Need some help? Close Help


UK - London
Date Rated:
Valuation (Pre Money):
Industry: Manufacturing
Location: UK - London
Platform: Crowdcube
£350,000 Expansion
Valuation: £7,000,000
Date Rated: 06/02/18



Tax Status: SEIS & EIS

Business Summary

eFOLDi is a portable electric scooter developed by SunTech UK Ltd, a research-driven UK business aiming to help people with reduced mobility. eFOLDi can be neatly folded into a piece of luggage for easy transportation and storage, compact, lightweight and versatile. This round of investment will be used to manufacture initial stocks, carry out sales and marketing campaigns, and complete new R&D projects.

Financial Overview

Date (y/e) Dec-18 Dec-19 Dec-20 Dec-21
Sales Dec-18£2,290,000 Dec-19£4,580,000 Dec-20£8,480,000 Dec-21£9,330,000
Gross Profit Dec-18£1,220,000 Dec-19£2,520,000 Dec-20£5,090,000 Dec-21£5,610,000
GP as % sales Dec-1853% Dec-1955% Dec-2060% Dec-2160%
Overheads Dec-18£550,000 Dec-19£1,160,000 Dec-20£1,880,000 Dec-21£2,160,000
Operating Profit Dec-18£670,000 Dec-19£1,360,000 Dec-20£3,210,000 Dec-21£3,450,000
OP as % sales Dec-1829% Dec-1930% Dec-2038% Dec-2137%
Closing Cash Dec-18- Dec-19- Dec-20- Dec-21-

Note: This financial information has been sourced from the company on 07/02/2018. Financial data is NOT verified by Wheatfromchaff Ltd.
The Founders have proven their product development skills and they have a supporting operational team to help manage the business.
The Founders have gained great start-up experience and a strong insight into the industry over the last years and they will be supported by an experienced Sales and Marketing team.
Although most part of the team is part-time, the Founders have invested many years and substantial funds into the business and if successful, they could expect a substantial financial reward.
The rise of electric motors has opened up great potential in the area of small personal vehicles and the company has already secured distributors in several key markets.
The product was a winner of a British Invention Award in 2016 and the company has already signed distribution agreements worth £4.9m and been awarded grants to continue developing products.
The team has received patents in the US and China with patents pending in Europe and India, and it seems eFoldi has a significant competitive advantage in terms of usability and portability.
Given the number of orders already paid for, the first year' sales projections are underpinned and the planned marketing spending should help to achieve the expected growth in the mid-term.
There is insufficient information available to fairly rate this aspect of the business
If the team can deliver the intended growth without increasing the overheads significantly from the forecast, investors could expect over four-fold returns from a trade sale exit.


The company has proven commercial traction and has built an engaged customer database with agreed orders of 4.9k units and over 1.3k units already paid for, all this with a minimal investment in marketing. They have gained significant entrepreneurial experience and they have a clear vision how to move forward. The market seems to be growing steadily and the company should find many opportunities to grow with a patented and competitive product.

Related Links

Crowdcube Pitch


Right To Reply

Are you the entrepreneur? If you would like to publish a comment on our rating, please contact the ratings team.

Latest Forum Comments

Read All Comments


The views and opinions expressed on this bulletin board are the sole property and responsibility of the author. Neither Crowdrating nor Wheatfromchaff Ltd, nor any of the directors or officers of Wheatfromchaff Ltd accept any responsibility or liability for them. Readers should be aware that comments do not constitute investment advice and may be inaccurate. Please seek to verify and take advice on all comments before relying on them in the context of any investment decisions you may make. if you wish to use the bulletin board please be aware you are accepting full responsibility and liability for what you write. Please look here for more specific rules we impose on people using our bulletin boards. We moderate all bulletin boards and we reserve the right not to publish your comments.


Your capital is at risk when you invest in shares and debt securities. You can lose some or all of your money and may not be able to realise your investment. Therefore you should should never invest more than you can afford to lose. If in doubt about the suitability or tax implications of any investment, please seek independent financial advice. 

Information published on this website and any other reports or ratings published on or by Wheatfromchaff Limited (trading as Wheatfromchaff) have been prepared by us in the United Kingdom for information purposes only. Wheatfromchaff Ltd is Authorised and Regulated by the Financial Conduct Authority FRN: 751017. 

No content on this website or on any reports or ratings published on this website nor any copy of it, nor any other reports or copies of them published on may be reproduced, redistributed or copied in whole or in part for any purpose. Any and all reports have been approved by, and are being distributed in the UK and the European Union (EU) only and are not to be distributed in any other jurisdictions where their distribution may be restricted by law and persons into whose possession this or any other reports come should inform themselves about and observe such restrictions.

This report and any other reports published on do not constitute an offer or a solicitation to buy or sell any securities referred to herein. It should not be so construed, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. The information on this website or in reports or ratings published by Wheatfromchaff, or on which this or any other reports are based, has been obtained from sources that Wheatfromchaff believes to be reliable and accurate, and in accordance with COBS 2.4 of the FSA Handbook we have verified it to the best of our ability. However, it has not been independently verified and no representation or warranty, express or implied, is made as to the accuracy or completeness of any information obtained from third parties. The information or opinions are provided as at the date of this report or any other report publication dates and are subject to change without notice. The information and opinions provided in this and any other reports take no account of the investors/ individual circumstances and should not be taken as specific advice on the merits of any investment decision. Investors should consider any or all of the reports or ratings we publish as only a single factor in making any investment decisions.  

Wheatfromchaff does not accept any liability whatsoever for any direct or consequential loss however so arising, directly or indirectly, from any use of this report nor its contents. Investors may receive back less that they invested as investments may fall as well as rise in value. Investors should obtain independent advice based on their own circumstances before making investment decisions. By accepting this report you agree to be bound by the foregoing limitations.

The Ratings we publish have been approved and issued at Financial Promotions in the United Kingdom by Wheatfromchaff in the United Kingdom who is Authorised and Regulated by the Financial Conduct Authority FRN: 751017. Wheatfromchaff Limited registered office is Kilver Court, Kilver Street, Shepton Mallet, Somerset, BA4 5NF and telephone number +44 (0) 1749 347 577. Telephone calls may be recorded. VAT No: 214 0196 49

© Wheatfromchaff Ltd All Rights Reserved February 2017