and technology propositions

Parent company of Tonik Energy, RETIG Ltd, announce the acquisition of leading green technologies provider The Phoenix Works.

September 12, 2018: Tonik Energy announced today that their parent company, RETIG Ltd, has acquired leading green technologies provider The Phoenix Works. The agreement strengthens the already established partnership between the two companies who have been working together since early 2017 developing, selling and installing integrated solar, battery and EV solutions as part of a joint ambition to enable increased uptake of distributed energy.

Thomas Newby, managing director of The Phoenix Works explains, “From the first time we were introduced to Tonik it was clear their approach would differentiate them in the energy market.  Unlike others in the sector, Tonik’s core plan to integrate smart technologies into their customer offering, rather than look to add installation services as a bolt on, is refreshing and progressive.  Chris has brought together a diverse, enthusiastic team of experienced industry specialists to deliver his vision.  Combined with a common approach of customer-centric service and quality, we are excited to be joining the team.  Together we can deploy clean-tech solutions at scale whilst delivering outstanding value and innovation for our customers.”

The Phoenix Works (the trading name for Phoenix Renewables), was founded in 2010 by Thomas Newby and Matthew Morgan. Based in Leeds, the team of more than 20 skilled specialists are passionate about deploying renewable technologies nationwide in both homes and businesses. They have built up a strong reputation for delivering quality products and technical excellence, combined with exceptional customer service. The company has broad experience in a wide range of clean-tech solutions, from residential solar and battery storage systems, to public electric vehicle charging networks.  They  work closely with recognised, trusted technology providers such as SolarEdge, Enphase, Tesla, LG Solar, Trina Solar, SunPower, Ensto, EO charging, eVolt and ABB, to deliver market leading solutions. The team are Solar Power Portal award winners and are accredited Which? Trusted Traders.

Tonik Energy is a fast-growing renewable energy and technology supplier established in 2016, employing over 100 people in their Birmingham office. In June this year the company was presented the award for ‘Customer Service Recognition’ by the Renewable Energy Association (REA), to celebrate delivering customer service excellence and innovation whilst adding value to their customers. Tonik’s mission to halve their customers’ energy bills through the rollout of renewable technology is strategically aligned with Phoenix’s expertise in the design, implementation and maintenance of green technology solutions.

Both businesses share a common goal of driving the uptake of renewable technologies to tackle both climate change and fuel poverty. Together, over the next 3-years, Tonik and Phoenix plan to rollout over 10,000 electric vehicle charge points and deploy a mass market solar and battery storage solution across UK homes and businesses.

Chris Russell, managing director of Tonik concludes, “From our early conversations with Thomas and Matt, it was very clear that there was a great synergy between the two businesses. Our common belief in the importance of delivering a high-quality, customer focused, renewable future for the UK has been the foundation of our partnership to date. In a world where sophisticated clean-tech is being installed into the fabric of homes and relied on for transport, quality is absolutely paramount – and that is something that the Phoenix Works have nailed to date.  By aligning Tonik and Phoenix even more closely, we believe we are well placed to accelerate our plans even further; there is a massive opportunity to unlock genuine value and carbon savings for customers.   In doing so, we can remove the existing barriers to purchase that many households and businesses have come up against in the past, changing the way people generate, store and use energy. This represents a unique opportunity for people to take control of both their energy bills and their carbon footprint by deploying renewable, distributed energy solutions.

 

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ENDS

 

About Tonik Energy

Tonik Energy is a renewable energy company that wants to do more than simply supply clean, affordable gas and electricity. By accelerating the uptake of microgeneration, battery storage and electric vehicle charging infrastructure, we plan to halve our customer’s bills by 2022, putting the consumer in control of how they generate, store and use energy.

We believe it is entirely possible for the customer to save money and be good to the planet without compromising on home comforts.

