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TripShift. Move Better.

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Automated carbon tracking at your fingertips, visualise, manage and reduce transport related carbon.

108%
 - 
Funded 24 Jun 2022
£110,000 target
£119,160 from 86 investors
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Business overview

Location London, United Kingdom
Social media
Website www.tripshift.eco
Sectors SaaS/PaaS Digital B2B
Company number 11706017
Incorporation date 30 Nov 2018
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Investment summary

Type Equity
Valuation (pre-money) £2.6M
Equity offered 4.31%
Tax relief

EIS

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Business highlights

  • Global transport/travel approx 25% of total carbon emissions.
  • Simply track, reduce and report transport related emissions.
  • Global market opportunity.
  • Proven technology which we believe is now ready to scale.
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Key features

  • Secondary Market
  • Nominee investment min. £10.00 +

Idea

Introduction

TripShift is a B2B focussed technology platform that makes it easy for companies to track, reduce and report their Scope 3 emissions which includes commuting, business travel and logistics.

The technology understands where you are moving but also how you are moving. We have automated the process making it simple and resource-efficient for both individual users and their employer/organisation.

It facilitates reductions in carbon emissions by identifying hotspots and opportunities to travel more sustainably, supporting the organisation's net zero reduction strategies.

We believe our reporting platform will make carbon accounting with the legislative authorities simple - an automated process combining supporting and verification data into a seamless process.

TripShift meets growing regulatory and stakeholder demands for these emissions to be measured. It aims to provide the vital insights required to support behaviourial change and invites organisations and their employees to, quite simply - Move Better.

Substantial accomplishments to date

- Brilliant startup team with backgrounds in sales, marketing, finance and app & web services development. Strong foundations on which to base growth.

- Fantastic advisory board includes the former CCO of a major international airport, Chief Envisioning Officer from Microsoft UK and a leading academic in the field of sustainability and behavioural change.

- Cloud-based solution with proven technology stack - Azure Sequel Server and application services. iOS and Android applications. Scalable and also fully GDPR compliant.

- Corporate platform supports transparent carbon reporting and aligns with good governance and corporate objectives, particularly supporting the enabling of net zero strategies.

- Successful customer trials now completed and first business (revenue) customers now being onboarded.

- Strong sales pipeline with particular interest being shown by large corporate and professional services organisations with multiple locations and large commuting workforce. Aiming to show substantial commercial traction Q2/22 and beyond.

- Building marketplace ecosystem with first partners already engaged.

- Contributing partner with the Open Data Institute (odi.org) study on Data Trusts in Climate.

- B Corp pending (full accrediation expected Q4/22) - Recognising that business should be a force for good, within an inclusive, equitable and regenerative economic system for all people and the planet.

- SME partner with Connected Places Catapult.

Monetisation strategy

How is your business going to collect employee scope 3 emissions data? Who is going to do it? How are they going to do it? Bigger teams just multiply the complexity and resources.

TripShift aims to provide the solution to these questions, and so our core revenue stream is intended to be based around our B2B SaaS technology and data platform.

B2B SaaS - Automated Scope 3 commuting, business travel and logistics emissions tracking - for less than the price of a cup of coffee per user/per month.

'Powered by TripShift' - API/SDK is intended to allow the platform to be integrated or white-labelled into existing corporate or ERP platforms. Data analysis, critical insights to city network/infrastructure planners, transport technology designers, manufacturers and operators.

Marketplace - Move Better partners, carbon absorption, public transport and active travel providers.

Specialist Product Development - we will aim to develop Travel providers and global logistics.

Use of proceeds

Our philosophy is to aim to complete all technical and business development with a tightly controlled cost and resource environment and this will not change as we move forward into the next exciting stage of our development.

Investment income from this round will be used almost entirely to support business growth activities including adding additional sales, business development resources and marketing activities.

Key Information

Material Debt

The company has the following outstanding loans:

£30,000 Bounce Back Loan from Natwest at an interest rate of 2.5% per annum. The loan is to be repaid in monthly installments with the final repayment by 2026.

The funds raised from this investment round will not be used to repay these loans.

Share Classes

The company currently has 2 classes of shares, Ordinary and B Ordinary. All investors in this round, including Seedrs investors, will be receiving Ordinary shares.

The only difference between these share classes is that B Ordinary Shares do not hold voting rights, whereas Ordinary shares do hold pro-rata voting rights.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited (trading as Republic Europe) ("Republic Europe"), which is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Republic Europe platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Republic Europe platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £2,642,320

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

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