# The Electric Car Scheme

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-electric-car-scheme

- Industry: Financial Services
- Headquarters: UK
- Website: www.electriccarscheme.com
- Total disclosed funding: $12M
- Latest round: Series A (Aug 14, 2024)
- Investors on record: 9

## About

Based in England, UK, and founded in 2020 by Thom Groot (CEO) and Tom Eilon (COO), The Electric Car Scheme Limited provides salary sacrifice schemes for businesses to allow their employees access to electric cars at lower rates and assists consumers in making the switch to electric vehicles. In September 2022, The Electric Car Scheme Limited raised GBP 2.5 million in seed funding from investors Adjuvo, Ascension Capital Partners, Portfolio Ventures, Triple Point Ventures, and VOYAGERS.
The Electric Car Scheme Limited is a salary sacrifice employee benefit start-up that allows employees to lease electric vehicles at a significantly lower cost through employer-arranged schemes. The firm undertakes all risks associated with car leasing even if the employee falls sick or takes leaves. Furthermore, the firm offers Car deals from multiple suppliers to help employees choose their best-suited deal and avail of tax benefits associated with leasing electric cars. 

The company intends to use the September 2022 funding to invest in technology and supercharge its development and grow its team.

## Funding rounds

- Series A, Aug 14, 2024, $8.9M — TriplePoint Capital, Seedcamp, Bayern Kapital, Adjuvo, 13books Capital, Ascension Capital Partners
- Seed, Jul 28, 2022, $3M — Adjuvo, Ascension Capital Partners, Triple Point Investment Management, VOYAGERS, Portfolio Ventures

## Investors

- Adjuvo (https://capitalatlas.ai/funds/adjuvo) — Seed, Series A
- Ascension Capital Partners (https://capitalatlas.ai/funds/ascension-capital-partners) — Seed, Series A
- Triple Point Investment Management (https://capitalatlas.ai/funds/triple-point-investment-management) — Seed
- VOYAGERS (https://capitalatlas.ai/funds/voyagers) — Seed
- Portfolio Ventures (https://capitalatlas.ai/funds/portfolio-ventures) — Seed
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Series A
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Series A
- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Series A
- 13books Capital (https://capitalatlas.ai/funds/13books-capital) — Series A