Update: 11.06.2019 - Extension of offer
Below is a copy of a letter from the Electric Blue team, updating on the bond offer and an extension.
Bond offer extension
Dear Positive Investor
Thank you very much for the generous support that you have shown in Electric Blue’s Bond. We truly value your investment.
You will, no doubt, be mindful of the stream of reports and research showing the harmful effects of poor air quality on health, and we are excited by the opportunity we have to power power positive change in Cambridge.
Over the last few months, we’ve been really busy with phase 1. In fact, we have already saved over 5.25 tonnes of emissions in the first two full months of operations; with just half of the first 8 rapid chargers operational so far.
The availability of these 4 new charge points, combined with promotional initiatives such as our Electrify Cambridge campaign, has been responsible for an increase in the numbers of electric taxis in the city - from a lowly 2 at the beginning of last summer, to 17 by the end of 2018. So we are really excited to prove what can be achieved when the rest of the 480 licensed taxis switch to zero-emission. Phase 1 completes very shortly when the final 4 rapid chargers come on stream.
The recently launched Electrify Cambridge campaign has already received the support of the following organisations:
Quy Mill Hotel (Best Western Gp)
Execujet Aviation Group
Otto Car UK
Regarding the Bond itself, in just 2 months (which included a Christmas break, of course), we have been able to raise over £80,000. This is incredible, but isn't quite enough. Our minimum target is £250,000, and if we don't raise that, we cannot proceed with the bond. So, the Electric Blue team has decided to extend the deadline to 15th March, which will enable more people to get involved in supporting and investing in EV infrastructure and clean air in Cambridge.
We will be working with Ethex, Cambridge Council, Cambridge Cleantech and our other partners, delivering webinars and investor events over the next few weeks to raise awareness of our work amongst citizens of Cambridge, and people interested in EVs.
You can help us with this too - by spreading the word about the Electric Bond amongst your friends, family and peers.
Thank you for your continued support
Electric Blue Ltd