4 years ago

Wadi Makkah Ventures Invests in Pavegen's Series A Funding Round

  • Pavegen, a London-based startup specializing in kinetic walkways that convert footsteps into clean energy and data insights, has secured a significant investment from Wadi Makkah Ventures as part of its Series A funding round

  • The investment, which totaled £5 million, was led by an Indian-based company and several other leading tech investors

  • Wadi Makkah Ventures, a Saudi Arabian investment firm, is interested in applying Pavegen's technology in the Holy Capital to provide clean electricity and collect data for crowd management

  • The investment aligns with Wadi Makkah Ventures' goal of supporting local and international startups that improve services in the Hajj and Umrah sector, making Makkah a smart city and the Hajj and Umrah journey more convenient.

      • ProblemRenewable Energy

      "Cities around the world need sustainable ways to generate clean energy and collect data for crowd management."

      Solution

      "Pavegen creates kinetic walkways that convert footsteps into clean electricity and data insights, providing a sustainable energy source and valuable data for urban planning."

      Covered on