Project Description

HMT LLP advised UFODRIVE – the leading self-service electric vehicle rental company and eMobility SaaS provider in Europe on their $19million Series-A funding.

UFODRIVE is the first all-digital, all-electric car rental service controlled from an app. Its advanced eMobility SaaS platform makes transitioning to electric easy for both customers and fleet providers – delivering lean operations, lower energy costs, better charging and optimal fleet utilisation using advanced AI tools. UFODRIVE’s technology delivers a two-minute ‘arrive and drive’ entirely digital EV customer experience.

Founded in 2018, UFODRIVE’s success is based on environmentalism, superb customer experiences and an eye to what modern consumers need. The business has experienced sustained growth throughout the pandemic, opening new locations as well as adding home delivery and subscription to its existing rental operation.

The Series-A financing of $19million from major strategic and financial investors will be used to accelerate product development and to expand globally, with a focus on the U.S. market.

HMT worked with founders Aidan and Renaud to identify suitable investors on a global basis and helped establish a competitive platform for the investment with multiple offers of funding being received.

Aidan McClean, CEO of UFODRIVE commented:

“We would like to thank James and his team at HMT for supporting us throughout this fundraise. They continued to provide support and guidance as the world emerged from Covid-lockdowns and helped us move quickly to secure multiple offers of funding which allowed us to achieve the optimal deal terms for us and our existing investors. James provided clear guidance and market insight throughout. HMT’s deal support allowed us to concentrate on the day job and I would thoroughly recommend HMT to anyone considering a fundraise and I look forward to working together again in the future.”

James Thomas, Technology Partner at HMT commented:

” We are delighted to have supported Aidan and Renaud on their successful Series-A fundraise which will see UFODRIVE’s industry leading e-mobility fleet management software platform deployed at a global scale. We thoroughly enjoyed working on this transaction and look forward to watching UFODRIVE’s leadership of this sector continue to grow.”