Investment to enable growth at electric vehicle charger business
A Keighley-based business which offers fixed-price electric vehicle (EV) home charger installations nationwide has secured a six-figure early stage funding package.
We Power Your Car has been advised by Yorkshire law firm Gordons.
It will use the funding to further implement its business growth strategy by capitalising on increasing consumer demand for EVs and continued UK Government initiatives to support people who want to switch from pure petrol or diesel cars.
Gordons head of corporate, James Fawcett, and corporate solicitor, Matt Watson, worked with We Power Your Car executive chairman and long-term Gordons client, Kai Arter, on the funding.
Arter said: “I know James and the corporate team at Gordons very well. They have a great deal of expertise in successfully advising businesses on early stage funding, so I had no hesitation in getting them involved with We Power Your Car.
“The funding will allow us to push on with expanding our distinct fixed-price offer throughout the UK, and we are excited by the opportunities to bring the reduced running costs and environmental benefits of EVs to more and more people.”
Established in 2019, We Power Your Car offers a service to customers to make buying and installing an EV charger at their home an easy and straightforward process.
The company recommends the best chargers for a person’s home and vehicle, provides a fixed-price quote and an installation date and then ensures the charger is fitted and set up by expert installers.
Fawcett added: “It’s great to be working with Kai again and helping secure early stage funding for a business with significant growth potential.
“We Power Your Car has got off to a great start and we look forward to seeing the business accelerate its growth plans.”
The law firm’s expertise in early stage investments also recently saw it advise start-up film production company HTYT, which is behind Netflix’s hit Paralympics documentary Rising Phoenix, on its first two funding rounds.
In addition, Gordons’ corporate team advised a group of angel investors on a significant investment in electric vehicle tech start-up, Mina, through its partnership with tech and digital investment platform, NorthInvest.
