The Venture Codex Logo

The Venture Codex

E-Car Club

29 Shand Street, London, SE1 2ES, United Kingdom

Overview

E-Car Club is a UK-based entirely electric pay-per-use car club founded in 2011 by Christopher Morris and led by Chairman Andrew Wordsworth. It provides members of selected communities access to full-sized electric cars they can rent by the hour and book online, by phone, or via a mobile application. The club currently operates in Milton Keynes, Luton, Tower Hamlets, Oxford and across Hertfordshire, with new hubs under development in London, the South East and the Midlands. E-Car Club secured £500k in funding, with backers including Ignite Social Enterprise LP. It previously raised backing from impact angel investors in mid-2013 and via equity crowdfunding on Crowdcube. The company intends to use the new funds to expand operations into up to twenty new locations across London and the South East. E-Car Club is developing a car‑sharing network of fully electric vehicles housed in docking stations in targeted urban and suburban areas. The company plans to expand operations by establishing additional hubs in Southern England and building strategic partnerships. It raised £100k via equity crowdfunding to fund that expansion. Prior to this round it received a £50k investment from Sustainable Venture Development Partners and a £24k grant from the Technology Strategy Board. The service targets local urban and suburban users seeking access to electric vehicles without ownership. The company was founded in September 2011 and is based in London, UK.

Total raised
$1M
Funding rounds
2
Latest round
Equity
Latest activity
Feb 2014

Industries

  • Automotive
  • Autonomous Vehicles
  • Car Sharing
  • E-Commerce
  • Leisure
Visit website

Recent funding

  1. Equity

    Feb 2014

    $1M

  2. Equity

    Mar 2013

    $0M

Team

No current team members are available.