 

About The Phoenix Works

The Phoenix Works is a clean-tech business built on reputation, quality and customer service. We have our own highly-skilled workforce and have built excellent relationships with industry leading manufacturers. Our specialisms include installing solar photovoltaic systems, electric vehicle charging infrastructure and energy storage systems.

 

For all press enquiries, please contact:

Alex Moss, Dirt & Glory Media

07977133705

alex.moss@dirtandglorymedia.com

For investor relations, please contact:

Jim Hayward, Tonik Energy

07958 925872

jim.hayward@tonikenergy.com

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Oddbox Kickstart the Wonky Veg Revolution

Oddbox, the UK’s biggest independent wonky veg box scheme smashes funding target by raising £520,000. This investment will help Oddbox reach 600% more households by 2019, enabling the business to hit sustainable and ethical zeitgeist.

London, United Kingdom – Oddbox, London’s biggest independent wonky fruit and veg box scheme, reached its crowdfunding target in record time to enable it to expand its unique service to even more customers. It initially hoped to raise £350,000 but investors saw the huge potential offered by the business and it over-funded to a tune of £520,000.

The purpose-driven business has captured people’s imagination by offering a quality, sustainably-sourced product which is conveniently delivered to your door at a great price. Oddbox’s weekly boxes are filled with delicious wonky and surplus fruit and veg that have been rescued from farms and would otherwise have been wasted. It pays farmers a fair price for their produce and donates up to 10% to tackle food poverty by partnering with charities like City Harvest.

Oddbox launched in 2016 and delivers to over 1,600 homes in South London and 85 offices in central London but has a waiting list of over 3,000 people keen to subscribe. The £500,000 investment will be used to upgrade its tech platform, build a strong brand, optimise operations and expand the expertise in its team. This will help the business broaden its delivery area to reach their goal of 12,500 customers by 2019 but the work has already begun with 15 new postcodes in West and East London rolling out from August

Emilie Vanpoperinghe, Oddbox co-founder explains: “We are incredibly humbled to have exceeded our investment target in such a short space of time. The support we have had from customers and investors has been phenomenal and we can’t thank them enough. We believe wholeheartedly in our wonky fruit and veg scheme and we’re looking forward to bringing it to more people.

We won’t stop there though, our mission is to fundamentally shift food standards and eventually, normalise wonky produce and we need everyone to get involved. Come and join the wonky veg revolution with us!”

Oddbox was inspired by eating a misshapen but delicious tomato in Portugal and the founders wondered why they couldn’t get similar produce in the UK. When they returned from holiday, they convinced two British farmers to sell them their imperfect and surplus produce which they paid a fair price for. They boxed it up, charged 30% less than other veg box schemes and delivered them to 10 customers in South London from the back of their car.

ClearlySo, Europe’s leading impact investment bank, supported the fundraise by helping with pitch preparation, managing the due diligence process and making introductions to family office and high-net-worth individual investors.

Hayley Collen, investment director at ClearlySo commented: “It was a pleasure working with the Oddbox team to help them raise funding to expand their operations and tackle the vast food waste challenge.”

For more details on Oddbox, visit: www.oddbox.co.uk

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Notes to Editors:

For media enquiries, photography or comment please contact:

Vickie Rogerson at North PR – vickie@northpr.co.uk / 07951 602410

Maria Bell at Oddbox – maria@oddbox.co.uk

John Lloyd at ClearlySo – john.lloyd@clearlyso.com

 

About Oddbox:

Oddbox delivers small to large seasonal wonky fruit and vegetable boxes weekly or fortnightly to people’s homes in South and West London. It works with and pays a fair price to over 30 growers in England. It charges around 30% less that similar veg box schemes and starts at an affordable £8.99 for a small veg box with the largest box costs £17.25 which caters for a large family.

It also delivers fruit boxes to offices around London.

About ClearlySo:

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses, charities, and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 130 clients raise more than £200 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

In addition, ClearlySo ATLAS helps investors assess the social and environmental impact of their venture capital and private equity investments and guides them towards a sustainable investment strategy.

ClearlySo is headquartered in London.

