FullUp 1A
The use of IoT to reduce distribution cost for stockable energy sources
€136,150
total amount raised
- Backed by over 70 investors
- Eligible for a tax reduction
This campaign has been closed
Historical accounts
Fullup finished it's R&D and industrialisation phase late 2018 and it know ready to take the product to the market. Early revenues account for 156.000€ until 12/2018 and 40.000€ for the two first months of 2019 in its commercial launch.
Investments are slowing down and marketing costs are increasing.
Investments are slowing down and marketing costs are increasing.
Financial plan
Revenue drivers
Hardware:
Fullup is still taking a margin on the hardware sale.
Licence:
Fullup sells the hardware as a service and is taking a monthly fee on the use of its device and the software attached. The lifetime of the customer is expected to be 5 years with a 5% churn rate.
Fullup is still taking a margin on the hardware sale.
Licence:
Fullup sells the hardware as a service and is taking a monthly fee on the use of its device and the software attached. The lifetime of the customer is expected to be 5 years with a 5% churn rate.
Cost drivers
Staffing is the most important.
Stock is financed through debt, and we have short production delays to guarantee us a minimum stock.
Stock is financed through debt, and we have short production delays to guarantee us a minimum stock.
