Saudi-backed UK cleantech startup collapses – corporates invited to buy up assets
13 Nov 2026
16:58
A UK-based cleantech startup backed by the Saudi Arabian Royal Family has collapsed after 17 years.
The power-generating floor tile maker is looking for buyers to acquire its remaining IP following its entering administration.
Filings seen by Impact Loop reveal significant losses for the company.
The power-generating floor tile maker is looking for buyers to acquire its remaining IP following its entering administration.
Filings seen by Impact Loop reveal significant losses for the company.
Pavegen, a London-headquartered cleantech company backed significantly by Saudi Arabian money, is looking to sell off its assets to corporate buyers after entering administration.
Founded in 2009, Pavegen developed floor tiles that could turn the kinetic energy from footsteps into usable power.