We're raising £300,000
Having launched a successful pilot at the start of 2019, we aim to use our knowledge to develop and grow our network of power banks to 500 locations. With 94% of adults in the UK owning a mobile phone and 234,000 potential charging locations, we see opportunities for aggressive expansion.
With various other phone charging businesses succeeding in today’s market, we needed to find a new product which has market leading features. With the help of our supplier we were able to get a product that not only supersedes all market competitors but also brings a key revenue driver other than rentals.
Most frequent questions and answers
A national network of drop & go power banks across high footfall venues including pubs, bars, restaurants, hotels and transport hubs
London and all other densely populated UK cities and towns
UK addressable market of £164m out of a total market size of £16.4bn
. Power bank rentals
. Power bank sales via retail and online
Amount: £300K seed round
Use of proceeds: To fund 500 Hubs and 20 Kiosks ordered from China
Equity Offered: 20% equity in Charger Ltd
Exit Strategy: 4-5 Years via trade sale or IPO
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