|Investing in||Low carbon shared mobility|
|Offer opened||11th February 2020|
|Offer closes||31st August 2020|
|Location of project(s)||Exeter|
|Offer price, per share||£1|
|Minimum investment amount||£250|
|Maximum investment amount||£100,000|
|Min. raise for offer to proceed||£100,000|
Co Cars expects to pay 5% interest annually. Interest will accrue from 01/08/2020 for any investment made on or before 31/07/2020 and then accrues from 30/11/2020 for any investment made from 01/08/2020 to 31/08/2020, with interest being paid on an annual basis no more than 90 days after the end of the calendar year. Withdrawal requests can be made 18 months after the offer closes.
Co Cars is looking to extend its membership from 1,600 users to 5,000, taking an additional 150 private cars off the roads of Exeter and consequently removing 149 tonnes of CO2 from the city's atmosphere each year. It will help tackle congestion and pollution in a rapidly growing city whilst giving everyone affordable access to the latest low carbon transport.
Learn more about key aspects of this share offer
Aims, social and financial performance, and how it's run
The information on this website is only a summary of the offer document.
Before applying for shares the whole text of the accompanying share offer document and business plan should be read.
If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.
Prospective investors should be aware that the value of the shares, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.
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