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Successfully funded
Capital at risk
POD Point - Electric Equity 3.0
98%
Raised
£1,528,970
Investors
976
Target
£1,550,000
Equity
4.20%
Pre-money valuation
£35,341,680

POD Point believes travel shouldn’t damage the earth. The company's mission is to put an electric vehicle chargepoint everywhere drivers park for an hour or more. So far POD Point has supplied over 44m miles of electric motoring and a charge is started on its network every 42 seconds.

  • POD Point are one of the UK’s fastest growing technology companies
  • Customers include Sainsbury’s, Lidl, Nissan, Volvo, VW & Hyundai
  • This is a £9m round led by venture capitalist Draper Esprit & Barclays
  • £1.55m of total share issue has been reserved for crowd investors
Information This £1.55m crowdfunding round is part of a larger £9m fundraise led by venture capital firm Draper Esprit (original Tesla investors) who are investing £3m for new shares and £2m for secondaries. Barclays Bank are providing £2m venture debt & £550k additional equity investment has been secured from angel investors.

Idea

At POD Point, we believe travel shouldn't damage the earth so we're enabling the mass adoption of electric vehicles. Our mission is to put an electric vehicle chargepoint everywhere drivers park for an hour or more.

The opportunity:

There are already 70,000+ electric cars on UK roads with that number forecast to increase to more than 500,000 by 2020.

Everyone who buys one of these electric vehicles needs to charge it & that's where we come in.

By 2020 we calculate the UK will need an infrastructure of over 1 million chargepoints, and that's before you factor in the European market & ongoing adoption of EV.

How we're addressing the opportunity:

We provide electric vehicle chargepoints & software to manage them, so drivers can charge at home, work and public destinations.

- We supply chargepoints to customers of Nissan, Volvo, Volkswagen, Hyundai, Citroen, Peugeot, Tesla & Renault Norway.

- Our workplace customers include well known brands like Britvic, Barratt Homes & Nestle.

- Our public Open Charge points are available across the UK at locations including Sainsbury's, Lidl, Heathrow Airport & David Lloyd Leisure gyms.

So far we have:

- Supplied over an est. 44,000,000 electric miles through our ecosystem.

- Shipped more than 27,000 chargepoints.

- Placed in the Sunday Times Tech Track 100 list of the UK's fastest growing technology companies, two years running.

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
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POD Point - Electric Equity 3.0

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