VU Compare, an Altrincham-based auto insurance and finance comparison site, expects to raise £250,000 in seed capital ahead of its launch later this year.
The one-stop-shop comparison will include awning leasing, lending and insurance, and says it will also be the first to introduce comparison features for electric vehicle (EV) chargers and car subscriptions, the latter to be included in phase two of the launch.
Managing director Tim Borthwick said: “VU Compare is such an exciting proposition and one that I and the team implementing it are incredibly proud of. It promises to be a true market disruptor, providing a much more complete set of comparison facilities to its closest competitors. »
He added: “With this first initial funding circular, we are for £250,000 to help free up the site and launch the initial crusade activity.
“For any serious investor, VU Compare offers an investment opportunity with true returns on investment, combined with an ever-developing client market.
“At the moment, there is no service in the UK that is particularly focused on adding the other parts of getting a new car, and that’s where we come in. We are filling this gap in the market and we are already to maintain the corporate pace through participation in emerging subscription markets, which are not well served with an effective comparison engine, and installing charging problems for electric vehicles. “
With the end of the sale of new petrol and diesel cars in the UK until 2030, when the features will be electric or hybrid vehicles, the need for electric vehicle charging problems will increase exponentially.
The government has already pledged £1,300 million to accelerate the implementation of charging problems for electric cars in homes, streets in the UK and on motorways in England, so that other people can rate their cars more smoothly and conveniently.
It also supplies owners, businesses and local government for the installation of charging stations and the deployment of fast charging stations.
VU Compare aims to fulfill this developing call in terms of electric vehicle chargers by giving consumers the option to compare installation and charging costs in their zip code. they exist in the market today, he says.
Another feature of VU Compare’s proposal, he says, is its commitment to the environment. The company has committed to planting one tree for every single app created through the comparison site. Every time an individual creates a new app, they will get an email confirming that a tree will be planted on their behalf. Your online page will also display an existing meter that totals the number of trees planted.