Elm EV begins crowdfunding

Elm EV begins crowdfunding

An independent North East business specialising in installing charge points for electric vehicles has launched its first crowdfunding campaign.

Elm EV is aiming to raise £210,015 to develop a unique charge point for both UK and international markets, whilst allowing investors to own shares in the company.

The firm, which turned over £400,000 in its first year, will also use the investment to employ a proactive sales team with several sales managers.

The investment will also be used to aid the marketing budget for a national marketing campaign and enhance an e-commerce platform.

Technical director, Anthony Piggott, said: “The growth of the ultra-low emission vehicle industry is phenomenal and we are in a great position.

“This is a once-off opportunity for members of the public, enthusiasts and investors to help build the EV charging infrastructure and to be a part of the fast paced industry, reaping the rewards.”

Elm EV are one of only a few companies in country approved and certified to install rapid chargers.

You can find out more about the campaign here.