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

Wenea South West

Fixed Rate Unsecured Ten Year Bonds

31% raised
6%

Forecast
return

Investors
193
Hours left
0
Raised so far
£656,700

Wenea are electrifying the transport system in Devon, tackling the problems of air pollution and carbon emissions by providing a public network of rapid electric vehicle chargers

IFISA
Clean energy
Sustainable travel

Target
£2,100,000
Min raise
£400,000
Offer opened
11/03/2022
Closing date
30/06/2022
cycling race illustration

Wenea South West Limited
Company no. 13719274
Devon, UK
Incorporation date: 02 November 2021

Your money will…

  • Take action against climate change. Cutting traffic carbon emissions by enabling increased electric vehicle ownership.

  • Help improve air quality by reducing harmful emissions generated by petrol and diesel vehicles.

  • Help drive the Rapid Charge Devon project to provide at least 100 rapid EV chargers for public use in Devon.

  • Earn a potential tax-free return. Investments in the bond offer target a return of 6% and are eligible to be held within an Innovative Finance ISA*.

The bigger picture

Wenea is a leading mobile energy provider with one of Spain’s most extensive rapid EV charging networks. They are currently leading Rapid Charging Devon, an ambitious project that will provide a template for other on-street charging initiatives across the UK. The project will:

  • Deploy at least 100 rapid EV chargers across 44 locations in Devon, enabling more people to make the switch to electric vehicles.
  • More than double the current provision of public rapid charging in Devon, creating a significant impact on EV uptake and overall miles driven by EVs.
  • Improve public health in Devon by reducing harmful vehicle emissions.
  • Support Devon’s transition to a zero-carbon transport system - a vital step towards cutting the UK’s carbon emissions and taking action against climate change.

  • *IFISA eligibility depends on investors' individual tax status and current legislation.

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. Wenea will use your investment to;

  • Install and operate a further 86 rapid EV chargers in public spaces around Devon (in addition to the 14 chargers already installed).
  • Remove one of the main barriers to EV ownership, providing rapid chargers and an app to simplify booking and payment.
  • Level up Devon, where charging infrastructure lags behind the national average.
  • Successfully fulfil the Rapid Charge Devon project and allow Wenea to take advantage of other strategic opportunities as they arise.

Team

Wenea are electrifying the transport system in Devon, tackling the problems of air pollution and carbon emissions by providing a public network of rapid electric vehicle chargers
https://wenea.com/international/

Jose Manuel Zorrilla

Director

Mr Zorrilla is the CEO and founder of Diggia Group (originally called Gamma Solutions) in 2002. He holds an OPM (CEO’s program) from Harvard Business School, BA Business Management and Marketing (ESIC) and BA Business Administration (UCM). Mr Zorrilla has grown the business from its initial focus in telecommunications services, through its international expansion to its diversification into the energy and health areas. Driving the strategy, corporate finance and execution of all the Diggia Group, his vision has allowed Diggia to expand into new markets and sectors and in particular into the electric vehicle charging market through Wenea. He has been instrumental in forging alliances with investors, public institutions and industry peers to deliver Diggia’s business plan. Prior to Diggia, Mr Zorrilla worked in the Spanish embassy of Norway and as a consultant in Arthur Andersen.

Cesar Gonzalez

Director

Founder of Gamma Solutions in 2002 (later renamed Diggia) and currently leading the asset holding arm (Nordian), Mr Gonzalez holds a BSc Telecommunications Engineering from the University of Madrid and PADE from IESE Business School. Mr Gonzalez has managed the operations of the Group since inception with a particular emphasis in Telco and Energy. He is involved in all the stages of the projects from the quotations and offers until the final execution and finance. Mr Gonzalez has spearheaded the development and finance of the Group’s assets across UK, Spain and Latam focusing on client engagement, project delivery and agreements with all stakeholders. As CEO of Gamma Energy from 2014-2018, he has managed and developed M&A transactions and Gamma projects overseas. Since August 2020, Mr Gonzalez is the general manager of Sferaone, the Group’s engineering division focused on Energy transition and also Nordian, Diggia’s asset holding platform.

Jose Contreras

Director

Mr Contreras holds a BSc Hons (Economics), London School of Economics and an MBA from ESADE, Barcelona. He joined the Group in 2016 and has led the expansion of the Group in the UK, developing, financing and operating diverse business lines such as a portfolio of solar parks, energy efficiency projects and electric vehicle charging infrastructure. He formed the consortium for the Rapid Charging Devon project and has led its development since inception, liaising with public and private sector stakeholders to deliver this ambitious program. Prior to Diggia, Mr Contreras has 17 years of banking and industry experience gained at leading financial institutions BNP Paribas, Cantor Fitzgerald and Bankia.

Team Member Name 4

Team Member Position 4

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 4

Team Member Name 5

Team Member Position 5

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 5

Team Member Name 6

Team Member Position 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 6

Team Member Name 7

Team Member Position 7

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 7

Team Member Name 8

Team Member Position 8

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 8

Team Member Name 9

Team Member Position 9

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 9

Team Member Name 10

Team Member Position 10

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 10

Team Member Name 11

Team Member Position 11

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 11

Team Member Name 12

Team Member Position 12

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud. 12

Interest accrual and payment

Bondholders will receive interest at 6% gross per year, paid annually on 31 May each year (with the first payment on 31 May 2023).

Getting your money out

Bonds are transferable and Bondholders wishing to transfer their Bonds will be able to list them on the Ethex Secondary Market. However, there is no guarantee Bondholders will be able to find a willing buyer for their Bonds and agree a price. It may not be possible to transfer or realise the Bonds before the end of their term.

Investing on behalf of children

Applicants must be 18 years old or more. Investments cannot be made on behalf of children.

Interested in Sustainable Transport investments?

Get notified via email when new investments go live