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Newly Established Vehicle Rental Company Investment Opportunity in Washington, United States

Invest in a revolutionary clean-mobility company in shared mobility space seeking strategic investment for growth.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales USD 60 thousand
EBITDA Margin Nil
Industries Vehicle Rental
Locations  Washington
Local Time 3:28 AM America / Nipigon
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.5 million for 10.0% stake (Native Currency: USD 1,500,000)
Reason: Raising investment for growth and making company ready for series A. (i) Increase the fleet size to... View More
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Business Overview
We are a clean mobility service company with the simple premise of accelerating the decarbonization of our world. Its unique P2B business model, consisting of clean mobility, shared mobility, digital mobility, and crowdsourcing, helps create large-scale value for all stakeholders.
Current milestone:
1. Successful completion of pilot operations for 10 ICE-based cars in Boston. Pilot for EVs under progress.
Management team established with a diverse experience.
2. Current staff - 16 (Full-time and part-time) based in the USA and India.
3. 12 cars are running on GetAround and Turo in Boston through a co-hosting program. Addition of 10 to 15 cars in the pipeline.
4. Development of tech stack for fleet operations and booking app under progress.
5. Former North America sustainability lead and part of the North America leadership team at Accenture joined the board of advisors.
Team members.
1. Team member 1 - Retail & Wholesale Automotive operations, Private Equity & startup.
2. Team member 2 - 0 to 1, 1 to 10, 10 to 100 scale-up experience in starting and scaling multiple businesses. He served Fortune 500 clients at Deloitte. As head of Corporate Strategy, he doubled sales in a scaled fertilizer business to $1 billion in 3 years. He was PMO and Strategy lead for a $345 m pharmaceutical venture, and ex-founder of FreightBazaar, a mobility company. Introduced several industry/country/world-firsts.
3. Team member 3 - car rental university, managed own car fleet on CarShare/RideShare platforms.
4. Team member 4 - Successful eCommerce entrepreneur with a successful exit.
5. Team member 5 - 20+ years of experience in the cargo mobility space. managed transportation operations (inter-city and intra-city) and fleets of more than 400 trucks.
6. Advisor - 20+ years of supply chain and ESG experience. Ex- senior managing director of Accenture. Head of North America ESG.
Having built a strong foundation, we are looking to expand our operations. Therefore, we are now raising a seed round of funding for US$ 1.5 m from accredited investors to:
(i) Increase the fleet size to 500 EV cars.
(ii) Expansion - new geographies (5 cities), new channels.
(iii) Develop a technology platform for digital operations.
(iv) Develop and establish the crowdsourcing model for fleet supply.
Investing in our company presents a unique opportunity for several reasons:
1. We are a digital-first clean mobility company with a unique P2B business model focussed on the shared mobility segment.
2. There is a large addressable market with the best time to enter.
3. A strong and diverse team with relevant experience led by a CEO who has successfully built and scaled multiple businesses.
4. Lean, digital, and highly scalable business model with strong partnerships in the pipeline.
Products & Services Overview
Core Service - clean mobility as a service.
EV car rental for consumers through carsharing platforms.
Long-term EV car rentals for rideshare drivers.
Long-term EV car rentals for consumers through Enterprise channels (future)
Assets Overview
Intangible assets - A technology platform for fleet operations and bookings under development.
Facilities Overview
We do not own any real estate.
Capitalization Overview
Business is funded through bootstrap and friends and family ($400,000)
There are 4 co-founders.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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