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Vehicles and Transport

Borrow A Boat

Status: Active

Jan 4th 2021 - Jan 27th 2021

Stretch

Borrow A Boat (BaB) is a boat charter company that allows customers to book boats of all types online for charter - whether a short-notice request for day hire, a long weekend on board, or a 7-14 day boating trip for an upcoming summer holiday. The company asserts that it is the UK's leading boat charter marketplace with access to over 35,000 boats listed in 65+ countries. BaB was the headline sponsor of the UK's biggest boat show in 2019 - the Southampton International Boat Show. It claims that the global yacht charter market is projected to reach $25 billion by 2027. BaB aims to make boating easier than ever for people and become the segment leader. The company intends to launch into eight new countries in 2021. It will use 60% of the investment for paying its in-house tech team who are developing the user experience and automation of the BAB portal and app, 35% for digital marketing including content, and 5% towards covering company overheads such as accounting and legal.

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  • £472,620
    pledged
  • 189%
    of goal

    £250,000
    target

    £24,750,000
    pre-money valuation

    1.00%
    equity available

    316
    investors

    £1,496
    pledge per investor

    10490013
    company number

    Active
    company status

    21/11/2016
    incorporated 4 years


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Funding progress



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55%

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pledged: 115% days to go: 23 investment: £2,303,249
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.

Pitch Rated

72%

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pledged: 0% days to go: Extended investment: Withheld

  • £472,620
    pledged
  • 189%
    of goal

    £250,000
    target

    £24,750,000
    pre-money valuation

    1.00%
    equity available

    316
    investors

    £1,496
    pledge per investor

    10490013
    company number

    Active
    company status

    21/11/2016
    incorporated 4 years

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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