Fractional CFO for electric vehicles companies
EV is one of the few venture-backed categories where finance has to run like an industrial business. BOM is the largest variable, supplier prepayments tie up working capital years before vehicles ship, capex per facility runs to hundreds of millions, and warranty, recall and grant accounting interact with every margin line. Free cash flow and accounting profit can sit a year apart.
After the SPAC reset, diligence has tightened in three places: gross margin per vehicle at planned volume, the working capital cycle from supplier deposit to customer payment, and the treatment of grants, tax credits and warranty reserves. CFO work here is building a model and monthly pack that hold up against all three.
Flow provides financial modelling, FP&A and fractional CFO advisory to electric vehicle companies across passenger and commercial EVs, battery cell and pack technology, charging infrastructure, powertrain and drivetrain components, and EV fleet operators. Our startup CFO work centres on capex and BOM modelling that reconciles the engineering view with the financial plan.
KPIs to track for "electric vehicles" startups
We're very 'KPI-driven' fractional CFOs, and we make sure to monitor the right metrics for your startup.
Vehicles delivered
Order book
Revenue per vehicle
Gross margin per vehicle
BOM cost per vehicle
Capex per facility
Production capacity
Warranty reserve %
Charging sessions
Energy delivered (kWh)
Inventory days
Cash burn
Financial modelling for "electric vehicles" startups
As fractional CFOs, we build KPI-driven financial models that are insightful and easy to maintain.
Financial modelling is both art and science - models must be robust, but also understandable, and useful for both internal planning and VC fundraising purposes. Hire a fractional CFO who knows how to handle both sides of the equation.
BOM and gross margin per vehicle
Bill of materials built from the engineering parts list, cell and pack cost, supplier quotes and inbound logistics, with gross margin per vehicle modelled at each volume break. Reconciles the engineering BOM with the financial plan investors actually price off.
Capex per facility and ramp
Tooling, line investment and battery facility capex phased against the production ramp with cost per installed annual unit benchmarked against precedent OEMs. Tells the board how much equity and debt the next plant actually consumes.
Working capital cycle
Supplier prepayments, raw-material lead times, finished-goods inventory and customer DSO laid out across the cash conversion cycle from cell purchase to vehicle delivery. Quantifies the cash trapped in every additional unit of run-rate.
Grants, IRA credits and tax incentives
Section 45X, EU CBAM and national EV grants modelled into revenue, COGS or below-the-line under defensible accounting treatment with milestone risk flagged. Stops grant-funded profitability from looking like underlying margin.
Warranty and recall reserves
Warranty, recall and field-action reserves built from battery degradation curves, claim rates and remaining vehicle life rather than a flat percent of revenue. Survives the audit committee and the actuarial review acquirers run during diligence.
Charging and energy revenue
Charging session volume, energy throughput, utilisation and margin per kWh modelled by site cohort with software and subscription revenue tracked separately. Surfaces where charging stops being a capex hole and starts being a P&L contributor.
Founders and investors we've worked with
We've supported winning builders across electric vehicles and beyond.
Onlogist
We acted as fractional CFO to Onlogist, a Hamburg-based online marketplace for last-mile vehicle transfer, providing confidential valuation guidance and operating model support.
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TBô
We acted as fractional CFO to TBô, a Zurich-based tech-enabled DTC male underwear brand, building a bottom-up financial / operating model with cohort-level KPIs and positioning the company for its next venture round.
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Marcura
We acted as fractional CFO to Dubai-based Marcura, owner of maritime payroll and B2B payments platform MarTrust, advising on the strategic e-Wallet vendor selection and supporting product/finance integration.
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Hector
We acted as fractional CFO to Hector Aurumi, a Dubai-based specialist software house with AI/ML, IoT and data science expertise, providing confidential valuation guidance to the management team.
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Bonart
We've worked as fractional CFO with Bonart, a Zurich-based independent Swiss strategic advisory and execution platform for PE and investor fundraising, providing long-term confidential valuation guidance.
See moreRecent fractional CFO track record
See our fractional CFO and financial modelling experience across electric vehicles and beyond.
Simple pricing
No hidden costs, no complicated long-term contracts. We understand how important flexibility is for electric vehicles startups.
Per month
- Accounting / FP&A tech stack implementation
- Monthly financial statements and reporting pack
- Quarterly board pack with detailed financial analysis (with variance analysis vs. budget, relevant KPI observations etc.)
- Investor-friendly output
Per month
- Everything in Core, plus
- Operating model (via an online platform like Runway or Excel-based)
- Ongoing model maintenance, refining projections, burn/runway management
- Customer cohorts modelling, churn and retention analysis
- LTV / CAC, unit economics analysis
- Cap table management
Per month
- Everything in Grow, plus
- M&A / fundraising support; review of business plan
- Pitch deck preparation
- Investor approach strategy / list building
- Due diligence support and deal negotiation
- Valuation as required and free access to Multiples Pro
Packages shown are illustrative, final pricing is tailored to client requirements.
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We know tech inside & out.
We provide fractional CFO services to companies operating across the entire tech.
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We help you scale by providing fractional CFO advice, through fundraising and a successful M&A exit.
VC fundraising for electric vehicles companies
We help you prepare materials, reach out to investors in our extensive network, negotiate fair term sheets and structure the VC round.
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We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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