Co Charger

Ordinary Shares

186%

raised
Investors
152
Hours left
0
Raised so far
£464,450

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

Target
£250,000
Min raise
£100,000
Offer opened
06/07/2021
Closing date
20/09/2021
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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.

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.