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ClearlySo client capital raising activity doubles (£200 million+) as impact investing enters mainstream

ClearlySo, Europe’s leading impact investment bank, announced today that client capital raising activity has doubled since 2016 and has now surpassed £200 million.

London, United Kingdom ClearlySo, Europe’s leading impact investment bank, announced today that client capital raising activity has doubled since 2016 and has now surpassed £200 million. This marks a dramatic acceleration as ClearlySo’s clients have raised more capital in the last two years than in the previous eight.

Impact investing, which considers social, environmental and/or ethical impact (the third dimension) alongside risk and financial return, has grown rapidly in recent years. Research increasing demonstrates that investment opportunities exist that are both high impact and financial return—and there is no necessary trade-off [between the two].

The rapid acceleration in capital raising activity by ClearlySo’s clients is evidence of growing mainstream interest in impact investing. Over the past two years, ClearlySo has seen an increase in the size of capital raising mandates, including substantial series A and development capital funding rounds for Upside Energy, HCT Group, Bulb, SuperCarers and Knowledgemotion, with several mainstream institutions investing.

Rodney Schwartz, chief executive of ClearlySo, stated: “It is gratifying, after so many years of toil, to see investors embracing the idea of values-driven investing.  They see that their clients (pension funds, HNWIs and Limited Partners) increasingly care about the positive impacts of their financial assets.  Institutions which ignore this surging interest do so at their peril.”

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 Notes to the Editors

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses, charities, and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 130 clients raise more than £200 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

In addition, ClearlySo ATLAS  helps investors assess the social and environmental impact of their venture capital and private equity investments and guides them towards a sustainable investment strategy.

ClearlySo is headquartered in London.

 Further Information

John Lloyd
Chief Marketing Officer
ClearlySo
E
: john.lloyd@clearlyso.com
T: 0207 490 9520

www.clearlyso.com
www.linkedin.com/company/clearlyso
@clearlyso

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HCT Group secures £17.8 million in funding to tackle social isolation

The UK’s leading community transport operator, HCT Group, secures £17.8 million in funding to tackle social isolation with the help of ClearlySo.

London, United Kingdom HCT Group, the UK’s leading community transport operator, announced today that it has secured a £17.8 million funding package with the help of ClearlySo, Europe’s leading impact investment bank. The funding will be used to accelerate HCT Group’s growth, providing the working capital to continue their rapid expansion and to provide the funds to acquire commercial bus operators and turn them into social enterprises.

In today’s world the more vulnerable you are, the greater barriers to access you face. A disabled person travels just over half (57%) the distance per person per year when compared to a non-disabled person – 4,245 miles per year versus 7,670 miles. A full quarter (25%) of people with disabilities report difficulties with any type of trip. These figures represent a substantial diminishment of disabled people’s lives – opportunities missed, friendships eroded, leisure foregone, horizons closed off.

Originally founded in 1982, HCT Group is a rapidly growing social enterprise that helps tackle this social isolation by providing transport for marginalised people and communities, paid for by the revenues of commercial bus contracts. HCT Group operates at genuine scale, with a fleet of 732 vehicles based in 13 depots, safely providing over 30 million passenger journeys per year.

ClearlySo supported HCT Group in all facets of the fundraise, including advising on terms, development of the financial model, and approaching and negotiating with existing and new lenders, including two commercial investors new to impact investment.

Big Issue Invest led the round which consists of a refinance of legacy debt and an injection of new capital. City Bridge Trust, Esmée Fairbairn, HSBC, MFS, Phone Co-op, Social and Sustainable Capital, TriplePoint and four high-net-worth individuals from the ClearlySo network also participated.

Dai Powell, chief executive of HCT Group, stated: “Since our last fundraising round, HCT Group has grown by over 40 percent, using the investment to help resource our growth. Social isolation remains a vast and growing problem and the latest funding will enable us to accelerate beyond organic growth to bring our services to even more people.”

