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Successfully funded
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.

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Risk warning

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.

POD Point - Electric Equity 3.0 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.