Clive Bridgeman
Burgess Hill, SXW (UK)
Role(s):
Founder/Owner/Principal
Gas-n-Go Ltd
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Startup
Location:
Burgess Hill
Industry:
Internet
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
Pay-as-you-Go Cars (like Pay-as-you-Go Mobile phones, which now have 60% of the market)
The company provides cars from dealer franchisees to users on a 28-day renewable contract, as a no-risk alternative to buying a car. Cars are <6 months old and shown on a global booking system.
See mock-up web site (URL removed) for benefits.
First revenue due Q3/2012, from Trial of UK operation, supported by Ford / AVIVA. Full launch October and roll out to US and EU starting 2013. Angels Den valuation $58m based on sales levels achieved by associated company in Spain.
Seeking total investment $5.3 in 3 tranches, subject to milestone achievement. 650k/1.55m/3.1m for 38% of UK company. Further investment opportunity on global roll-out.