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Vehicles and Transport

BMM Networks  

Status: Active

May 5th 2020

BMM Networks is a company specialising in providing electric vehicle charging solutions throughout the UK. Currently, there are about 250,000 electric vehicles (EV) in the UK, with the hope that it will increase to 1 million by 2022. But this transition requires dependable and safe On-Street and Workplace charging stations. The UK Government, through the Office for Low Emission Vehicles (OLEV), has dedicated over £900 million of funding to expanding EV usage, of which £500 million is in scope for the BMM charging point business model. With the help of its delivery partner, BMM Energy Solutions Limited, BMM Networks has engaged with several local authorities to develop charging solutions. The company is one of the 10 approved framework providers for OLEV funded projects. Within this setup, OLEV will fund 75% of the installation cost or £5,000 for each charging point, leaving BMM to fund the balance of £1,250 per charger. This will enhance the coverage of charging points thereby boosting EV sales. The company is seeking £1.375 million of equity funding to boost its brand identity and business opportunities.

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BMM Networks   Rating Review

Rated on 19/05/2020

Pitch Rated

72%

overall

Management

71%

Product

72%

Investment

74%

Pitch rating powered by CROWDRATING

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
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Management 71%

Skills 64%
BMM Networks has a strong team that has relevant industry experience and contacts and are capable of delivering the roll-out of the estate. The CEO of the company is skilled in subcontracting, cost management, contract management, cost control, and construction management. One of the directors is a leading corporate real estate professional who is skilled in business development and business strategy. The other director has provided financial and commercial support to the business. He has also developed several service products designed specifically for improving the performance of property assets from an energy viewpoint. It was noted that there is no dedicated finance head in the team at this stage of fundraising.

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pledged: 80% days to go: 20 investment: £242,853

  • Withheld
    pledged

    £1,375,000
    target

    £5,172,619
    pre-money valuation

    21.00%
    equity available

    Withheld
    investors

    Withheld
    pledge per investor

    11522201
    company number

    Active
    company status

    17/08/2018
    incorporated 2 years

    Equity Calculator
    Investment
    £
    Equity
    %
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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