Virtus Energy

Idea

Introduction

Virtus Energy is a specialist in the Electric Vehicle charging infrastructure. Our business is built on partnerships.

We are a service-driven, technology-neutral provider that can install EV infrastructure anywhere in the UK.

Our consultative solution helps consumers in the EV industry understand what the best approach is for them on an individual basis.

We work with producers of electric vehicle charging points, EV sockets and pedestals to provide clients with a one-stop EV charging solution offer that includes installation, a smart charging management app, guidance and helpline - basically everything but the car.

As the UK introduces its ban on the sale of new diesel and petrol cars and vans from 2030 and hybrids from 2035, our business will be crucial in ensuring the right infrastructure is in place.

Substantial accomplishments to date

We have partnered with Rivervale Leasing to include our home charging installation service in their customer’s monthly rentals, a first for the car leasing industry.

We have secured nationwide installation reach through our qualified electrician network, allowing us to deliver the same high-level service for our clients anywhere in the UK.

Key customer contracts with growing companies to provide their EV charging solutions for Paack and ABP Food Group.

We pride ourselves on the service we deliver to customers, and the feedback to date has been excellent.

Monetisation strategy

We drive revenue through our consultative approach which leads to paid for installations of hardware that suits our customers requirements.

We are technology neutral, meaning we can advise on a case-by-case basis, rather than potential customers going to hardware manufacturers who would be obliged to sell their own products. This means our customers do not need to shop around the industry to compare products as we can deliver it all as a complete service.

In addition to this, we are able to drive revenue through recurring reporting and management for businesses.

Once we have provided the initial installations of charging units, we produce reports on how they can best use their new services and bring repeat business by extending their solutions i.e. installing further units in their workplaces, or more units in housing developments.

Use of proceeds

The initial phase of our use of proceeds will go towards the hire of key staff - to scale up our business and reach our goals, we need to make key hires to progress the business.
We will immediately strengthen our marketing and business development divisions whilst also adding to our Consultancy and Installation offering with key hires already identified.

We are also in the development stages of the Virtus Energy back-end system, which will include an app that allows our customers to control their charger and monitor their electricity spend.

This system will allow our existing commercial clients to monetise their assets, such as public car parks with EV units, to control electricity use and monitor charge points.