Voom Ride EIS investment approval is now official. Under the UK government’s Enterprise Investment Scheme (EIS), this milestone offers investors a smart way to support urban mobility while benefiting from valuable tax reliefs.
What is the Enterprise Investment Scheme (EIS)?
Established in 1994, the EIS is a UK government initiative designed to encourage investment in early-stage, high-potential companies. By offering a range of tax reliefs, the scheme aims to offset some of the risks associated with investing in smaller businesses, thereby fostering innovation and economic growth.
Key Benefits for Investors:
- 30% Income Tax Relief: Investors can claim income tax relief equal to 30% of the amount invested in EIS-qualifying companies, up to a maximum of £1 million per tax year. This limit increases to £2 million if at least £1 million is invested in knowledge-intensive companies (KICs) .
- Capital Gains Tax Deferral: If you have realized a capital gain from the disposal of any asset, you can defer the CGT by reinvesting the gain into EIS-eligible shares. The deferred gain becomes chargeable when the EIS shares are disposed of or if certain other events occur .
- Tax-Free Growth: Gains realized on the disposal of EIS shares are exempt from CGT if the shares have been held for at least three years and income tax relief was claimed on them .
- Loss Relief: If EIS shares are disposed of at a loss, you can offset the loss (net of any income tax relief already claimed) against your income or capital gains in the same or previous tax year .
- Inheritance Tax Relief: EIS shares may qualify for 100% IHT relief if they have been held for at least two years and are still held at the time of death, as they are considered business property .
A Hypothetical EIS Investment Timeline
Let’s take a closer look at how a Voom Ride (EIS) investment might work in practice:
- An initial investment of £20,000 is made into EIS-eligible Voom Ride shares.
- The investor claims 30% income tax relief, reducing their tax bill by £6,000.
- A year later, they sell a property and reinvest £30,000 of the capital gain into additional Voom Ride shares — deferring the Capital Gains Tax (CGT) on that profit.
- After holding the shares for three years, the value of the investment grows by 60%. The £32,000 gain is completely tax-free thanks to EIS rules.
- If the investment had decreased in value instead, loss relief would allow the investor to offset the loss against their income or capital gains, significantly reducing the financial impact.
This example illustrates how EIS not only supports innovative businesses like Voom Ride, but also offers meaningful protections and rewards for those willing to back early-stage growth with purpose.
Why the Voom Ride EIS Investment Is a Smart Investment Opportunity
At Voom Ride, we’re not just another transport startup. We’re building a unified mobility platform that combines the best of ride-hailing, traditional taxi services, and private hire—all under one brand, powered by local expertise and sustainable growth.
Our Unique Approach:
- Acquisition-Led Growth: Instead of burning capital on flashy marketing campaigns, Voom Ride focuses on strategic acquisitions to consolidate fragmented taxi services across East London and Essex. This allows us to rapidly scale while preserving local jobs, knowledge, and infrastructure.
- Community-Driven Expansion: We prioritize long-term sustainability over short-term hype. Our model supports local economies, reduces emissions through smarter routing, and integrates seamlessly with existing transport ecosystems.
- Lean Operations: Unlike many startups, Voom Ride doesn’t chase growth at any cost. We focus on profitability and operational efficiency, ensuring that every pound invested delivers real value.
Why EIS Helps More Than Just Investors
EIS isn’t just about individual returns — it’s a policy designed to stimulate meaningful economic growth. When people invest in companies like Voom Ride:
- We can grow without waste: Instead of relying on huge marketing budgets or raising venture capital that demands unrealistic growth, we can scale sensibly — while staying committed to our roots in East London and Essex.
- We keep jobs local: Our acquisition-led model preserves and strengthens existing taxi infrastructure, helping small operators and drivers benefit from tech upgrades without being priced out.
- We cut emissions: Smarter dispatching and routing mean fewer empty cars on the road and more efficient rides — helping lower local pollution.
- We support underserved areas: Rather than focusing only on the city centre, Voom Ride brings transport solutions to boroughs often left out by global ride-hailing giants.
When you invest in Voom Ride, you’re investing in a stronger local economy, greener cities, and fairer mobility.
Join Us on the Journey
With EIS approval, investing in Voom Ride is now more accessible and rewarding than ever. You’ll be supporting a company that’s redefining urban mobility—while benefiting from significant tax reliefs.
Ready to be part of the future of smart, sustainable transport?
Contact us to learn more about investment opportunities.