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November 18, 2021

New Investment Opportunity – Ruex

by Oli Harris

RUEX is building a network of charging stations for electric vehicles in the Baltics and Scandinavia.

An Introduction to Ruex

RUEX is an energy company based in Estonia that was established in 2017. The company is building a charging network in the Baltics and Scandinavia with a focus on strategic locations near shopping malls, big residential dwelling blocks, parking places and in cooperation with well-known petrol station networks and other landowners.

The company started the development of its own network of charging stations three years ago, by first deploying seven public charging points by the Ibis Hotel of Tallinn, the Mustika centre and at the Rotermanni district.

To deploy its charging stations, the company co-operates with groups such as Olerex and Hesburger to use their space and deliver solutions to end-users.

We are raising from €500 000 to €1 000 000 to achieve the following goals:

Install 150-300 public charging stations
Get 50% market share in Estonia
Enter the Latvian, Lithuanian and Finnish charging markets

RUEX is embarking on a mission to increase the availability of electric charging stations for public use.

Why Ruex is raising capital on Funderbeam

We are raising from €500 000 to €1 000 000 to achieve the following goals:

Install 150-300 public charging stations
Get 50% market share in Estonia
Enter the Latvian, Lithuanian and Finnish charging markets

With the current funding round, the capital is planned to be deployed for 90% into 100-200 charging points and 10% into sales activities (marketing and labor costs).

Minimum size of the Funderbeam round: EUR 500 000

Click here to learn more about the Ruex Investment Opportunity

Capital at Risk.

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