Further commenting, Chris Parsons, head of investment banking at ClearlySo: “This is the largest fundraise by a social enterprise in the UK so far in 2018 and provides further evidence that you can build a sustainable business that generates an enormously positive social impact. ClearlySo is proud to work with HCT Group, a client for over ten years, to help them obtain the funding they need to reduce social isolation through access to transport.”

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Notes to the Editors

About HCT Group

HCT Group is a social enterprise in the transport industry, safely providing over 30 million passenger trips on our buses every year. We deliver a range of transport services – from London red buses to social services transport, from school transport to whole bus networks, from community transport to education and training. We reinvest the profits from our commercial work into further transport services or projects in the communities we serve.

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses, charities, and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 130 clients raise more than £175 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

In addition, ClearlySo ATLAS  helps investors assess the social and environmental impact of their venture capital and private equity investments and guides them towards a sustainable investment strategy.

ClearlySo is headquartered in London. 

 Further Information

Frank Villeneuve-Smith
Communications Director
HCT Group
E:
frankvilleneuve-smith@hctgroup.org
T: 0207 608 8954

hctgroup.org
www.linkedin.com/company/hct-group

Quynhnhu Nguyen
Marketing Manager
ClearlySo
E
: quynhnhu.nguyen@clearlyso.com
T: 0207 490 9520

www.clearlyso.com
www.linkedin.com/company/clearlyso

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Six ClearlySo clients cited on The Edtech50 as leaders in education technology

Six ClearlySo clients have been honoured on The Edtech50, launched yesterday by Edtech UK and Jisc at a House of Lords reception.

London, United Kingdom ClearlySo, Europe’s leading impact investment bank, announced that six of its clients have been honoured on The Edtech50, launched yesterday by Edtech UK and Jisc at a House of Lords reception. The awards recognise products and projects demonstrating effective and impactful use of Edtech in the UK, along with individuals who have played a leading role in developing this area of work.

ClearlySo clients that won awards or were mentioned as “ones to note” (denoted in italics below), include:

– boclips: Cloud-based platform that makes it easy for education providers to find, license and use video from some of the world’s largest and most respected content producers.
eCadets: Online safety education platform empowering kids to keep schools safe. More than 3,300 schools, especially primaries, supported across the UK. GoBubble – the safe social media for under 13s.
– EduKit: Innovative social enterprise committed to ensuring that all students can achieve their potential with particular focus on those from disadvantaged or difficult backgrounds.
– Night Zookeeper: Digital learning tool that inspires writing through competitions, fun and the power of story.
– Sumdog: Adaptive learning service that uses ‘gamified learning’ to improve students’ results in Maths and English.
– Third Space Learning: Team of teachers and technologists who work with primary schools across the UK to transform pupils’ attainment and love of maths.

According to the government’s Digital Strategy, published in Feb 2017, education technology is one of the fastest growing sectors in the UK, representing 4% of all digital companies. Over the past decade, ClearlySo has played a leading role in helping dozens of these high-growth high-impact Edtech businesses obtain the capital they need, from seed stage through series A, to launch and scale their operations.

Commenting on The Edtech50 announcement, ClearlySo CEO Rodney Schwartz stated: “Edtech firms represent our best hope for future generations.  These firms are essential if we are to effectively disrupt an out-of-date, inefficient and increasingly ineffective system of education designed for the world of 100 years ago.  ClearlySo is proud to help raise capital for these impactful innovators.”

The official announcement and full list of award winners may be found here.

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Notes to the Editors

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 125 clients raise more than £175 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

In addition, ClearlySo ATLAS  helps investors assess the social and environmental impact of their venture capital and private equity investments and guides them towards choosing sustainable businesses that deliver long term benefit to people, planet and the bottom line.

ClearlySo is headquartered in London.

Further Information

John Lloyd
Chief Marketing Officer
ClearlySo
E
: john.lloyd@clearlyso.com
T: 0207 490 9520

 

 

 

 

 

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