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157%
Raised
£78,590
Investors
231
Target
£50,000
Equity
7.29%
Pre-money valuation
£1,000,000

Veluba® is the app-hailed eco-cab service for Central London, aiming to be a cheaper, faster, zero-emission transport solution for our over-polluted & over-congested capital city. 8 out of 10 people in London want less pollution and with 30 cabs ready to go, Veluba® offer a future-focused solution.

  • A zero-emission transport solution for London
  • 30 Veluba cabs ready to go with fully launched app
  • Rides in all weathers, digital ad space and installed safety features
  • Part of the $7 trillion global mobility market

Idea

London. It’s over-polluted...

With around half of London’s air pollution caused by road transport, the Mayor of London and UK government are taking bold action. And Londoners agree, with 8 out of 10 saying that combating air pollution must be a priority.

And over-congested...

London is the 6th most congested city globally with drivers wasting 227 hours a year in traffic, travelling 6mph on average.

Veluba® are app-hailed, pedal-powered, electrically assisted passenger vehicles. They’re zero-emission and sustainable and can go wherever a bike can, making journeys cleaner and quicker.

The vehicles are designed and driven with safety at the forefront and the drivers are fully insured. Each Veluba® is fitted with digital signage screens, providing prominent ad space and the opportunity for an additional revenue stream.

We already have 30 Veluba® cabs ready to go from our Central London depot and the Veluba® app is launched and ready to take bookings. We are in communication with Lambeth Council and have had coverage in London’s Evening Standard.

This raise will enable us to employ drivers to launch the service. We aim to expand beyond our first depot to reach more of London and become a key part of the city’s growing eco-transport infrastructure.

Make your #cleanairpledge today and join us on the Veluba® highway!

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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.

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

Tax relief is available to individuals only, with income tax relief currently set at 50 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.