The Electric Car Scheme has raised a Series A round led by 13books Capital to support its electric vehicle salary sacrifice platform.
"This new round of investment is a huge vote of confidence not only in The Electric Car Scheme, but the company’s impact in supporting the wider transition to Net Zero emissions. We are incredibly excited to work together with our brilliant team, and forward-thinking investors to deliver on our mission to make Net Zero simpler and cheaper to become the obvious choice."
The London-based energy analytics company has raised $25m in debt financing from CIBC Innovation Banking to support international expansion and innovation.
"We’re very excited to work with CIBC Innovation Banking as we continue to accelerate Vortexa’s international growth and investment in innovation."
Renewable energy leader Drax backed the project with a £1m investment alongside a UK Government Clean Maritime grant.
"Wind is abundant, free, and exclusively available to any ship equipped to use it. Modern 21st century easily retrofittable wing sails lower the cost of propelling ships, which reduces the dependency on commodity-based fuels – whether fossil or alternative fuels – and improves supply chain certainty. Smart Green Shipping shares a joint mission with Drax Group to use renewables to move renewables. We are immensely grateful for the support from Drax Group to create seamless and easy-to-access wind solutions for cargo owners and ship owners. The first commercial installation of FastRig is incredibly exciting and an important milestone as we derisk the transition to wind for the whole shipping ecosystem."
The strategic backing from Hamamatsu Ventures will support international expansion and technological development.
"This collaboration marks the beginning of an exciting new chapter for us, especially as we expand into the Japanese and Asia markets. Hamamatsu’s support has also been invaluable in our recently established U.S. operation, where their network has been helping us establish critical connections to scale our business."
The Series B round was led by HV Capital and Unbound, with participation from Cristiano Ronaldo, to fund global expansion.
"Backing Bioniq goes beyond just an investment opportunity for me—it’s about aligning with a shared vision for health, performance, and longevity. I have been using their products myself for almost three years. With their personalized health approach, I believe Bioniq has the potential to transform how we care for our bodies and help people reach and maintain their peak performance for longer."
