Smart Transport

EV car subscription company wins £68k Government investment

Elmo, the UK-based electric car subscription company, has won £68,000 in funding from Innovate UK to help grow its platform.

Innovate UK, as part of UK Research and Innovation, is investing up to £191 million to fund single and collaborative research and development projects as part of the Sustainable Innovation Fund over the next two years.

The aim of these competitions is to help all sectors of the UK rebuild after the effects of COVID-19.

Elmo offers customers flexible and net zero ‘total cost of ownership’ subscriptions for electric cars.

Monthly prices start from £379 a month for 12-month contract for a Renault Zoe and includes maintenance, breakdown cover, insurance and carbon offsetting.

Oliver Jones, co-founder of Elmo, said: ‘At Elmo, we believe that everyone should have access to safe and effective transport that’s sustainable for the planet and their wallet.

“We see Elmo having a unique role to play as the UK builds back better following the COVID-pandemic.

“By providing people easier access to electric cars through our flexible subscriptions, we can support the growth of clean transport.”

Jones said the funding would help Elmo to scale its services to meet the 90% increase in demand for its leasing subscriptions the company has seen since the onset of the coronavirus pandemic.

Watch now: Connecting Policy To Solutions Virtual Conference 2021

Smart Transport Conference returned on June 8th & 9th, to facilitate pivotal discussions on the future of transport. 

The UK’s most senior public and private sector transport leaders discussed the impact of Covid-19, achieving the Government’s decarbonisation ambitions, the need for more efficient living and better health, and much more.

Kwasi Kwarteng, secretary of state at the Department for Business, Energy and Industrial Strategy (BEIS), who spoke on BEIS's approach to decarbonising transport, particularly the electrification of the vehicle industry. Watch his presentation below:

 

Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content




Office Address
  • Smart Transport
    Media House
    Lynch Wood
    Peterborough
    PE2 6EA
Join the community
  • Smart Transport is the UK's most important brand to bring together senior public policy makers and influential private sector leaders to showcase real-time solutions aligned to government policy.
  •  
  • Find out more
  • Insight
  •  

 

Welcome to Smart Transport

Welcome to the Smart Transport website, keeping you up-to-date with the latest news, insight and reports from policymakers and thought leaders.

The Smart Transport brand connects policy to solutions by bringing national government and local authority policymakers together with private sector organisations.

Contact Lindsay Greatbatch for more information.

© Bauer Consumer Media Ltd
Media House, Lynch Wood, Peterborough, PE2 6EA - Registered number 01176085 IPSO regulated logo

 

Smart Transport members

Smart Transport board members

 

Please note:
By submitting any material to us you are confirming that the material is your own original work or that you have permission from the copyright owner to use the material and to authorise Bauer Consumer Media to use it as described in this paragraph. You also promise that you have permission from anyone featured or
referred to in the submitted material to it being used by Bauer Consumer Media. If Bauer Consumer Media receives a claim from a copyright owner or a person
featured in any material you have sent us, we will inform that person that you have granted us permission to use the relevant material and you will be responsible for paying any amounts due to the copyright owner or featured person and/or for reimbursing Bauer Consumer Media for any losses it has suffered as a result.