Make energy security sustainable and affordable
Our mission: The right charge, the right time at the right cost
Today, smart charging is defined by regulatory compliance and “Time of Use” optimisation, to avoid peak tariffs for drivers and for the grid ecosystem.
Our aim is to deliver the smartest charge; using Machine Learning (ML), Deep Learning (DL) and Artificial Intelligence (AI) our data-driven and user-centric algorithms are constantly learning and evolving to deliver the best user experience.
Our current investors
Why invest in us?
The EV market is one of the fastest growing today, it is projected to continue its fast track for at least the next 6 years, to exceed $800 billion globally by 2027, at a compound annual growth rate (CAGR) of 22.6%. Electric Miles has created a premium SMART Charging app to compete effectively and to deliver significant profitable growth in that market. With product market fit established, we will now focus on growth, in 3 simple but compelling steps that drive:
Why invest in us?
The EV market is one of the fastest growing today, it is projected to continue its fast track for at least the next 6 years, to exceed $800 billion globally by 2027, at a compound annual growth rate (CAGR) of 22.6%. Electric Miles has created a premium SMART Charging app to compete effectively and to deliver significant profitable growth in that market. With product market fit established, we will now focus on growth, in 3 simple but compelling steps that drive:
Market share
Average revenue per user
Customer retention
Our newly defined Freemium business model establishes a solid pathway to market share growth, as it leverages our differentiated schedules that use the best available tariff. Then we will target the EV to enable transactional value towards holistic energy management to grow our ARPU by:
We will secure 12% of the UK market by 2025 and unbundle our SMART logic to trade our data driven capabilities internationally using our SaaS platform. By 2027, we aim to have a clear exit strategy in view.
We will secure 12% of the UK market by 2025 and unbundle our SMART logic to trade our data driven capabilities internationally using our SaaS platform. By 2027, we aim to have a clear exit strategy in view.
How to invest?
We have now opened for Advance Subscription Agreements to our forthcoming Seed B Investment round, which formally opens in Q1 2023. Come join our growing list of investors, who support our mission as a viable route to profitable growth. We expect to close the ASA window by the middle of Q4 2022.
How to invest?
We have now opened for Advance Subscription Agreements to raise £500k towards a £2m Seed B Investment round, which will formally open in Q1 2023. We continue to offer SEIS tax advantages, which under the recent UK budget proposal have been extended by a further £100k. We expect to close the ASA round by the middle of Q4 2022, extending our runway by another 12 months.
Ours is a recession-proof investment
Our business model is a direct response to current economic challenges and inflationary pressures. Our app is available as a complementary offer, when bundled with all our partner charger sales. We will grow our market share to consolidate our user engagement through premium services and in-app sales that aim to lower our users’ holistic energy costs.
Ours is a recession-proof investment
Our new Freemium business model is a direct response to the current macroeconomic challenges and recessionary pressures. Our SMART app will only be available for free as a complementary offer with new charger manufacturer sales, this will ensure we retain its perceived value. As our market share increases, we will create revenue through every charger connected to our platform. This will ensure we deliver our mission and consolidate our foundations through user engagement, and in-app sales of premium services that lower our users’ holistic energy costs
