The investment round was led by Blackfinch Ventures and will support international expansion.
"Even before the cost-of-living crisis hit, public transport outside of big cities was broken – expensive, unreliable, or simply not there for people who need it. Almost 5,000 bus services – more than one in four – were axed between 2012 and 2022. Many that remain, especially outside cities and large towns, are under threat from the recent end of the Bus Recovery Grant. Too many people are left with a stark choice – car ownership, which is itself increasingly prohibitively expensive, or simply not working. That’s not right – it’s not good for individuals and their families, and their social mobility and mental health, or for communities more broadly, and it’s not good for the economy."
Elbow Beach Capital led the round to support the production of the company's flagship mobile energy storage technology.
"Allye’s innovative technology and the exceptional team behind the company align perfectly with our investment thesis. We are excited to support Allye on their journey as they tackle multiple pain points simultaneously and unlock the vast potential of energy storage solutions."
The seed round was led by Wing VC with participation from Notion Capital, Seedcamp, Connect Ventures, and Tiny VC.
"The companies that win big in the next decade will be those that proactively build closer, more authentic relationships with their user community. Outverse will offer companies a complete ecosystem for staying close to their customers, enabling a new generation of iconic products and businesses to emerge."
The initial financing round values the electric vehicle charging start-up at £12.6m and includes backing from Cur8 Capital.
"Go Eve offers a technology that can transform EV charging. For EVs to replace fossil-fuel cars, charging needs to be faster, lower cost, more widely available and most efficiently use available grid capacity. Our technology does all these things, which is why we see a future with rapid charging in every space."
The seed round was backed by a trio of venture capital firms including Redseed, Monte Carlo Capital, and Altair.
"This significant investment is a testament to the hard work and dedication of our team, who work together diligently to bring a wealth of experience and professionalism to the table. Both my team and investors are all excited to see how this innovation shapes the industry."
