Edinburgh, United Kingdom
loveelectric, founded in 2021, is positioned as an innovative player in the Autonomous and Sensor Tech industry with a focus on making electric vehicles accessible through their distinctive EV salary sacrifice scheme. Operating from the United Kingdom, the company emphasizes affordability and convenience by offering clients savings ranging from 30-60% on both new and used electric vehicles. These savings encompass essential services such as comprehensive insurance and maintenance, all bundled in the monthly price.
loveelectric operates under eco-friendly principles as a Certified B Corp, reflecting their commitment to ethical business practices. By offering a cost-neutral solution to businesses, they not only help reduce corporate tax liabilities but also aid in rewarding high-performing employees and enhancing sustainable initiatives.
The startup secured a £1.00M Seed Round funding on 04 November 2022, backed by noted investors including Techstart Ventures, Marchmont Ventures, and Bill Dobbie. With the industry's growing emphasis on sustainability, loveelectric offers a compelling blend of environmental stewardship and financial pragmatism.
