WeVee Global’s $7 Million Seed Funding Round

Osborne Clarke advised WeVee Global on the deal.

The funding will support the expansion of the eMobility lifestyle platform into Germany and Europe later in the year. WeVee is now valued at $14million.

The EV price comparison and leasing platform, which launched in March 2020 to support fast-growing demand for electric vehicles, and attracts up to 100,000 UK visitors per month, has taken its first steps towards becoming a global e-mobility lifestyle platform and marketplace, after WeVee Global closed a pre-seed round comprising a line-up of top European angel investors, industry leaders, and global tech entrepreneurs.

The backing for worldwide expansion and diversification was orchestrated by German-born international business leaders, Rahmyn Kress and Michael Perschke, who join WeVee Founder Paul Fagan as co-founders and board members to drive the platform’s global expansion and operations in all markets beyond the UK.

WeVee will launch in Germany later this year in a move which is designed to support innovation and entrepreneurship between the UK and continental Europe, unhindered by Brexit. Kress and Perschke bring the necessary connections to Europe’s leading players in the automotive sector, as well as to a collective of European leaders and collaborative industry partners. This will then be followed by WeVee’s expansion into France, Italy, and Spain in 2022.

The Osborne Clarke team was comprised of Partner Ken Wilkinson (Picture), Senior Associate John Jarvis, Senior Associate Jas Singh and Associate Alec Bartlett.

Involved fees earner: Alec Bartlett – Osborne Clarke; John Jarvis – Osborne Clarke; Jaskirat Singh – Osborne Clarke; Ken Wilkinson – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: WeVee;

Author: Federica Tiefenthaler