The company provides a software platform used by organisations to help their customers transition to and manage their electric vehicles, working closely with businesses in the energy, insurance, and automotive sectors and benefitting from high levels of repeat business, with some relationships spanning five years.
The platform allows organisations to manage and add value to their customer relationships, providing access to services including EV benefits, rewards, expert support, educational content, and management tools. The software also features built-in prize draw functionality, allowing organisations to increase customer engagement.
The shareholders are offering the company for sale to facilitate its growth under new ownership.
Offers invited.
Key Highlights
Recently released an app which provides monthly automated vehicle checks, access to benefits and rewards, and educational content, amongst other services.
Revenue is generated from platform licensing fees, user access, software development, data, and advertising.
Client base includes industry-leading energy and insurance providers.
Features are compiled on a single dashboard that is fully customisable and can be white-labelled.
Technology could be adapted for other sectors, particularly by clients organisations that have motor and home sectors within their business, e.g. energy / insurance.
Several new areas for downstream revenue areas have been identified and are set to be introduced for 2026, including battery management, EV servicing / MOTs and parking.
Experienced management team in place. The CEO has advised that he would be willing to remain with the business post-sale.
The prohibition of the sale of new petrol and diesel cars by 2030 is driving and will continue to drive strong growth in the EV market.
A fully relocatable opportunity.
Financial Highlights
YE24 turnover of £455k, with an EBITDA of £122k.
YE25 outturn turnover of £399k, with a projected turnover of £602k in YE26 and £757k in YE27.
14% of turnover from contracted annual license fees / data costs, and 56% of sales derived from recurring clients.
New and existing partners are projected to generate additional revenues in excess of circa £600k.
