Andersen EV, a UK-based electronic vehicle charge point brand, quickly surpassed its initial £200,000 funding target through its equity crowdfunding campaign on Crowdcube. The funding round was launched earlier this week and is now nearing £265,000 thanks to nearly 30 investors. Founded in 2015, Andersen EV creates resident electronic car charge points for homeowners. According to the company, these charge points blend “optimum technology” with “superb” design aesthetics.
“Our designs are so elegant that they were nominated for a Design Week award and they have been approved by the UK Government. They’re also offering customers up to £500 in grants towards their charging point.”
Some of the charge points’ features include the following:
- Lock the cable inside the unit for extra safety & security
- Has high safety standards and complete weatherproofing
- Is customized with a range of colors in wood or metal finishes
- Charging stations are managed through the Andersen EV free mobile app
The company also reported:
“We take care of installation and servicing, generating recurring revenue. We have built a subscription model that could be used by hotels & businesses hosting a charging point. Our app can collect data that could be of interest to the car industry, adding another potential revenue stream. Now we’re in discussions with two premium car manufacturers to expand our presence across Europe with the aim of becoming the go-to brand for premium charge points.”
Funds from the Crowdcube will be used to continue Andersen EV’s growth and expansion. The campaign is currently set to close at the end of September.
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