A UK all-electric car-sharing company has been sold to car rental firm Europcar Group.
It is the world’s first successful exit by crowdfunding investors.
The 63 Crowdcube investors enjoyed a multiple return on their £100,000 total investment in E-Car Club.
The company was started by social entrepreneurs Chris Morris and Andrew Wordsworth in 2011.
It was backed by the UK’s innovation agency, Innovate UK.
The owners operated the pay-per-use electric car clubs through partners such as universities, local authorities and housing associations.
The clubs are located across 19 locations in the UK, including London, Hertfordshire and Fife.
The E-Car fleet includes the Nissan LEAF and Renault ZOE.