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Electric vehicle leasing platform WeVee has raised £5m in seed capital to help it expand in Europe.
The platform launched in the UK in March 2020 to cater for growing demand for electric vehicles. It attracts up to 100,000 UK visitors per month.
Financial backing came from German-born international business leaders, Rahmyn Kress and Michael Perschke, who join the platform’s founder Paul Fagan as board members.
WeVee will launch in Germany later this year and in France, Italy and Spain in 2022.
It has plans to diversify into commercial vehicles, motorbikes and scooters as well as related services, including insurance.
It offers price comparisons, finance packages, independent advice and guidance on EVs.
Fagan said: “Making the switch to electric should be easy, not hard, and while leasing isn’t new, there was simply nowhere for customers to go for EVs.
“We launched WeVee to bring all options into one place, letting customers browse, compare and shop with ease.
“Given the pace of change of battery technology and fluctuating new car prices it’s risky to be an asset owner of an electric vehicle. But so many people want to be part of the e-revolution. We are making that happen.”