The mobility sector needs to prioritise the transition to alternative fuel vehicles, including battery electric vehicles (BEV), hydrogen, or locally- generated energy. To deliver this sustainable future, companies need funding. The process may seem daunting, but the opportunities are plentiful.
In addition to more traditional routes, government grants are available and you can also look at ESG-linked loans, which have more favourable margin ratchets.
A credible strategy that articulate the commercial, operational and financial risks and opportunities will accelerate investment and access better rates.
Market testing can identify strategic investors and buyers, and there's always the option of overseas investment.
In the last few years, multiple mobility businesses have come to us for guidance on securing the funding they need to realise their ambitions. This is how we helped them.
Project EV is an industry-leading provider of electric private-hire vehicles.
The company wanted to expand its presence in major UK and overseas cities by raising a wholesale finance facility.
Raise a wholesale finance facility to increase fleet size and expand in major cities in the UK and overseas.
We tested the market across a mix of high street, international banks, and debt funds to gauge lenders' appetites – measuring their views on indicative pricing and the route towards a long term opportunity via securitisation.
EB Charging is a leading UK provider of electric vehicle charging solutions
Whilst there is huge demand from public institutions and the private sector electric vehicle charging solutions, the capital cost of laying the infrastructure is very expensive. EB Charging sought a partner that had the capital to help it rapidly install charge points and meet the market demand.
Assist the shareholders in exploring funding options (debt, private equity/venture capital funding, and corporate partners) to allow the business to capitalise on the exciting market opportunity.
We approached a wide spectrum of funding partners and handled every aspect of the process: from due diligence and negotiation of legal documentation to approvals and appropriate management incentive arrangements. Ultimately we advised on the successful sale of the business to Blink Charging, who committed to funding the significant pipeline of charge point infrastructure projects, which EB Charging had tendered for and secured.