The Big Picture

Co Cars is the South West’s leading low-carbon, on-demand shared mobility scheme. The community benefit society has over 1200 active members, who have reported a 30% reduction in car use, a 15% reduction in travel costs and a 20% increase in walking and cycling as a result of using their services.
In the last five years, Co Cars has removed over 150 private cars from the road, saving 149 tonnes of CO2 per annum. Following a successful raise via Ethex, they are increasing their fleet of electric vehicles and expanding their membership, removing an additional 150 cars from the road and a further 230 tonnes of CO2 per annum.

The big raise

Co Cars launched their share offer on Ethex in March 2020 - just before the COVID-19 crisis hit. Working together with Ethex, the Co Cars’ team tapped into investors’ desires to ‘build back better’, to successfully reach and pass their original target of £600,000. By working in close collaboration and reaching out to their community and the Ethex network, the raise achieved attention from individual and institutional investors alike. We secured some national press coverage for the offer in The Guardian, which boosted public interest. The process was smooth and over £665,000 was invested to enable Co Cars to make places more live-able, people’s lives better, reduce emissions and cut congestion.

Despite being in a difficult time to raise finance, Ethex helped us successfully blend corporate and individual investors by amplifying the message of what Co Cars can achieve for the future of transport.

Mark Hodgson CEO, Co Cars

Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.

Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.