Devon-based electric vehicle charging company aims to raise £400,000 to fund one hundred charging points

Liv Butler
Authored by Liv Butler
Posted Wednesday, May 11, 2022 - 1:32am

Wenea South West are aiming to raise £400,000 through a 10-year investment bond offer on ethical investment platform, Ethex.

The funds are intended to help them deploy at least 100 rapid electric vehicle (EV) chargers across 44 locations in Devon. This roll out of public chargers will enable more people across Devon to make the switch to electric vehicles, vastly improving air quality and cutting traffic carbon emissions.

Wenea are also working with electric car sharing service, Co-Cars, enabling people for whom the cost of an EV is prohibitive to rent them by the hour. The IFISA eligible and offer has a minimum investment of £500 and target a tax-free 6% return.

At a time when the UK is lagging in its net-zero commitments, investments in offers like these allow everyday people to invest for potential tax-free returns of up to 6% while funding community-based projects that are taking real action against climate change.

Lisa Ashford, CEO of Ethex: “We are seeing significant interest from investors who want to invest their ISA to support organisations that are helping us reach our net zero goals while targeting potential tax-free returns. We’re really pleased to be supporting this excellent project which is helping their community embrace the shift to electric vehicles and take decisive action against climate change.”

Please note that investing in the offers available on the Ethex platform puts your capital at risk and returns are not guaranteed. Read the full risk warning on before deciding to invest.

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