Gordons advises EV home charging company We Power Your Car on early stage funding
Thursday 8th October 2020
Gordons has successfully advised a Keighley-based business which offers fixed-price electric vehicle (EV) home charger installations nationwide on its early stage funding.
We Power Your Car 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.
Commenting on the We Power Your Car funding, Kai 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.
James 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 firm’s expertise in early stage investments recently saw Gordons advise the 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.
To find out more about our corporate law services or the work we do with companies seeking start-up or early stage funding, contact James or visit the web pages below.