Home Technology Electric Car Club Drives Off Towards Profitable Exit

Electric Car Club Drives Off Towards Profitable Exit

An electric car sharing club has driven off as the first crowdfunded equity project to make a successful exit from the start-up stage.

In 2011, the e-Car Club raised £100,000 on Crowdcube.

The pitch attracted 63 investors who ploughed between £1,500 and £15,000 into the company.

All have exited with an unpublicised ‘multiple return on their investment’ said a spokesman for the platform.

E-Car was sold to car hire company Europcar for an undisclosed sum.

The company works with councils, social groups and similar organisations to offer low-cost and eco-friendly transport.

“By joining with Europcar we cane access considerable investment and resources needed to accelerate our growth and reach more communities,” said club founder Christopher Morris

“We will have a social mission at the heart of our business: to improve mobility on a local level while reducing the cost and environmental impact of each journey taken.”

Positive contribution

Community news organisation Positive News has raised £263,000 from supporters for the UK’s first social investment crowdfund project of its kind.

The project on Crowdfunder was just one of dozens where small communities are joining to take control of local assets, like council buildings, pubs, sports facilities, shops and now newspapers.

Positive News is the first globally crowdfunded project to hit a funding target, with investors from 33 countries contributing to the pitch.

Dave Boyle, director of platform The Community Shares Company, said: “Positive News has proved community shares aren’t just local assets but also communities united by values but not by geography. Anyone with a cause and a crowd following can raise serious money if they pitch the deal right”

£500,000 goal to sign striker

Enterprising Bolton Wanderers fab Sam James has set up a crowdfunding page aiming to raise £500,000 to sign striker Adam La Fondre for the club.

It’s no secret in the football world that Bolton are short of money to sign new players, so James has set up an appeal on platform Go Fund Me.

Le Fondre, who spent last season on loan at Bolton, currently plays for Cardiff City but has been told he has no future at the club.

“It’s a nice gesture and shows that you are loved,” said Le Fondre.

So far, the appeal has raised £645 from 49 backers.

Hossein Soltani
Hossein Soltani
Soltani has participated in several nationwide sports competitions and has won several titles in track and field. Hossein Soltani finished his secondary school in Tehran and moved to Sari with his family when he was 18. In that time he joined Pars Herald and helped the group to distribute its publications between the students living in Sari. Soltani attended the Azad University of Sari.

Stay Connected

1,502FansLike
505FollowersFollow

Must Read

How Safe Is A Visit To The Caribbean?

Expats, tourists and business people visiting the Caribbean may well worry about their safety after a seemingly endless series of warnings and alerts over...

How Safe Is A Visit To The Caribbean?

Expats, tourists and business people visiting the Caribbean may well worry about their safety after a seemingly endless series of warnings and alerts over...

Cyber Police of Azerbaijan Province Blocks 670 Websites

Iran's Filtering Committee, which is operating the supervision of Iranian government, is responsible for filtering and blocking websites which include and promote anti-Islam content....

Somali pirates sentenced to life in prison for American deaths

Two Somali pirates whose participation in a piracy attack which caused the deaths of four Americans have recently been sentenced to multiple life sentences...

Related News

Pub Investors Raise A Pint To SEIS Tax Breaks

Drinkers are saying cheers to the government for offering them seed enterprise investment scheme (SEIS) tax relief against a community campaign to fund a...

Easy Access Pension Rules To Cover QROPS

Easy access rules will be extended to Qualifying Recognised Overseas Pension Scheme (QROPS), according to HM Revenue & Customs (HMRC). From April 15, 2015, the...

£40m Staked On Bringing Back Concorde

An anonymous donor has handed over £40 million to fund the rebuilding and display of two supersonic Concorde airliners. The pair of famous aircraft will...

Expats In Australia Put Up With Racial Discrimination

Australia may have an open door to expats from all over the world, but some find when they touch down that their new life...

Property Funds For QROPS Investors

Investment flexibility is one of the keynotes of switching from a UK pension to Qualifying Recognised Overseas Pension Schemes (QROPS). Financial advisers extol the ability...

LEAVE A REPLY

Please enter your comment!
Please enter your name here