The startup POD Point, the UK’s leading network of electric vehicle charge points has raised over £1,227,000 for 7.04% equity on its current crowdfunding campaign on Seedrs, the third largest to date on Seedrs. With a valuation of £16,217,236, the London-based startup produces electric vehicle (EV) charge points for home and for public use. Charge points connect to a cloud based management system which enables recurring revenue from this network.
“We sell our charge points to private and public sector businesses, and direct to EV users. We drive further revenue from these hardware sales through maintenance packages and hardware upgrades. We also allow our customers to lease their POD Point. Our clever cloud management system allows us to monetise our estate of charge points on an ongoing basis,” clarified the startup. “With our Pay as You Go system we collect revenue from EV drivers each time they use a POD Point. EV drivers use their smart phones to start, stop and pay for charging. We then share this revenue with our hosts.We charge our hosts a monthly fee to access our sophisticated cloud management tools. This service allows our hosts to manage their POD Points, monitor the usage, customise their pricing and helps them scale their infrastructure. Finally our we have our patent pending Carbon Sync product which we expect will, with scale, allow us to sell load shedding capacity to the assist in stabilising the UK’s electrical distribution grid.”
Detailed campaign and financial information about POD Point is available to registered Seedrs here.
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