EAV announces next phase of crowdfunding in partnership with Seedrs

Electric Assisted Vehicles Limited (EAV), the Oxfordshire-based sustainable zero-emissions electric eCargo bike company, has announced a partnership with Seedrs. The idea of the collaboration is to make crowdfunding easy and efficient with the aim of raising £7.5 million to fund the company’s next level of expansion. 

EAV has already gone from strength to strength since the company’s launch in 2018. The company has thrived despite recent hardships including the global pandemic and lockdowns.

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Partnering with Seedrs, who aim to make crowdfunding easy and efficient, means the public is now able to support EAV and become part of the business as it grows. The leading eCargo bike company plans to raise a minimum of £750,000 from Seedrs, with the balance coming from current shareholders, institutional investors, family offices and other high-net-worth investors.

Individual investors can now become part of EAV’s family with an investment of as little as £20. The company which started out with just three staff is now over 60 team members strong.  

Investment in EAV will support the company as it tackles emissions in our cities which are already deemed a major medical threat to city dwellers and beyond. Hopefully, they will inspire leading companies in all industries to swap from diesel vans to emissions-free EAVs.

This latest crowdfunding comes at a time when climate change is even more important. A recent IEA reporthighlighted that the transport sector is the leading greenhouse gas sector, producing three times more emissions than the industrial sector.  

Adam Barmby, EAV Founder and CEO, said: “Seedrs were a part of our journey when we first established EAV, so it seemed fitting that we would use them to support the next phase in our journey. 

“More than that, we really believe in EAV, our products, vision and our team and we believe others will too.

“So we’re giving them a unique opportunity to be a part of something truly special – something that will continue to change the urban transport environment and tackle climate change head-on”. 

To be a part of EAV’s journey, please visit https://www.seedrs.com/eav4/

Ian Osborne
Ian Osborne
Editor-in-Chief at ElectricDrives

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