The Electric Car Scheme
PrivateLast Round
Series A
Oct 23, 2024
Total Funding Raised
$2.81M
Momentum Score
25 /100
Company Overview
The Electric Car Scheme is a UK-based company founded in 2020 that enables employees to lease electric vehicles at a significant discount through a salary sacrifice program. The company's mission is to make the transition to electric cars more affordable and accessible, thereby accelerating the UK's progress towards its Net Zero goals. The scheme allows employees to pay for an electric car from their pre-tax salary, resulting in savings of 20-50%. The service is designed to be free and risk-free for employers to implement and includes options for new and used vehicles, insurance, maintenance, and home charger installation. The company also offers 'The Charge Scheme,' which allows employees to save on all EV charging costs via salary sacrifice. Founded by Thom Groot and Tom Eilon, the company has seen significant growth and is backed by several venture capital firms.
Sector
Mobility, Transportation & Logistics
Verticals
Clean Transportation, Electric Vehicles, HR, Fleet Management
Business Model
B2B
Customer Profile
Marketplace Commission, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
The Electric Car Scheme Comps
Public and private peers based on sector, stage, and business model.
The Electric Car Scheme Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Oct 23, 2024 | ||||
| Seed | Sep 21, 2022 | ||||
| Pre Seed | Feb 17, 2022 |
Key People
Founding team and executive leadership
The Electric Car Scheme Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Portfolio Ventures | Seed |
| Triple Point Venture VCT | Series A, Seed |
| SPWOne | Pre Seed |
| Triple Point Ventures | Series A, Seed |
| Adjuvo | Series A, Seed |
| 13books Capital | Series A |
| Triple Point Ventures | Series A, Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 19, 2026
Rob Buckland appointed as new operations director.
- Mar 1, 2026
Rated 4.9 on Glassdoor and certified by Welcome to the Jungle.
The Electric Car Scheme Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about The Electric Car Scheme's valuation, stock price, and market status.
