The Electric Car Scheme

The Electric Car Scheme

Electric Car Salary Sacrifice provider. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD18—27m (Dealroom.co estimates Aug 2022.)
Company register number 12646157
London England (HQ & founding location)

Financials

Estimates*

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Revenues, earnings & profits over time
GBP202120222023
Revenues-2.0m3.6m
% growth--82 %
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DateInvestorsAmountRound
*

£1.0m

Early VC
*

£2.5m

Seed
Total FundingCAD6.3m

Recent News about The Electric Car Scheme

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More about The Electric Car Schemeinfo icon
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ElectricCarScheme.com is a forward-thinking startup that offers a salary sacrifice program for electric vehicles (EVs). This program allows employees to lease electric cars using their gross salary before tax, similar to the well-known Cycle to Work scheme. The company primarily targets businesses looking to enhance their employee benefits packages while promoting environmental sustainability.

Operating in the rapidly growing electric vehicle market, ElectricCarScheme.com serves both employers and employees. Employers benefit from offering a modern, attractive perk that can help in attracting and retaining talent. Employees, on the other hand, gain access to top-tier electric cars at a reduced cost, thanks to significant tax savings and lower running costs compared to traditional petrol or diesel vehicles.

The business model is straightforward: ElectricCarScheme.com partners with companies to offer their employees a selection of electric vehicles on a lease basis. The lease payments are deducted from the employee's gross salary, resulting in tax savings. The company makes money through these lease agreements, which include a margin over the cost of the vehicles and associated services.

ElectricCarScheme.com also provides comprehensive support to its clients, helping them choose the right electric car and guiding them through the entire process. This includes calculating potential savings, understanding the benefits of electric vehicles, and navigating the leasing terms.

In summary, ElectricCarScheme.com is positioned to capitalize on the growing demand for electric vehicles and the increasing interest in sustainable business practices. By offering a cost-effective and environmentally friendly employee benefit, the company is set to make a significant impact in the corporate benefits market.

Keywords: electric vehicles, salary sacrifice, employee benefits, leasing, tax savings, sustainability, corporate perks, Tesla, green technology, cost-effective.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.