This website uses cookies

We use cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, and assist with our promotional and marketing efforts. View our Privacy Policy

Electric Blue

Electric Blue 2018 Cambridge Bonds

£500 minimum (£250 for Cambridge investors)

Electric Blue provides electric vehicle chargers and electric vehicle services into the UK taxi market, for both public and private use. All of their electric vehicle chargers are powered by suppliers providing 100% renewable energy.


Minimum raise for offer to proceed

The minimum raise for the offer to proceed is £250,000. 

If Electric Blue Ltd do not reach their minimum target, they will not proceed with their bond offer. No bonds will be allocated and any money committed by investors will be returned. All money pledged electronically during the bond offer period will be held in a secure account by Ethex. During this period, Electric Blue will not have access to these funds.


Financial return

From 2020 Electric Blue expects to begin to pay 5% interest on the bonds annually. In 2023 and 2024 there is the potential for investors to be paid an extra 2% interest (taking the annual return to 7%) if the business meets its revenue targets as outlined in the offer document and the Financial Performance section of the Ethex profile.

Payment of interest and capital is not guaranteed and is dependent on the continued success of Electric Blue Ltd's business model.


Social return

By investing in this bond offer you will enable Electric Blue to undertake the commissioning and administration of 18 electric vehicle chargers for use by electric taxis in the city of Cambridge.


Minimum investment amount

£500 (£250 for Cambridge investors with a postcode starting with CB) for non-IF ISA investments. The minimum for an Innovative Finance ISA (IFISA) investment is £1,000.


Maximum investment amount

None, however if you are investing via the Innovative Finance ISA (IFISA) the annual limit for tax free investments through an ISA is £20,000.


Getting your money back

The Electric Blue 5% 2024 bond will mature in 2024, at which point the plan is for investors to receive back their original investment. It is not guaranteed that the company will have sufficient funds or access to financial resources available in order to repay the bonds on their due date, though the directors are confident of their ability to plan and execute the business strategy and manage the financial resources of Electric Blue, such that they will have a range of options available to them to repay the bonds on their due date.

Early Repayment

The company can, at the sole discretion of the directors, repay the bonds in part or in full with effect from 18th January 2022 by giving bondholders at least three months’ written notice.


How secure is your money?

Payment of interest and capital is not guaranteed and is dependent on the continued success of Electric Blue's business model.

This investment is not covered by any government compensation scheme.

The bonds will be an unsecured obligation of Electric Blue and all bondholders rank equally amongst each other.

The Board of Directors reserves the right to take on additional debt obligations (secured or unsecured), which may have seniority over the 5% 2024 bond if they believe this would be in the best interests of Electric Blue as a business.


Keeping track of your investment

The details of your investment are recorded on your bond certificate and by the company.

Bond certificates are issued directly by the company, not by Ethex.


Tax considerations

Bondholders will be responsible for declaring any income from the bonds on their tax returns. Interest paid on the bonds is not subject to withholding tax under section 887 Income Tax 2007 and all interest will be paid to bondholders without deduction of tax. You should consult a financial expert regarding the effects of the tax on your investment.

This bond offer is Innovative Finance ISA (IFISA) eligible, which means that eligible investors can use their £20,000 per year ISA allowance to invest into an IFISA wrapper provided by Ethex and receive their interest payments free of tax.


Qualification

This investment is available to persons aged over 16 and to organisations.


Provisions on death of a bondholder

On the death of a bondholder, the bonds would be transferred to the personal representative (executor), and the proceeds will be added to the estate.

£36,05010%
Applied for to date, of
£350,000 target
or
Invest with IFISA
Minimum IFISA investment is £1,000

What is an Innovative Finance ISA?

Need help?

The Ethex team are here to help from 9am to 5pm

https://www.ethex.org.uk/savings--investments_16.html

Invest and save with Ethex to

make money do good

You can browse, compare and invest in a range of products on Ethex platform from bank accounts and ISAs to equity investments and charity bonds that offer a social/environmental as well as a financial return. All you need to do is get started...