Zip World contributed £250k to the round as the booking platform prepares for international expansion.
"It’s fantastic to have support from Zip World given their position and standing in tourism. Both our businesses are ambitious and forward thinking so it’s a great match. It also gives us an incredible wealth of experience and business acumen to tap into at Zip World."
The e-scooter maker surpassed its initial £1m target on Crowdcube to support new product creation and market growth.
"We’re excited to welcome Pure Electric to Crowdcube. Investment in green companies via Crowdcube has risen considerably over the past few years, and we’ve seen more and more of these companies taking on the challenge of urban mobility. In addition, 74% of Crowdcube investors want their investments to positively impact the world, and we’re looking forward to giving our investors a chance to back Pure Electric as well"
The Copenhagen-based electric vehicle platform will use the capital to enter North America and develop new grid management services.
"We are aiming to fully digitalise the EV ecosystem to tackle all the immediate challenges within the industry and build toward a more transparent and flexible future. By partnering with hardware OEMs, we can deliver new features straight out of the box, like our new feature that allows operators to set a percentage on top of the spot price in order to follow the market fluctuations and automatically offer a fair price for charging,"
The financing was backed by Sompo Light Vortex and existing investors.
"Executing a successful capital raise in this economic environment is a major achievement for Wejo and reflects our investors’, partners’, and directors’ confidence in the Company’s ability to improve business fundamentals as we focus our portfolio of solutions around the traffic and insurance product lines,"
The consortium led by AGS Airports and NHS Scotland will use the capital to conduct live flight trials and build physical infrastructure.
"The CAELUS project is set to revolutionise how healthcare services are delivered in Scotland. A drone network can ensure critical medical supplies can be delivered more efficiently, it can reduce waiting times for test results, and, more importantly, it can provide equity of care between urban and remote rural communities."