UBCO

A digitally connected UEV platform that includes on and off-road transport (2×2), portable power, accessories, and subscription software.
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UBCO is an EA Fund 2 portfolio company and has received strong support from Enterprise Angels Members since our initial investment in 2016. UBCO was founded on the idea of a Utility Electric Vehicle (UEV) that would transform the way people ride, work and play.  

UBCO has rapidly developed into a digitally connected UEV platform. UBCO’s platform includes on and off-road transport (2×2), portable power, accessories, and subscription software. It provides a complete solution, from an individual user to a fleet manager across a wide range of applications.

New Zealand Defense Force confirmed UBCO’s entry into a Defense Force Programme in 2020 with an $85,000 order for vehicles, batteries, and accessories, that saw the 2X2 Utility Bike enter military service across Army, Navy and Airforce for a wide range of uses. Approval post this trial will also mean entry into the NATO database. UBCO is also working with Domino’s Pizza – check out this article.

In June 2021 Enterprise Angels investors contributed to UBCO raising $10mUSD  to scale production, bolster supply chain capabilities and develop next generation products. This enables UBCO to fulfil ever increasing demand from US and European markets and expand its vehicle platform from two to four wheels, with a view to securing a leadership position in the utility EV (UEV) category.

REGION – Bay of Plenty

INDUSTRY – Technology

STAGE – Expansion

INITIAL INVESTMENT DATE – July 2016

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We welcome engagement from anyone interested or involved in the early stage investment market – Investors, Angel Members, Strategic or Corporate Partners, Founders, Incubators or Accelerators, Deal Referrers, Acquisition Partners etc.