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Status: Expired

Dec 4th 2015 - Mar 4th 2016

Elm EV supply and install electrical vehicle charging equipment to the UK market. Elm EV have started to develop a new range of charging products and are looking to expand their reach to international markets.

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

  • £12,420
    pledged
  • 5%
    of goal

    £210,015
    target

    £2,249,177
    pre-money valuation

    8.54%
    equity available

    40
    investors

    £311
    pledge per investor

    08579709
    company number

    Dissolved
    company status

    Equity Calculator
    Investment
    £
    Equity
    %
    Previous Funding rounds
    04 Dec 15 Seedrs £12,420 / 6%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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