About WeVee
WeVee is a company based in London (United Kingdom) founded in 2019 by Paul Fagan, Rafique Nadaf, and Chad Warner.. WeVee has raised $7 million across 1 funding round. The company has 41 employees as of December 31, 2020. WeVee operates in a competitive market with competitors including Drover, Onto, Zedify, ULEMCo and Wagonex, among others.
- Headquarter London, United Kingdom
- Employees 41 as on 31 Dec, 2020
- Founders Paul Fagan, Rafique Nadaf, Chad Warner
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Sectors
Transportation, Automotive & LogisticsEnvironment
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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 We Are Electric Limited
- Date of Incorporation 29 Jan, 2019
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$1.07 M (USD)1053as on Mar 31, 2021
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Net Profit
$-2.85 M (USD)-377as on Mar 31, 2021
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EBITDA
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Seed
Jul 14, 2021
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Investors
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Employee Count
41
as on Dec 31, 2020
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Funding Insights of WeVee
WeVee has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Seed round of $7 million completed in July 2021. 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 — $7.0M
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First Round
First Round
(14 Jul 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - WeVee | 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 |
Investments & Acquisitions by WeVee
| 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 - WeVee
| 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 |
Wevee Comparisons
Competitors of WeVee
WeVee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Drover, Onto, Zedify, ULEMCo and Wagonex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Car subscription services are provided via an online platform.
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| domain | founded_year | HQ Location |
Electric car subscriptions are offered via an app-based platform.
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| domain | founded_year | HQ Location |
Zero-emission last mile delivery solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks.
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| domain | founded_year | HQ Location |
Cars are offered via an online subscription platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about WeVee
When was WeVee founded?
WeVee was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is WeVee located?
WeVee is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of WeVee?
Paul Fagan is the current CEO of WeVee. They have also founded this company.
Is WeVee a funded company?
WeVee is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Seed of $7M, raised on Jul 14, 2021.
How many employees does WeVee have?
As of Dec 31, 2020, the latest employee count at WeVee is 41.
What is the annual revenue of WeVee?
Annual revenue of WeVee is $1.07M as on Mar 31, 2021.
What does WeVee do?
WeVee was founded in 2019 and is headquartered in London, United Kingdom. An online platform is operated to facilitate leasing of various electric car models for individual users and businesses. Services are extended to corporate clients, with operations centered in the electric vehicle sector. The domain wevee.uk is utilized for user access and transactions.
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