VoltShare, a London player offering electric vehicle (EV) charging solutions designed for the hospitality industry, has received secured £500K in growth funding. The investment round was led by UK-based seed-stage investor SFC Capital (Blue Skies Space and PulmoBioMed) with support from the London Co-Investment Fund, Bethnal Green Ventures, Copa Ventures and angel investors.
Funds utilisation
Most of this funding will be used to fuel VoltShare’s growth in the hospitality charging market through a strategic expansion of the company’s sales and marketing efforts. This investment will allow VoltShare to reach a wider audience of hospitality businesses, further solidifying its position as a leader in this sector.
Expansion plans
Furthermore, a significant portion of the funding will be dedicated to the development of new technological features for VoltShare’s innovative platform. These advancements will not only enhance the existing solutions offered to venues but also pave the way for VoltShare to enter new EV charging market segments. The company envisions expanding its reach to include shared office car parks, residential block charging solutions, and fleet/commercial hybrid car park management.
What does VoltShare do?
Founded by Sheng Liu in 2019, VoltShare is an integrated EV charging solution designed to meet the needs of sustainability-minded hospitality venues and holiday rentals. It offers a high-quality charger, a mobile app, and a unique pay-as-you-go business model that generates revenue for venue owners from every charge.
The company makes it easy to search for charging points by location, availability, and price. It lets users find the perfect charging solution for their needs. Whether at home, work, or on the go, its app will help users locate the nearest charging points and plan their route accordingly, so they can charge their vehicle without the hassle of long trips.
It helps electric vehicle owners save time and money on charging their vehicles. Its app provides a convenient and cost-effective alternative to public charging stations.
“We are thrilled to be partnering with Bethnal Green Ventures, the London Co-investment Fund, and the Start-up Funding Club, Copa Ventures and like-minded Angel Investors. VoltShare is committed to driving innovation and creating impactful sustainable solutions. I am very proud to announce the close of our oversubscribed pre-seed round with an investment of over £500k, we are poised to accelerate our growth, scale our operations, and bring our market-differentiating solutions to a broader market. We shall continue to work with our partners, suppliers, and clients. Together, we can transform challenges into opportunities and pave the way for a brighter, more sustainable future,” stated Sheng Liu, Founder of VoltShare.
“We are excited to partner with VoltShare as they empower the hospitality industry to embrace the future of electric mobility. VoltShare’s innovative solutions provide a win-win for the hospitality industry and EV drivers, and we believe the company is well-positioned for significant growth,” stated Ed Stevenson, Investment Executive at SFC Capital.
What do we think about VoltShare?
This investment symbolises investor confidence in the company and its ability to establish each venue’s green credentials whilst attracting guests who want to charge their EVs. By adding more features and reaching a wider audience of hospitality businesses, the company plans to solidify its position in the EV charging solutions market.
