This startup offers a subscription service that includes electric vehicle hire, insurance, road tax, breakdown cover, maintenance, and repair, facilitating access to sustainable transportation. By providing an all-in-one solution, it helps customers lower the financial barriers to electric vehicle ownership while reducing harmful emissions.
Funding
$370K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The upfront cost of purchasing an electric vehicle, combined with concerns about maintenance, insurance, and depreciation, can deter individuals and businesses from adopting sustainable transportation options. Traditional car ownership models often involve long-term financial commitments and administrative burdens.
Solution
Voltric offers an all-inclusive electric vehicle subscription service that eliminates the barriers to EV adoption. Customers pay a single monthly fee that covers the electric car, insurance, road tax (until 2025), breakdown cover, maintenance, and repairs. Voltric provides a flexible alternative to traditional car ownership or leasing, with shorter commitment periods and hassle-free operations. Subscribers can choose from a range of EV models to suit their lifestyle and driving needs, with the option to add a second driver. Voltric also supports corporate sustainability goals by offsetting the CO2 emissions of its vehicles and offering solutions for company car schemes, salary sacrifice programs, and fleet electrification.
Target Audience
Voltric targets individuals and businesses seeking a flexible, all-inclusive, and sustainable transportation solution, including those who are hesitant to commit to traditional car ownership or leasing, as well as companies looking to electrify their fleets and reduce their carbon footprint.
Features
- Wide selection of EV models, including hatchbacks, estates, and SUVs
- Comprehensive insurance coverage included in the monthly subscription
- All maintenance and repairs covered, including servicing, tires, and warranty work
- 24/7 breakdown assistance for peace of mind
- Voltric Paua charging card providing access to a UK-wide network of over 56,000 public charging points
- Optional home charging solutions through partnerships with charger providers
- Business dashboard (coming soon) for fleet management, providing insights into usage, costs, and emissions
- Flexible subscription terms with options for 6-month and 12-month contracts
- CO2 emission offsetting to support corporate sustainability goals