Growth Round Investment Opportunity - EV Rapid Charging Networks

Greetings!

Greenbackers brings you an opportunity to invest in a Series B private equity placement for Engenie, a London-based owner-operator of a growing network infrastructure of electric vehicle (EV) rapid charging stations, initially in the UK. The company is forecasting a projected 8x return on investment by 2022 exit.

Established key player in a huge growth market

With its user-friendly payment app and advanced asset management software, Engenie plans, installs and operates rapid chargers at commercial host sites, capable of charging EVs within 30 minutes for an average range of 85 miles. Given its high-profile portfolio of public and private landowner partners, fleet customers and prime sites, Engenie has set out to become the market leader with a proven and sustainable value chain. With EV take-up accelerating, demand for electric fuel will be required from 8,500 rapid chargers by 2022, a £250M market opportunity (in the UK alone) which Engenie is in pole-position to capture.

Rapid charging set for significant growth

Rapid charging is a key area of the EV market sector that addresses the problem of quick turnaround for commercial fleets, taxis or individuals away from home or work. It currently provides up to 16x the speed of standard chargers, with new technology set to increase to 50x. Engenie also intends to be the first UK operator to partner with bus operators to install a system capable of charging en-route and at the terminus in three minutes.

(inset, Patrick Sherriff, Engenie CEO)

Download Engenie One-Page Investment Memorandum

Target amount to raise: £4.5M (includes EIS: 30% income tax relief for eligible UK tax payers)
Amount raised to date: £930k from external investors, government grants, asset finance
Investors to date: 26
Greenbackers profile: Fast growth opportunity
Sectors: EV infrastructure
Exit: Targeted in 2022 at an anticipated valuation of +10x EBITDA, providing projected 8x ROI (excluding potential tax reliefs under EIS for UK taxpayers). Trade sale via major energy supplier, fuel company, car manufacturer or competitor. IPO is possible
Use of funds: Funds will be used primarily for new installations of electric vehicle rapid charge points in central London and the UK, targeting 1,500 sites by 2022

For further information and full details, contact Greenbackers Investment Capital:

Robert Hokin

robert.hokin@greenbackers.com

+44 7957 201 203

John Steedman

john.steedman@greenbackers.com

+44 7767 298 495

Thank you for considering this opportunity.

Sincerely,

Robert Hokin

Chief Executive and Managing Partner
Greenbackers Investment Capital Limited
http://greenbackers.com
Phone: +44 (0)141 334 0817

PS: If this company is not a fit for your portfolio, we would still value a few minutes of your time to speak about investments you do consider and how we might work together. It will help us to fine-tune our communications to you and keep them relevant.

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