Electric vehicle network (EV Network) has raised its first seed capital from investment firm, EV Angels, aiming for increased electric car ownership accessibility.

According to the latest survey by KPMG, nearly 70% of Canadians who plan to buy a new vehicle within five years are likely to buy an electric vehicle.

Recognizing the mass market potential available pre-owned electric cars, EV Network has created a model around private consultations, test drives, and longer rental experiences—allowing consumers to try out a variety of models and earn credit towards the sale of an EV.

A recent study also shows that low-income households could see significantly higher savings than other income groups by replacing at least one vehicle with an EV.

This trend is only expected to increase over time.

Challenging purchase

“Electric cars often surprise customers by how easily they fall in love with them but buying your first electric car can prove to be more challenging than you might expect.”

“Nothing beats taking a fully electric model home to try it for several days while having a team of experts on hand who can answer all your unique questions,” says EV Network President, Darryl Croft.

After closing a first Seed Capital investment of $500,000 with EV Angels, EV Network is furthering its approach to mass EV adoption by implementing services such as a contactless 24/7 online renting and purchasing experience.

EV Network is also looking to expand its presence in Atlantic Canada by charging up its St. John’s, NL location.

Following the investment, both EV Angels’ partners Sean and Daniel Hart will join the EV Network Board of Directors to advise and accelerate the growth of the company.

“Daniel and I are excited to join the team at EV Network and help accelerate the transition to electric car ownership,” says Sean Hart, who will take on the role of V.P. Systems Development.