Ignite Social Enterprise
Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD, United Kingdom
Overview
Ignite Social Enterprise is the UK’s first impact investment fund with a focus on energy. They believe that energy entrepreneurs have a vital role to play in building a better society and they are here to help them achieve their potential. They invest people and money into emerging and mature organisations that have a clear vision of how they benefit society. By focusing on energy, they are driving innovation at every point of the energy chain – from sourcing and generation through to supply, service and saving energy. And by investing in social enterprises they are making a positive impact on employment, income, housing and local communities. As well as providing capital, they work to understand the specific needs of each of their investments and help them grow through mentorship, networking and the skilled support of Centrica employees.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Impact Investing
Investment portfolio
- E-Car Club
Led · Equity · Feb 2014
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.
Team
No current team members are available.