BVP leads new investment round in Irish electric car rental business13 Dec 2019
Friday 13th December 2019. Elliott Griffin’s boutique investment company BVP has completed over €9m of equity and Green Bond investments through 2019. Griffin confirmed the figures as he announced details of a €1 million EIIS investment in Irish based Electric Car Rental company UFODRIVE.com.
Griffin has also confirmed that BVP is on target to raise a further €5 million in the coming weeks which will be used to support EIIS investments in businesses through 2020. Griffin said the company was already looking at investible companies; “we have a pipeline of really exciting businesses which we are in discussions with and we expect to close out some very positive deals in the early months of 2020.”
BVP is the lead investor in a €2.6m funding round just completed by UFODRIVE.com. The company has created a revolutionary new electric car rental platform which solves all the pain points of car rental. Located in prime locations in major airports and cities, UFODRIVE allows customers to rent premium electric cars, like Tesla, in just two minutes via their smartphone. Launched just 18 months ago the company has grown rapidly and is already in eight countries and 15 locations. In addition to winning best mobility start-up in 2018 it was recently named as Best Start-up at the Global Ventures Summit, held in Luxembourg.
Other EIIS investments undertaken by BVP through its 12th EII Fund this year include:
- Tandem HR an innovative performance management software provider
- Buymie the fast-growing company known as the “Deliveroo of grocery deliveries”
- BleeperBike the largest private bike sharing scheme in Ireland
BVP investments are arranged through its EII Fund (Employee Incentive and Investment Scheme) which is a revenue approved scheme which provides investors with a tax efficient way to support Irish start-ups and SME companies.
BVP investors typically commit to a 4 – 7-year investment timeframe.
Issued on behalf of BVP by Gordon MRM