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Pod Point

Powering a greener world

We meet Erik Fairbairn, CEO and Founder of Pod Point, to hear more about his ambition to help stop climate change.

Find out how we could support your business.

Pod Point employees

 

Umm...

 

Errr...

 

Ha, ha! I don't even know.

 

Uhh..

 

Has everyone been asked this question?

 

Like a buzzing sound, I guess?

 

Like a bee?

 

Vvvhhhhhhhh....

 

That sort of thing.

 

The sound of electricity?

 

We'll, take a moment to just hear that.

 

[Silence]

 

I think we have it.

 

Erik Fairbairn, CEO & Founder, Pod Point

I had a vision. I saw that internal combustion engine cars were having a negative effect on the planet.

 

Travel shouldn't damage the earth and Pod Point was my vehicle to create that vision.

 

Most people thought that we were completely nuts. Why on earth would I get rid of my internal combustion engine vehicle for an electric one? I just genuinely believed in it, and when you believe in something you know, that can take you a long way. So the amount of charging infrastructure we've got to build to enable a mass adoption of electric vehicles is immense. It’s simultaneously frightening and the most inspiring part of what we do. We've banked with Barclays since we founded the business in 2009 so they've been with us the entire journey and I guess the venture debt product that we've started using recently is a great example of Barclays coming to us and saying, "We've seen the kind of business and we've seen some of the challenges you've got, perhaps this product would be of use to you".

 

Venture debt is a fairly innovative solution in the bank market, it allows companies like Pod Point that are disruptive and fast growing access to bank debt at an earlier stage than might otherwise be available. So fast growing companies like Pod Point historically would have found it difficult to access finance because they are loss-making because they are investing a lot of money in research and development, new technology and marketing.

 

So venture debt to me is a very innovative product, I can go and raise some money in the traditional sense but then Barclays will come along and just help me make a little bit more of that.

 

Dominic McCarthy, Relationhsip Director, Barclays

The technology and media and telecoms team at Barclays brings a range of industry expertise to our clients like Pod Point. All of our Relationship Directors have an in depth knowledge of the sector which we can bring to our client relationships.

 

Erik Fairbairn

They've really started to understand our business, even to the extent of spending whole days in the business understanding what we do.

 

You know, they've become part of the team. So I think the biggest thing I look for in people that work for Pod Point is that I really want passionate, creative people.

 

The culture here is amazing

 

Pod Point employees

 

Quirky, Collaborative

 

It's fun.

 

It's great to be part of Silicon Roundabout because you are surrounded by loads of innovative tech companies.

 

It’s lively in the office; certainly it's full of dogs.

 

Erik Fairbairn

 

A few of the teams have said "we have got dogs, can we bring them?"

 

Who am I to say no?

 

Dominic McCarthy

 

I'd love to have a dog in the office at Barclays. It's not going to happen.

 

(Whimpers)

 

Erik Fairbairn

 

I dream of a world where all transport doesn't use any fossil fuels so we can drive around completely guilt free we don't have to worry about what's coming out of the tail pipe of our car. It's a silent revolution. Shhhh!!

Armed with a vision that travel shouldn’t damage the earth, Pod Point is the UK’s leading provider of electric vehicle charging.

Pod Point has banked with Barclays since inception in 2009 and has subsequently achieved phenomenal growth.

Pre-empting the milestones that a fast growth company like Pod Point will encounter, Barclays has provided relevant products at each stage of the journey.

They’ve been with us the entire journey.

Erik Fairbairn

CEO and Founder, Pod Point

Our venture debt offering – enabled by our innovation finance product which is partly guaranteed by the European Investment Fund (the loan was supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments) – allowed Pod Point to gain early access to capital so it could focus on developing its business.

By getting under the bonnet of Pod Point, we’ve helped provide the energy to power its continued growth.

Barclays are keen to support businesses looking to benefit the environment. For more information, please see our Green Loan product offering.

The loan was supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.  

European Commission
European Investment Fund
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