Engenie Update: re your previous interest, investors can now participate through Syndicate Room, limited time offer

Greetings!

Following our previous communication with you, here are some updates on exciting new developments in the fundraising program for Engenie, the UK’s leading rapid-charge network operator for electric cars and buses.

For a limited time, Engenie is now offering smaller investors the chance to participate in their success via the SyndicateRoom investment platform - with the ability to invest alongside lead investors at the same share price and terms, with EIS tax benefits.

There’s lots of useful information about Engenie, this aspect of the fund-raise (£1M target, 53% completed already) and a team-made video about the company which you can view.

Electric Vehicle rollout is accelerating quickly - rapid charge infrastructure will be key to determining the pace and Engenie is in pole-position to exploit it.

Find out more about the SyndicateRoom offering- CLICK HERE

Lead Investor - Chris Dougan

The lead investor for this round is Investment Banker Chris Dougan and you can see a video interview on why he chose to invest. There is also an interactive Q & A section where you can directly engage with Engenie Management.

Government & Industry support for EVs increasing

You may have recently noted the announcement that France’s Environment Minister outlined plans to completely eliminate petrol and diesel vehicles by 2040. This news came hot on the heels of Volvo’s announcement to stop making vehicles powered solely by internal combustion engines from 2019 onward and the announcement in the Queen’s Speech for chargers to be installed in all UK motorway services and petrol station forecourts.

Rapid charging is a key area of the EV market sector that addresses the problem of quick turnaround for commercial fleets, taxis and individuals away from home or work.

Today it provides up to 16x the speed of standard chargers, with new technology set to increase this to 50x. Engenie also intends to be the first UK operator to partner with bus operators to install a system capable of charging en-route and at the terminus in just three minutes.

(inset, Patrick Sherriff, Engenie CEO & Jeremy Littman, Founder/MD)

Find out more about the SyndicateRoom offering- CLICK HERE:

Engenie's target for their A round: £1M to be raised via Syndicate Room. (includes EIS - 30% income tax relief for eligible UK tax payers). A follow-on B round of £4.5M comes shortly after.
Use of funds: A round funds will be used for staff-up and a small tranche of new installations of EV rapid charge points in central London & the UK. This will be expanded on during Round B to 110 charge points, with 1,500 sites forcast by 2022.
Amount raised to date: £930k from external investors, government grants, asset finance
Investors to date: 26
Greenbackers profile: Fast growth opportunity
Sectors: EV infrastructure
Exit: Targeted in 2022 at an anticipated valuation of +10x EBITDA, providing projected 8x ROI (excluding potential tax reliefs under EIS for UK taxpayers). Trade sale via major energy supplier, fuel company, car manufacturer or competitor. IPO is possible.

If you are interested in participating in Engenie’s success or know someone who might be, the SyndicateRoom crowd round is open until the 4th of August. Don’t miss out! For further information and for larger tranches of investment (£250K+), contact the team at Greenbackers Investment Capital.

Robert Hokin

robert.hokin@greenbackers.com

+44 7957 201 203

John Steedman

john.steedman@greenbackers.com

+44 7767 298 495

Thank you for considering this opportunity.

Sincerely,

Robert Hokin

Chief Executive and Managing Partner
Greenbackers Investment Capital Limited
http://greenbackers.com
Phone: +44 (0)141 334 0817

PS: If this company is not a fit for your portfolio, we would still value a few minutes of your time to speak about investments you do consider and how we might work together. It will help us to fine-tune our communications to you and keep them relevant.

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