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
Pitch rating powered by CROWDRATING™
Rated on 19/05/2020
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£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 6 years
Previous Funding rounds
25 Apr 24 | GrowthDeck | 72.33% |
Officers
John Alexander RITCHIE
Appointed: 14-10-2014
John Alexander RITCHIE
Appointed: 07-02-2014
John Alexander RITCHIE
Appointed: 05-07-2013
John Alexander RITCHIE
Appointed: 07-03-2013
John Alexander RITCHIE
Appointed: 19-02-2013
John Alexander RITCHIE
Appointed: 22-12-2012
John Alexander RITCHIE
Appointed: 22-12-2012
John Alexander RITCHIE
Appointed: 22-12-2012
John Alexander RITCHIE
Appointed: 01-11-2010
John Alexander RITCHIE
Appointed: 01-11-2010
John Alexander RITCHIE
Appointed: 01-11-2010
John Alexander RITCHIE
Appointed: 01-11-2010
John Alexander RITCHIE
Appointed: 29-06-2010
John Alexander RITCHIE
Appointed: 27-04-2009
John Alexander RITCHIE
Appointed: 27-04-2009
John Alexander RITCHIE
Appointed: 27-04-2009
John Alexander RITCHIE
Appointed: 17-03-2009
John Alexander RITCHIE
Appointed: 22-03-2006
John Alexander RITCHIE
Appointed: 07-03-2005
News
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