Discussion
Here's a strange one..... an email I received a couple of days ago. Maybe a scam, maybe not, but either way I'm not tempted to 'invest'
Although It says I'm a customer, I've never had any dealings with Carwow.
Anyone else received similar?
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Hi #####,
I want you to be the first to know about some exciting news.
This is your chance to own a part of carwow! We've chosen Crowdcube, a crowdfunding platform previously used by other cutting-edge companies such as Monzo, to help us drive the future of car-changing.
You can register for early access so you can be first in when we go live on 7th November.
- ###, don't miss out!
We wouldn’t be where we are without customers like you, so we wanted to give you the opportunity to own a slice of carwow and help us make buying and selling cars even better for everyone.
Car changing is more than just a transaction; it's an experience that impacts millions of lives every year.
Our goal is to make it exciting, hassle-free, and enjoyable for everyone. With the backing of top VCs and big brands like Volvo and Mercedes-Benz, we're well on our way to achieving this.
By investing in carwow, you're not just buying shares; you're becoming a driving force in the automotive industry.
Register for early access and be among the first to access this unique investment opportunity.
Thank you,
John Veichmanis
CEO, carwow
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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Copyright © 2023 carwow Ltd, All rights reserved.
Helping you stay up to speed with the car buying experience, we hope you find our emails useful and informative. As a carwow user, you opted in to receive emails from us.
carwow Ltd, Verde Building, 10 Bressenden Pl, Victoria, London SW1E 5DH. carwow Ltd is registered in England with company number 07103079. carwow Ltd is authorized and regulated by the Financial Conduct Authority for credit broking and insurance distribution activities with the firm reference number: 767155. The firm is on the financial services register. carwow is a credit broker and not a lender.
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Seems to match up.
https://cardealermagazine.co.uk/publish/carwow-see...
Would't know how they have your email though.
https://cardealermagazine.co.uk/publish/carwow-see...
Would't know how they have your email though.
Seems strange that they need the relatively small investments of thousands of normal punters when they have institutional investors giving them hundreds of millions.
As a potential investor, do you get to see their accounts to make an informed choice? Do you get to see how the previous round of 'punter' investments have worked out? Are you at the bottom of the pecking order when it all goes titsup?
As a potential investor, do you get to see their accounts to make an informed choice? Do you get to see how the previous round of 'punter' investments have worked out? Are you at the bottom of the pecking order when it all goes titsup?
Carwow CEO John Veichmanis, pictured, said: ‘We want to crowdfund to help bring the full Carwow experience to more motorists in our current markets.
‘Car-changing is more than just a transaction – it’s something that millions of people experience every year.
‘One in every two people in our markets owns a car, and 20 million people change cars every single year.
‘There’s a huge opportunity for us to become the go-to destination for car-changing across all our markets.’
He added: ‘Right now, we know that for nearly one in two of us, buying or selling a car is an actively stressful process.
‘With a car market flooded with over 40 brands, 7,500 models and a multitude of fuel options and specifications, making a confident choice can feel very overwhelming.
‘Changing your car should be exciting, full of inspiration and anticipation. We want to drive total car confidence by making it easy and hassle-free for drivers but also for the amazing dealers and car brands we work with.
‘Our community is part of everything we do, so I’m thrilled to be able to offer another chance for ownership in Carwow, so we can make buying and selling cars even better for everyone.’
I'm out just from all the CEO guff and Carwow books £29.4m loss for 2022 despite revenues rising.
‘Car-changing is more than just a transaction – it’s something that millions of people experience every year.
‘One in every two people in our markets owns a car, and 20 million people change cars every single year.
‘There’s a huge opportunity for us to become the go-to destination for car-changing across all our markets.’
He added: ‘Right now, we know that for nearly one in two of us, buying or selling a car is an actively stressful process.
‘With a car market flooded with over 40 brands, 7,500 models and a multitude of fuel options and specifications, making a confident choice can feel very overwhelming.
‘Changing your car should be exciting, full of inspiration and anticipation. We want to drive total car confidence by making it easy and hassle-free for drivers but also for the amazing dealers and car brands we work with.
‘Our community is part of everything we do, so I’m thrilled to be able to offer another chance for ownership in Carwow, so we can make buying and selling cars even better for everyone.’
I'm out just from all the CEO guff and Carwow books £29.4m loss for 2022 despite revenues rising.
" Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong "
At least they are covering themselves from the start...
I agree, it does look like a 'unique' investment, however, it's likely to be unique as it will only happen one time before the business folds..
At least they are covering themselves from the start...
I agree, it does look like a 'unique' investment, however, it's likely to be unique as it will only happen one time before the business folds..
Exactly, the directors will take all the money out as bonuses and then close the business. They will be laughing at all the small investors who will be telling themselves "It's OK, it was money I could afford to lose"
They should have said "Some of our directors are forced to drive their children to private school in two year old Range Rovers, and their children are forced to use iPhone 14s." "Oh the humanity, please donate so these children no longer have to be in poverty and suffer the humiliation of being driven to school in such old cars"
They should have said "Some of our directors are forced to drive their children to private school in two year old Range Rovers, and their children are forced to use iPhone 14s." "Oh the humanity, please donate so these children no longer have to be in poverty and suffer the humiliation of being driven to school in such old cars"
Edited by anonymous-user on Wednesday 25th October 15:24
Jamescrs said:
Has a feel desperation and that the bigger investors have refused to fund them any further would be my thoughts.
Received the same email.Didn't read it all but there's no real need... resorting to this means they're bust within 6 months. They may be rescued/bought last minute, but they're going bust.
Edit: had the same thing from Farmison, the online butcher, and.... they went bust and were then resurrected
Beethree said:
I know nothing about investments so please educate me!
Why would anyone want to buy invest in a business which is far from a start up, that has £30m losses last year?
Is this just a cynical attempt by them to keep themselves afloat as long as possible with other peoples money?
That was my first thought....... Try the gullible public if all else fails?Why would anyone want to buy invest in a business which is far from a start up, that has £30m losses last year?
Is this just a cynical attempt by them to keep themselves afloat as long as possible with other peoples money?
Had the same, blocked and reported as spam. Irresponsible tapping up a huge mail list no doubt of oblivious consumers, can see it ending badly for a lot of people.
Interestingly the email I got it on was a secondary one, I must have used it to see their quotes years ago when they did that dealers competing for the best price sort of thing. No idea if that's what they do these days, it was completely useless when I tried it.
Interestingly the email I got it on was a secondary one, I must have used it to see their quotes years ago when they did that dealers competing for the best price sort of thing. No idea if that's what they do these days, it was completely useless when I tried it.
mmm-five said:
Just treat it as any other unsolicited investment scheme you get in your inbox.
...maybe report it to the ICO for misuse of your email address, as I'm sure you didn't opt-in to receiving offers of investment opportunities.
I thought they had tightened up the rules, esp around advertising investments on youtube etc but i guess not....maybe report it to the ICO for misuse of your email address, as I'm sure you didn't opt-in to receiving offers of investment opportunities.
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