We have now met our £600,000 investment target
We are so grateful to everyone who has invested in Co Cars to help us create a shared, electric and zero carbon future.
The money raised will support the next phase of growth of our zero carbon shared mobility network of electric cars and bikes. This will accelerate our goal of reducing congestion and pollution by providing affordable, sustainable and on-demand shared mobility for all.
By summer 2021 we will have increased our Exeter network to over 55 cars – of which at least 25 will be electric – and 150 bikes with an estimated combined customer base in excess of 5,000 regular users. We project this will take an additional 150 private cars off the road and remove a further 230 tonnes of CO2 from the city’s atmosphere per annum. This will help tackle congestion and pollution in a rapidly growing city whilst giving everyone affordable access to the latest zero carbon transport.
This investment will also allow us to improve our systems, infrastructure and staffing so we can increase our reach across the South West and beyond, unlocking our potential to deliver our 2024 target of over 100 shared cars and 250 shared bikes.
We anticipate there will be further rounds of investment as we continue to expand our shared mobility network. If you’d like to be the first to know and keep up to date on all our news, please sign up to our mailing list and we’ll be in touch.