Sheffield EV charger start-up Mina secures investment from NorthInvest

A Sheffield-based electric vehicle (EV) technology start-up has secured seed investment from angel investor platform NorthInvest in a deal which values the business at £2m.

Mina has developed EV charging software to support the management of electric vehicle fleets.

It was established in December 2019 by founders Ashley Tate, formerly founder of utilities management service Split the Bills, and Chris Dalrymple, former product director at On the Beach. Chief technology officer Andrew Gunn, who was previously head of build at Sheffield agency Razor, joined in July.

Private angel investors from backgrounds including energy, EV charging and vehicle lease sectors contributed to the round, which was led by NorthInvest angel investor Gary Shuckford and supported by Stuart Brown at NorthInvest and Mick Morris at equity finance advisory firm Compellor.

The investment will support Mina’ growth plans, including a move 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, said: “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.”

NorthInvest angel investor Professor Gary Shuckford added: “Mina shows great potential, it has a strong team uniquely positioned to fill a real need in the market. I’m proud to back such an ambitious team which will support the seamless transition to electric vehicles and a more sustainable future.”