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Co Cars

Who benefits

Co Cars don’t just want to sell a mode of transport. They want to create greener, calmer more connected spaces where people can live and thrive. Their primary focus is to develop an exemplar city-wide shared mobility network.

Travel that is electric, shared and zero carbon

“I teach at Exeter College & at St Luke's campus & Co Bikes are the only way I can get from one to another quickly enough to start my class on time.”

Tim, Co Bikes member

In the UK, the sale of all petrol and diesel cars will be banned by 2035 at the latest.  Meanwhile, November 2019 saw UK electric car sales increase by 228.9% and projections suggest that, by 2050, 1.5 million electric bikes will be sold per year across 10 of our major cities.

By investing in on demand electric shared mobility solutions, Co Cars will give people affordable access to electric cars and bikes, support behavioural change and help minimise the impact on the National Grid.

When Co Cars deploys its cars and bikes it also works with stakeholders to look at how they can support and enhance existing public transport infrastructure. This helps to create ‘mobility hubs’ that combine multiple modes of transport in one physical location, supporting first/last mile connectivity and a ‘car last’ attitude which results in increased walking, cycling and public transport use.

For people in Exeter

 

Exeter is a vibrant and increasingly successful city, home to world class institutions including the Met Office and the University of Exeter. Outward investment means it expects to see sustained economic growth, particularly in the tech, environmental and life science sectors. For all these reasons, plus the fact that the city’s residents are never far from nature, means that it also benefits from a high awareness of, and engagement with, environmental issues.

However, the city’s growth is far outpacing its infrastructure. Over the next 20 years at least 50,000 new homes are projected to be built across the Greater Exeter area, 12,000 of which will be in the city itself. Exeter also has a travel to work area comprising nearly half a million people of which 35,000 come into the city on a daily basis.

The city’s historic road network leaves little opportunity for radical intervention and congestion already costs Exeter up to £63m per year. To put it another way, in 2017 each driver sat for an average of 24 hours in rush hour congestion, paying £1,068 for the privilege. And when they were moving, the average rush hour speed was just 4.6mph, the slowest in the UK.

Without Co Car's intervention, Exeter will simply run out of space.

In numbers

Your investment will enable Co Cars to grow their Exeter network whilst also improving capacity within the business to increase reach across the South West.

By summer 2021, Co Cars will have over 55 cars - of which at least 25 will be electric - and 150 electric bikes with a projected combined customer base in excess of 5,000 regular users.

Alongside Co Cars ongoing work with housing developers and other organisations, this will move them towards their goal of everyone in Exeter being no more than a 10 minute walk from a Co Car. Additionally, it will allow Co Cars to invest in improved booking and app based systems, onsite infrastructure and staffing to deliver improved customer experience, wider operational efficiencies and structured opportunities for growth.

It will also enable them move towards Co Cars' initial 2024 target of over 100 shared cars and 250 shared bikes.

This next phase of growth will mean Co Cars can increase the number of cars at other locations as well as look at introducing bikes and expand into new towns and cities across the South West.

Co Cars are already speaking to local authorities, housing developers and transport operators who want to work with an experienced, ethical, shared mobility partner to deliver zero emissions mobility across the region.

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