Nothing grabs one’s attention like a sweet ride. And Engenie goes further, captivating with electric. The electric vehicle (EV) charging company just secured £1.5 million through the UK online investment platform SyndicateRoom; 65 investors helped overfund the campaign by 50 percent of its original target of £1 million.
“It’s been fantastic to pursue the growth and expansion we laid out before embarking on this funding journey with SyndicateRoom,” exclaimed Engenie founder Jeremy Littman. “The next step for the business is to bring more partners on boards – local authorities, retail landlords and owners of bus depots to install our ultra-rapid charging technology. We’re excited to invite these organisations to join in our success.”
The company, which launched in 2013, provides high-power rapid-charging facilities for electric cars and buses, catering both directly to consumers and also to commercial fleet and taxi operators. The funds will support Engenie’s move into a new head office, based in Victoria, London. With space to treble its workforce, the premises put Engenie in an ideal location to initiate its London plan and to expand its national reach.
[clickToTweet tweet=”#Engenie Leads the #EV Charge! Overfunds @SyndicateRoom @GoncaloTV @crowdfundinside ” quote=”“It’s been fantastic to pursue the growth and expansion we laid out before embarking on this funding journey with SyndicateRoom,” exclaimed Engenie founder Jeremy Littman.”]
“I’m incredibly excited about joining the Engenie team,” commented Engenie Chairman Oliver Jones. “As we ride the crest of the electric vehicle wave, I anticipate great things for the business and look forward to playing a role, responsible for governance and acting as a sounding board for the team. I’m looking forward to the journey ahead.”
The company has also made a significant board hire in appointing Oliver Jones as Chairman. Jones is the CEO of Chayora, an international infrastructure developer and operator of data centre campuses in China. Prior to this role, he was the Co-founder and CEO of The Asset Factor, a UK asset management and venture capital joint venture; and a Partner and Group Board Director of EC Harris. Jones, who has grown and sold a number of businesses, notably to Vivendi, Carillion, Arcadis and Capita, is also a founding shareholder and Chairman of UK M&A firm Morphose, and a leading language training company in the UK, Babel Language Consulting.
“SyndicateRoom has become the go-to platform for trailblazing entrepreneurs looking to be connected with ambitious investors,” explained SyndicateRoom CEO and Co-founder Gonçalo de Vasconcelos. “Engenie is a perfect example of a company doing great things to make the world a better place – and we’re proud to welcome the team to SyndicateRoom’s portfolio.”
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