This site uses cookies. By using this site you agree to receiving cookies. View Policy.

110%
Raised
£1,101,820
Investors
1945
Target
£1,000,000
Equity
1.12%
Pre-money valuation
£97,000,000

Uniti is the innovative Swedish Electric Vehicle startup that's been called the "Tesla for megacities" by Business Insider. The company plans to launch its affordable electric city car in the UK & Nordics in 2020 from its fully digitalised pilot plant in Silverstone, home of the British Grand Prix.

  • "Pre-orders now have a total value of about $85 million" - Forbes
  • "The crowd raves about an electric car from Sweden" - Wired
  • "Winner of the E-Prize for sustainable transport" - Veckans Affärer
  • "Could change how we think about moving from A to B" - BBC News
Information This round is part of a wider fundraising requirement of €30m which Uniti plans to raise in the coming months.

Idea

Cars need to change. Climate scientists warn our window for change is rapidly closing. But people still need to drive to work everyday. Uniti’s answer is an affordable Electric Vehicle (EV) purpose-built for the daily commute, a car that meets the needs of society while offering the right combination of styling, connected features and performance that people rave about. The market for EVs is expected be worth over €1 trillion over the next decade with additional €1.5 trillion in new service and data revenue led by shared mobility. We believe Uniti is poised to compete well in that global market with B2C direct sales and subscription models and with B2B fleet sales.

Company Highlights

- Original Swedish company founded in 2016

- Vehicle prototype revealed 2017

- Successful market validation in 2018 (over £65 / €70 million in pre-order value)

- Uniti will show its Production Intent Model at the end of 2019

- Fully digitalised, i4.0 production site in the UK by 2020

- Plan to launch in Northern Europe in 2020, expansion planned for US & APAC thereafter

- Goal is to achieve at least 4% of EU's BEV market by 2024

- Lean operational approach more akin to consumer electronics than automotive

- Key global partnerships include Siemens, Unipart, Kuka, E.ON, Tele2, and others

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

To see the rest of the Uniti - Electric Car pitch, join now. It's free, quick and easy.

Due to financial regulations, you need to join our community to view the full investment opportunity.

Join

Already registered?
Log in

Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube is authorised and regulated by the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV). This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

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.