Carverter
Company

Last deal

$1.8M
Local Amount - GBP 2.3M

Amount

Equity Crowdfunding

Stage

31.01.2021

Date

1

all rounds

$1.8M

Total amount

General

About Company
Carverter enables customers to easily find and lease the perfect hybrid or electric vehicle.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2018

Number of employees

Last funding type

Equity Crowdfunding

IPO status

Private

Description

The company operates an online platform that offers a wide range of hybrid and electric cars, providing independent advice and comparison tools to facilitate the switch to greener vehicles. Their application recommends suitable hybrid or electric cars as alternatives to users' current vehicles, promoting the adoption of low- or zero-emission options. However, due to the global post-COVID semiconductor shortage, new electric car delivery times were significantly delayed, leading to a surge in the used car market. Unfortunately, these unprecedented market conditions forced Carverter to enter into solvent voluntary liquidation on February 1, 2022, returning remaining funds to investors.
Contacts