About Voltric

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.

```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> Voltric generates revenue through monthly subscription fees that vary depending on the chosen EV model and subscription term. Additional revenue may be generated from optional add-ons, such as the addition of a second driver for £25 per month. </revenue_model> ```

What does Voltric do?

Where is Voltric located?

Voltric is based in Newport, United Kingdom.

When was Voltric founded?

Voltric was founded in 2019.

How much funding has Voltric raised?

Voltric has raised 370000.

Location

Newport, United Kingdom

Founded

2019

Funding

370000

Employees

15 employees

Major Investors

Eamon Tuhami

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Voltric

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Executive Summary

voltric.co.uk 2K+

Crunchbase

Founded 2019 – Newport, United Kingdom

Funding

Estimated Funding

$300K+

Major Investors

Eamon Tuhami

Team (15+)

No team information available.

Company Description

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.

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

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.

Revenue Model

Voltric generates revenue through monthly subscription fees that vary depending on the chosen EV model and subscription term. Additional revenue may be generated from optional add-ons, such as the addition of a second driver for £25 per month.