Cambridge, UK, 31 October 2017 – Online investment platform SyndicateRoom today announces that electric vehicle (EV) charging company, Engenie, secured £1.5million through its investors after overfunding by 50 per cent of its original target of £1million. The company, which was launched in 2013, provides high-power rapid-charging facilities for electric cars and buses, catering both directly to consumers and also to commercial fleet and taxi operators. The round brought in 65 investors, with an average investment of £7,000, the highest being £250,000.
The funds have supported Engenie’s move into a new head office, based in Victoria, London. With space to treble its workforce, the premises put Engenie in an ideal location to initiate its London plan and to expand its national reach.
The company has also made a significant board hire, in appointing Oliver Jones as Chairman. Oliver is the CEO of Chayora, an international infrastructure developer and operating of Data Centre campuses in China. Prior to this role, he was the co-founder & CEO of The Asset Factor, a UK asset management and venture capital joint venture and he was a partner and group board director of EC Harris. Oliver has grown and sold a number of businesses, notably to Vivendi, Carillion, Arcadis and Capita. He is also a founding shareholder and Chairman of UK M&A firm Morphose, and a leading language training company in the UK, Babel Language Consulting.
“I’m incredibly excited about joining the Engenie team,” commented Oliver Jones, Chairman, Engenie. “As we ride the crest of the electric vehicle wave, I anticipate great things for the business and look forward to playing a role, responsible for governance and acting as a sounding board for the team. I’m looking forward to the journey ahead.”
“It’s been fantastic to pursue the growth and expansion we laid out before embarking on this funding journey with SyndicateRoom,” said Jeremy Littman, Engenie founder. “The next step for the business is to bring more partners on boards – local authorities, retail landlords and owners of bus depots to install our ultra-rapid charging technology. We’re excited to invite these organisations to join in our success.”