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Envestors’ electrifying fundraise

Investors in this round: Envestors

 

Envestors closes £5.9m growth equity for electric vehicle home charging innovator Evios. 

Envestors, the UK’s marketplace for early-stage investing, is delighted to announce closing equity investment of £5.9m into Evios plc, of which £4.5m came from investors in Envestors’ marketplace.

Evios was founded by David Martell, a serial entrepreneur with two exits, including the sale of Chargemaster to BP for £129m in 2018. Building upon his extensive knowledge in the Electric Vehicle (EV) charging space, David set up Evios to simplify at home EV charging.

 

A long-time client of Envestors, David returned for support with his latest raise. Evios made use of Envestors’ platform which enabled them to create an online Investment Offer that contained all their deal information and documentation in a single secure place, easily accessible by potential investors.

‘Our platform takes away a huge amount of admin for entrepreneurs who are juggling a fundraise alongside the daily trials of running a growing business,’ says Oliver Woolley, CEO at Envestors. ‘By creating a single source of the truth and making that easily accessible to investors, the whole process is a lot smoother and much less time intensive.’

For Evios, it meant a short path to success. The raise of £5m at a premoney valuation of £28m was oversubscribed, securing pledges of £8.2m from both private investors and funds. Evios accepted £5.9m from 62 investors, of which 44 were members of Envestors’ community.

  

We have worked with David several times over the years, and we were very pleased to be able to support him again with his latest venture. said Oliver Woolley.”

David Martell, Chief Executive at Evios plc added “Our thanks to Envestors who helped us close this round so we can pursue EVIOS’ mission to make Electric Vehicle (EV) charging as simple and smart as possible.  I have worked with the Envestors team before who helped raise investment of over £11m for my previous company, Chargemaster plc”

 

ABOUT EVIOS PLC

By creating truly intuitive products that allow EV drivers to charge their vehicles at home and work, Evios is changing the game in the industry as it enters mass market. https://www.myevios.com/

For further information, please contact:

Evie Kalo,  Director of Marketing, Evios plc evie.kalo@myevios.com

1 Stewartby Business Park, Broadmead Rd, Bedford MK43 9ND

 

ABOUT ENVESTORS

Envestors creates the connections that drive growth, bringing together sophisticated investors, entrepreneurs and the networks that support them across geographies, communities and sectors, into a single marketplace.

We are seasoned experts with over 15 years’ experience and have helped more than 200 high growth businesses to raise more than £100m.

Envestors is authorised and regulated by the Financial Conduct Authority and is an endorsing body of the UK Home Office.

 

For further information, please contact:

Natalia Lena, Marketing Manager, Envestors Ltd  Natalia.Lena@envestors.co.uk

70 Colombo Street • London SE1 8EE

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£5.9m

Envestors’ electrifying fundraise

Envestors’ electrifying fundraise

By Natalia Lena21 Jun 2022