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equityEquity
Capital at risk
£2.0m
Valuation
7.5%
Equity share
SEIS
Capital at risk
SEIS
Amount
£
Minimum investment is £50
SEIS Tax Relief
£
Ownership share

3F EV's mission is to be the recognized leader in providing sustainable transport through the rental of vehicles that are 100% electric (zero emissions). The slow uptake in the use of electric cars is largely due to aversion around the reliability and range of electric vehicles. 3F EV believes the Tesla Model S completely addresses these concerns. 3F EV brings to the UK market a premium, sustainable car rental service focused exclusively on the rental of the Tesla Model S.

3F EV provides a premium, all electric, zero emissions car rental service. The business concept is based on the simple premise that electric cars make sense.

3F EV's vision is to create the next Enterprise Cars, Sixt, Hertz, or Avis, that comprises of a fleet of cars that are 100% electric, 100% connected and have 100% autonomous driving capabilities. An all green, sustainable, smart car rental company of the future, that helps 3F EV's customers reduce their carbon footprint with every mile travelled while experiencing the most technologically advanced car on the market. The car of the future, available today.

3F EV was incorporated in December 2014 and began operations in May 2015. Their fleet of Tesla Model S vehicles are all black and fully accessorised, including the Autopilot feature. They offer their customers very competitive daily, weekend, weekly and monthly rental rates. They are strategically based in Reigate Surrey, giving them very easy access to Central London and both Gatwick and Heathrow airports. This location-based model is proving quite popular as they have already have had almost 100 successful, unique customers across Europe, Australia and the US. In less than six months of operations, they were shortlisted as New Business of the Year by the prestigious Gatwick Diamond Business Award.

This campaign presents the opportunity to invest in 3F EV's 2016 growth plans, with plans to grow the company's fleet by an additional six Tesla Model S vehicles, increase their marketing and develop a first class app. The app will allow them to grow into the UK's top electric car rental company by increasing their user experience.
The company aims to raise £150,000 by offering an equity share of 7.5% split across investments of £500 to £50,000. Each unit also entitles the investor to free rental rewards, ranging from one day to one month, with a 10% preferential rate off of the company's Tesla Model S rental rates.

3F EV plan to increase their fleet size of Tesla Model S cars in year one to 35 cars by year three. Their very conservative figures estimate revenue of £1m by year three, with all assets (cars) owned by the company.

Competitors

Their operating model is simple, yet it allows them to stand out. They are the first and only EV rental company to offer:

24/7 dedicated booking line with weekend and bank holiday services available

Excellent technical and customer support before, during and after the rental (backed by 5 star customer feedback)

Invite only 3F EV Tesla Members Club, which provides members with exceptional benefits, including over 60% discount off of advertised rates and complimentary delivery

They are the only EV rental company that is FCA registered, so they can offer leasing/finance advice to individuals and companies who want to buy an EV car after renting with them

They are backed by banks and financial institutions who are willing to provide asset finance to their customers in purchasing EV cars.

They do all the above at a market price point equal to or lower than their competitors.

X

Equity - product type
Maximum
£ 150k
Raised
£ 0
Investors
0
Est close date
Completed

Where will the funds go?

Fleet expansion
£80,000
Overheads
£40,000
Marketing
£30,000

Key people

Funmi Onamusi
Managing Director
Shaun Carter
Operations Manager
Red cup

Investor rewards

Boss it to work the eco-friendly way

If you invest £501 - £1,500
One 24 hour week day rental and 10% off standard rate bookings.

Be green this weekend

If you invest £1,501 - £5,000
One free weekend plus 10% off standard rate bookings.

Getaway in style

If you invest £5,001 - £10,000
One free week plus 10% off standard rate bookings.

Plan a trip around Britain’s great outdoors

If you invest £10,001 - £25,000
Two free weeks plus 10% off standard rate bookings.

Dress to impress when you drive up in Tesla

If you invest £25,001 - £50,000
One month ownership of the Model S plus a free weekend every year during the term of the investment.

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Business brand

RH2, UK

"3F EV provides a premium, all electric, zero emissions car rental service. The business concept is based on the simple premise that electric cars make sense."

Incorporated
9 years, 5 months
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Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.