Overfunding Hybrid & Electric Car Developer Carverter Quickly Surpasses £2 Million Funding Target

Carverter, a UK-based company that enables customers to find & lease the perfect hybrid or electric vehicle (EV), has successfully secured its initial £2 million funding target through its equity crowdfunding campaign on Seedrs. Founded in 2018, Carverter claims it offers every single make and model of hybrid and electric car all in one place.

“We offer simple, powerful comparison tools along with 100% independent advice to help you to make the switch sooner. Simply enter you registration into www.carverter.com to start your greener journey. Our app will recommend the best available hybrid or electric cars that could replace your current car. It will also show you your CO2 reductions, compare your running cost & can even help you to sell your old car!”

Carverter further noted that its core target market are considering changing their current car(s) or van(s) to greener models but are unsure where to start. 

“Carverter simplifies this complex process by immediately presenting users with the data and cost comparisons they need to make an informed, correct choice. Our competitive lease deals enable them to drive that brand new green vehicle, sooner. We even deliver it free, directly to their front door.”

Funds from the Seedrs round will be used to growth the Carverter team and continue the development of the car platform. The company is now offering 13.97% in equity at a £14 million pre-money valuation.


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