Carverter

Idea

Introduction

Carverter is a new business enabling customers to find & lease the perfect hybrid or electric vehicle (EV). We help everyone to ‘Go Greener Sooner’.

Carverter's core target market are considering changing their current car(s) or van(s) to greener models but are unsure where to start. Carverter simplifies this complex process by immediately presenting users with the data & cost comparisons they need to make an informed, correct choice. Our competitive lease deals enable them to drive that brand new green vehicle, sooner. We even deliver it free, directly to their front door.

The UK government recently announced a ban on the sale of petrol & diesel only cars after 2030 & the EU is expected to follow. The car market is changing very quickly & 78% of consumers would now consider leasing to access an EV. Why? Because leasing is more affordable, avoids depreciation & technical redundancy.

Our business model accelerates EV leasing by capitalising on customer demand to ‘Go Greener Sooner’.

Monetisation strategy

The 2030 announcement has advanced our business model significantly, which was based on 2040. Car buyers must now consider electrification if they plan to sell their car second-hand. Drivers also want to embrace this fun new technology if they can, today.

EV’s are the future & manufacturers are investing heavily in capacity to deliver new models in increased volume. There are 32 million cars in the UK & over 206 million cars in Europe that must all carvert.

Expected revenue streams:

Commission received for leasing vehicles

Revenues received from referrals for charging installation & sale of existing vehicles

Clean energy & other green household solutions to be added

Costs:

The majority of our costs are born with our partners & most of our support functions are outsourced. This ensures extremely low running costs.

The business is forecast to be extremely cash generative with funds reinvested into expansion. Exit is likely to be to a trade buyer.