Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

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Co Charger

Ordinary Shares

177%

raised
Overfunding
Investors
138
Hours left
0
Raised so far
£442,450

Co Charger is a groundbreaking digital platform that’s helping advance electric vehicle (EV) adoption in the UK. Forecasting revenues of £35m by 2025, and targeting a return within 5 years. Pre-money valuation: £4,980,150.

EIS
Sustainable travel
Min investment: £1,000
Target
£250,000
Min raise
£100,000
Offer opened
06/07/2021
Closing date
20/09/2021
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  • Where your money goes
  • Team
  • Documents
  • Updates
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Updates

Closing Date of Share Offer extended to 20th September 2021

20th August 2021

A message from Joel Teague, CEO and Founder of Co Charger:

We are pleased to announce that Co Charger have successfully raised £267,500 from 89 investors. We would like to thank all our investors for your support and continued interest in Co Charger.  The capital raised from this investment will allow Co Charger to make key hires in the Marketing, Commercial and Product teams to accelerate the Company’s growth and create the UK’s largest community charging network. Through removing barriers to EV ownership we are creating cleaner, greener spaces, and helping neighbourhoods improve their air quality by reducing CO2 emissions.  

In accordance with the Pitch Deck, the Board have made the decision to extend the offer to the 20th September 2021. We want to use this opportunity to reach as many investors as possible and continue to raise to the maximum £500,000 target..

Once again, we’d like to thank all our new investors for their support of Co Charger and for helping to make EV charging possible for everyone. 

Attached Files:

Co Charger Investor Update.pdf

Watch the EV webinar with Co Charger and additional Q&A

12th August 2021

Ethex hosted a webinar with Co Charger, myenergi, Co Cars and Elmtronics. It was an incredibly successful event and will be of interest to anyone considering EV ownership. You can watch the recording of the event here.
During and after the event, there were so many great and important questions, we recorded an additional Q&A session and you can watch this here.
If you have any additional questions on the Co Charger share offer, please get in touch with us at help@ethex.org.uk.

Watch the Co Charger Cuppa Club webinar

27th July 2021

Ethex CEO, Lisa Ashford chatted to Joel Teague, CEO and Founder of Co Charger for a Cuppa Club webinar, an informal chat to let you learn more about the organisation, what they do, goals and vision. You can watch a recording of the webinar here.
We are planning another webinar with Co Charger, to delve a bit deeper into their business model and future plans, keep an eye out for information on how to register.

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Co Charger
Company no. 12409523
Exeter, UK
Incorporation date: 17 January 2020

Your money will…

  • Help create the UK’s largest dedicated EV community charging network, helping people take control of their charging needs.

  • Help communities reduce CO2 within their neighbourhoods by powering more low carbon journeys.

  • Remove one of the key barriers to electric vehicle ownership in the UK increasing EV uptake, resulting in cleaner, greener spaces.

  • EIS Eligible Investments in the share offer are eligible for EIS tax relief at 30%.

The bigger picture

It’s estimated that air pollution causes 8.79 million premature deaths globally each year. It’s clear that we need cleaner air. Co Charger is a pioneering tech platform with a vision for greener, more connected places where people thrive. They aim to

  • Become the UK’s second largest charging network by December 2021, growing by 40% each month.
  • Support the transition to a zero-carbon transport system reducing CO2 emissions by over 100,000 tonnes by the end of 2022.
  • Remove one of the key barriers to EV ownership in the UK, by providing access to shared charge points, benefitting people and communities.
  • Enable 14.5m households to run an EV, by renting a neighbours charger.

Where your money goes

It’s your money so it follows that you want to know where it goes and what kind of impact you’re making. Co Charger will use your investment to;

  • Rapidly grow their user base to 350,000 by 2022, enabling their innovative technology to reach all areas of the UK.
  • Expand through recruitment, tech development and marketing, raising awareness and helping more people choose electric vehicles.
  • Fund their innovative, impactful tech start-up, helping them help more people make the switch to sustainable transport, resulting in fewer deaths from air pollution.
  • Continue to provide community-owned solutions to the barriers people face to owning an electric vehicle in a residential area.

Team

Co Charger is developing a community that helps to accelerate electric vehicle (EV) adoption. Through their app, they enable people who cannot charge a vehicle at home, to do so within quick walking distance of their home,
https://co-charger.com/

Joel Teague

CEO & Founder

Joel has 30 years large scale transformation programme management experience in the automotive, scientific and military intelligence sectors. He is a member of EV Steering Group - The Association of Renewable Energy and Clean Technology and owner of 2 previous businesses. 

Sam Routledge

NED & Investor

Sam is a highly experienced sales, service and solutions management professional. He is also the CTO of Softcat plc, a leading provider of IT infrastructure solutions and a FTSE 250 listed company.

Mark Hodgson

Director & Advisor

With an MBA in business support Mark's areas of experience include renewable energy, clean tech and public sector partnerships. He is the managing director of both Co-Cars ( the largest car club in the South-West), and Co-Bikes ( the 1st on street public electric bike sharing service in the UK).

James Hill

Director & Advisor

James is highly experienced, well-connected and respected in the UK’s automotive sector. He is the Chief Operating Officer for Dealerweb (Eight Technology) vendors of the UK’s leading car sales software.  


Lyn Major

Director & Advisor

With over 35 years experience leading technology development and delivery, Lyn is the CEO & Founder of Jemtx Ltd, which is responsible for Co Charger's technology.

Lee Hudson

COO

Lee has 26 years of turning strategy into scalable businesses. He has founded 2 companies and thrives on a challenge and ambitious vision.

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Interest accrual and payment

Hopes, aims, targets, projections (including the Financial Projections in this Offer), plans, expectations or intentions contained in this document are no more than that and should not be construed as forecasts.

Getting your money out

Although transferable, the shares will not be traded on a recognised exchange and are therefore non-readily realisable. Applicants should consider investment in the shares as a long-term commitment as the amount invested will not be available to them until an exit event occurs.

Investing on behalf of children

This offer is not eligible for investment on behalf of children.

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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.

Risk Warning

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.