Andersen EV successfully raised £200,000

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Successfully funded

Capital at risk

overfunded

Andersen EV

363%

Raised: £726,680

Investors: 865

Target: £200,000

Equity: 22.52%

Pre-money valuation: £2,500,000

Andersen EV addresses a gap in the booming electric vehicle (EV) market by creating intelligent, functional and sophisticated charging points to the highest safety standards. They create EV charging points that customers are happy to display on their home.

Up to 10.5M Electric Vehicles expected in the UK by 2030
Government approved OLEV installer - up to £500 grant for consumers
Free app to manage the charging point
Running a pilot with a premium car brand & in discussions with another

Idea

The electric vehicle (EV) market is booming and is expected to grow 50% YOY from 2019, according to UBS. Yet, despite paying a premium for EVs, customers are generally stuck with plastic, utilitarian charging points.

Andersen addresses this gap in the market by examining every aspect of design to create a range of functional yet beautiful charging points.

Our designs are so elegant that they were nominated for a Design Week award and they have been approved by the UK Government. They’re also offering customers up to £500 in grants towards their charging point.

Declutter your cable with our unique winding system (patent pending)

Lock the cable inside the unit for extra safety & security

Feel secure with high safety standards and complete weatherproofing

Customise with a range of colours in wood or metal finishes

Management of charging station through our free mobile app

We take care of installation and servicing, generating recurring revenue. We have built a subscription model that could be used by hotels & businesses hosting a charging point. Our app can collect data that could be of interest to the car industry, adding another potential revenue stream.

Now we’re in discussions with two premium car manufacturers to expand our presence across Europe with the aim of becoming the go-to brand for premium charge points.

The company has loans, FY 17/18 loss was £57,996

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Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Andersen EV has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.

Idea

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