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Urban Electric
days left
23
59%
Raised
£149,930
Investors
255
Target
£250,000
Equity
7.69%
Pre-money valuation
£3,000,000

Urban Electric's mission is to create the UK's largest urban electric vehicle charging network. Our unique 'pop-up' charging hubs retract fully underground when not in use, minimising the impact on the streetscape so they can be conveniently located right in the street where you live.

  • An estimated gap in the market for millions without off-street parking
  • Introducing the UEone 'pop-up' charge point
  • Working with Oxford, and MoUs with Dundee & Plymouth City councils
  • Significant backing from 'Innovate UK' (subject to this raise)

Idea

The opportunity:

There is an unsolved barrier to electric vehicle (EV) adoption: 87% of EV charging in the UK is done off-street at home (garages and drives). It is convenient and allows you to start the day with a full charge. However, 43% of UK households do not have off-street parking, acting as a major barrier to EV adoption today.

With 11 million EVs on UK roads by 2030, everyone who switches to EVs without off-street parking will need to charge and that's where we come in.

How we're addressing the opportunity:

- The 'UEone' charge point is a new type of EV charging architecture, retracting fully underground when not in use to minimise the impact on the urban streetscape

- This means UEone's can be conveniently located right in the street where you live

- For dependability, we will install up to 6 UEone's at a time as 'pop-up' charging hubs

- We will monetise by electricity used to charge EVs and/or sales of UEone charge points.

Story so far:

- Founded in 2017

- Summer 2018 secured 'Innovate UK' backing for a £600K project to develop and install the world's first 'pop-up' charging hub in partnership with Oxford City

- Summer 2019 secured 'Innovate UK' backing as part of a £3.8m project to further develop and install up to 18 'pop-up' charging hubs in Dundee and Plymouth although this project is conditional on us securing your support!

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Urban Electric

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Successfully Invested
£689m+
Registered Investors
771k+