Uniti Promotes “Green Vision” as Crowdfunding Campaign Continues on Crowdcube

Electric car concept Uniti is promoting their “Brexit proof” approach and green cred as the company’s most recent crowdfunding campaign continues on Crowdcube.

Uniti recently touted its “bold strategic next step in sustainable electric vehicle production. The company is also expected to pursue “Mobility-As-A-Service” in mega-cities. Uniti believes that more than a million cars could be removed from usage as the gig economy shifts over to sharing and new ownership options.

Uniti says their cars will have a sustainable method throughout the entire product lifecycle.

“Many car companies are paying lip service to the consumer drive for Electric Vehicles, using the same old methods and carbon-heavy sourcing, factories and logistic solutions to deliver their vehicle ranges. Uniti is creating a simple platform architecture, allowing the principle of digital twinning, maintaining cloud-based data through Siemens platforms in order to produce and replicate the vehicles anywhere in the world,” states Sally Povolotsky, Uniti’s Vehicle Development Director.

This is the third securities crowdfunding round for the company. The company is seeking £1 million for a 1.02% equity stake in the company at a pre-money valuation of £97 million. Management expects to pursue a larger funding round in the amount of £30 million in the next few months. It is not clear if smaller investors will receive the same terms of any new larger investors.

As it stands today, Uniti has raised £866,860 from 1001 investors. There are 16 days left in the round, according to the campaign page.

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