Electric vehicle startup secures angel investment to expand to new Sheffield base

A South Yorkshire green energy electric vehicle (EV) specialist has secured ‘significant’ seed investment during the lockdown period in order to expand operations.

EV startup Mina has secured funding from a range of private angel investors, with support from investment non-profit organisation NorthInvest.

Angel investors from the energy, EV charging and vehicle lease sectors participated in the round, which was led by NorthInvest angel investor Gary Shuckford and supported by equity finance advisor, Mick Morris at Compellor.

Mina, which is now valued at £2m, was founded in December 2019 by Split the Bills founder Ashley Tate and former On the Beach product director Chris Dalrymple.

This latest investment round will support the startup’s growth plans, including moving to new premises in the Kelham Island area of Sheffield, and the recruitment of development and operational staff to further scale the business.

Chris Dalrymple, co-founder of Mina, commented: “We’re delighted to have secured such a strong vote of confidence from this experienced team of investors.

“Our new Angels bring with them knowledge and contacts across a range of relevant industries, putting us in a very strong position to build on the amazing work the Mina team have delivered so far. We’re incredibly excited about the future.”

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