About The Electric Car Scheme
The Electric Car Scheme is a company based in Hayes (United Kingdom) founded in 2020 by Thom Groot and Tom Eilon.. The Electric Car Scheme has raised $4.56 million across 4 funding rounds from investors including Seedcamp, Triple Point and Adjuvo.
- Headquarter Hayes, United Kingdom
- Founders Thom Groot, Tom Eilon
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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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 The Electric Car Scheme Ltd
- Date of Incorporation 04 Jun, 2020
- Jurisdiction HAYES, ENGLAND
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Annual Revenue
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Net Profit
$-1.08 M (USD)0as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$4.56 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Seedcamp
& 15 more
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Employee Count
Employee Count
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Funding Insights of The Electric Car Scheme
The Electric Car Scheme has successfully raised a total of $4.56M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(14 May 2021)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - The Electric Car Scheme | Valuation | 13books Capital | |
| Sep, 2022 | Amount | Seed - The Electric Car Scheme | Valuation | Triple Point | |
| Nov, 2021 | Amount | Seed - The Electric Car Scheme | Valuation |
investors |
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| 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 |
Investors in The Electric Car Scheme
The Electric Car Scheme has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Seedcamp, Triple Point and Adjuvo. 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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Venture capital investments are provided to fintech startups.
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech startups
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Founded Year | Domain | Location | |
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London-based startups in CleanTech, Manufacturing, and Media sectors are funded.
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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 The Electric Car Scheme
| 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 - The Electric Car Scheme
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Electric Car Scheme Comparisons
Competitors of The Electric Car Scheme
| 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 The Electric Car Scheme
Frequently Asked Questions about The Electric Car Scheme
When was The Electric Car Scheme founded?
The Electric Car Scheme was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is The Electric Car Scheme located?
The Electric Car Scheme is headquartered in Hayes, United Kingdom. It is registered at Hayes, England, United Kingdom.
Who is the current CEO of The Electric Car Scheme?
Thom Groot is the current CEO of The Electric Car Scheme. They have also founded this company.
Is The Electric Car Scheme a funded company?
The Electric Car Scheme is a funded company, having raised a total of $4.56M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.35M, raised on May 14, 2021.
What does The Electric Car Scheme do?
The Electric Car Scheme was founded in 2020 and is headquartered in Hayes, United Kingdom. Operations focus on the electric vehicle sector, where salary sacrifice schemes enable employees to acquire vehicles through pre-tax deductions. Partnerships with leasing companies ensure competitive pricing, while protections are offered to employers against risks from employee departures. A supplementary charging program is provided to lower costs, alongside ongoing support and resources throughout the process.
Who are The Electric Car Scheme's investors?
The Electric Car Scheme has 16 investors. Key investors include Seedcamp, Triple Point, Adjuvo, Voyagers, and 13books Capital.