About Loveelectric
Loveelectric is a company based in Edinburgh (United Kingdom) founded in 2021 was acquired by Perkbox in December 2025.. Loveelectric has raised $1.24 million across 1 funding round from investors including Perkbox, Scottish Enterprise and The Hunter Foundation. Loveelectric offers products and services including Salary Sacrifice Scheme and reloved®.
- Headquarter Edinburgh, United Kingdom
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Love Electric Financial Services Ltd
- Date of Incorporation 16 Mar, 2010
- Jurisdiction EDINBURGH, MIDLOTHIAN, SCOTLAND
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Products & Services of Loveelectric
Loveelectric offers a comprehensive portfolio of products and services, including Salary Sacrifice Scheme and reloved®. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables EV leasing through salary deductions for tax savings.
Platform for quality-assured used electric cars at lower costs.
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Funding Insights of Loveelectric
Loveelectric has successfully raised a total of $1.24M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.24 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.2M
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First Round
First Round
(11 Jun 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Seed - Loveelectric | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Loveelectric
Loveelectric has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Perkbox, Scottish Enterprise and The Hunter Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Invests in partnerships for poverty reduction and educational programs worldwide.
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Founded Year | Domain | Location | |
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NatWest Group is recognized as a UK-focused banking institution.
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Founded Year | Domain | Location | |
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Consumer advocacy, advice, transport, and taxation services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Loveelectric
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Loveelectric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loveelectric Comparisons
Competitors of Loveelectric
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loveelectric
Frequently Asked Questions about Loveelectric
When was Loveelectric founded?
Loveelectric was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Loveelectric located?
Loveelectric is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Is Loveelectric a funded company?
Loveelectric is a funded company, having raised a total of $1.24M across 1 funding round to date. The company's 1st funding round was a Seed of $1.24M, raised on Jun 11, 2022.
What does Loveelectric do?
Loveelectric was founded in 2021 in Edinburgh, United Kingdom. Operations are focused on the insurance sector, where coverage for electric vehicles is offered through the domain loveelectric.cars. Services include policies tailored to electric car owners, addressing specific risks associated with EV technology. The company serves the UK market, with emphasis on standard and specialized insurance options for this growing segment.
What products or services does Loveelectric offer?
Loveelectric offers Salary Sacrifice Scheme and reloved®.
Who are Loveelectric's investors?
Loveelectric has 6 investors. Key investors include Perkbox, Scottish Enterprise, The Hunter Foundation, NatWest Group, and Scotland Government.
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