When was Loveelectric founded?

Loveelectric was founded in 2021.

Where is Loveelectric located?

Loveelectric is headquartered in Edinburgh, United Kingdom. It is registered at 5 SOUTH CHARLOTTE STREET,EDINBURGH,MIDLOTHIAN,SCOTLAND,EH2 4AN.

How many employees does Loveelectric have?

As of Sep 30, 2026, the latest employee count at Loveelectric is 45.

Is Loveelectric a funded company?

Loveelectric is a funded company, having raised a total of $1.24M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Loveelectric?

Loveelectric's latest funding was a $***** Seed round on Jun 11, 2022, with participation from 5 investors. Its primary sector is Auto Retail & Aftersales. In United Kingdom, the Auto Retail & Aftersales sector has seen $37.1M in funding in 2026 to date.

Where does Loveelectric rank among its competitors?

Loveelectric ranks 1st amongst 9 active competitors, only 1 of which is funded., of which only Voltric is funded and secured an undisclosed amount in Oct, 2022.

Who are the top competitors of Loveelectric?

Loveelectric's top competitors include Voltric, elmo and WeVee. Among them, Voltric secured the most recent funding round in October, 2022.

Loveelectric - 2026 Company Profile, Funding & Competitors

Loveelectric is an acquired company based in Edinburgh (United Kingdom), founded in 2021. It operates as a Provider of salary sacrifice schemes for new and used vehicles. Loveelectric has raised $1.24M in funding. The company has 9 active competitors, including 1 funded and 2 that have exited. Its top competitors include companies like Voltric, elmo and WeVee.

Company Details

Provider of salary sacrifice schemes for new and used vehicles. These arrangements allow employees to lease electric cars through deductions from gross salary before tax and insurance contributions. The service includes vehicle maintenance, breakdown assistance, and insurance coverage within a single monthly payment structure. Employers manage the administrative aspects of the benefit while utilizing protection policies against early lease termination. The model facilitates corporate access to both new electric car models and pre-owned inventory.

Website: www.loveelectric.cars/
Email ID: *****@loveelectric.cars
Registered Address: 5 SOUTH CHARLOTTE STREET,EDINBURGH,MIDLOTHIAN,SCOTLAND,EH2 4AN

Key Metrics

Founded Year

2021

Location

Edinburgh, United Kingdom

Stage

Acquired

Total Funding

$1.24M in 2 rounds

Latest Funding Round

Seed, Jun 11, 2022, $*****

Investors

Scottish Enterprise & 7 more

Ranked

1^st among 9 active competitors

Employee Count

45 as on Sep 30, 2026

Similar Companies

Autonomy & 115 more

Exit Details

Acquired by Perkbox (Dec 11, 2025)

View Loveelectric's full profile

Loveelectric is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LOVE ELECTRIC FINANCIAL SERVICES LTD CIN: SC374952 , United Kingdom, Active	Mar 15, 2010	-	33 (As on Dec 31, 2024)

Loveelectric got acquired by Perkbox on Dec 11, 2025.

Click here to take a look at Loveelectric's acquisition in detail

Loveelectric has raised a total funding of $1.24M over 2 rounds. Its latest funding round was a Seed round on Jun 11, 2022 for $*****. 5 investors participated in its latest round. Loveelectric has 7 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Loveelectric:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 11, 2022	4517894	Seed	7213836	4500651	9769728	4972765

Access funding benchmarks and valuations. Sign up today!

View details of Loveelectric's funding rounds and investors

Loveelectric's employee count trend

Loveelectric has 45 employees as of Sep 26. Here is Loveelectric's employee count trend over the years:

Uncover Loveelectric's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Loveelectric include Voltric, elmo and WeVee. Here is the list of Top 10 competitors of Loveelectric, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Loveelectric 2021, Edinburgh (United Kingdom), Acquired	Provider of salary sacrifice schemes for new and used vehicles	$1.24M	Scottish Enterprise, Techstart Ventures & 6 others	51/100
2nd	Voltric 2019, Bristol (United Kingdom), Seed	Provider of subscription-based electric car rental services	-	Tech Nation, Development Bank of Wales & 1 others	33/100
3rd	elmo 2019, London (United Kingdom), Funding Raised	Electric vehicle subscription service	-	Tech Nation, Havisham Group	30/100
4th	WeVee 2019, London (United Kingdom), Deadpooled	Online platform offering electric car-leasing services	$14M	JamJar Investments	25/100
5th	DriveElectric 2015, Marlow (United Kingdom), Acquired	Provider of a platform to hire electric cars	-	-	26/100
6th	ElectricAuto 2019, Leeds (United Kingdom), Unfunded	Online leasing platform for EVs	-	-	24/100
7th	Openstart 2018, London (United Kingdom), Unfunded	Online-based platform for car-subscription	-	-	24/100
8th	Car Sloth 2021, Bristol (United Kingdom), Unfunded	Online car subscription platform	-	-	24/100
9th	Mycardirect 2020, Cambridgeshire (United Kingdom), Unfunded	Online car subscription platform for consumers	-	-	23/100
10th	EVision Electric Vehicles 2014, Rochester (United Kingdom), Unfunded	Provider of electric car rental services	-	-	22/100