What is Bipi?
Founded in 2017, Bipi operates within the burgeoning automotive technology sector, providing consumers with a streamlined car subscription service. This model aims to simplify the process of acquiring and maintaining a vehicle, differentiating itself from conventional purchasing or leasing options. The company's approach addresses a growing demand for flexible mobility solutions, positioning it as a key player in the evolving automotive landscape.
How much funding has Bipi raised?
Bipi has raised a total of $26.7M across 2 funding rounds:
Series A
$6.5M
Series B
$20.2M
Series A (2019): $6.5M with participation from Maniv, TA Ventures, IDC Joint Venture, and Kibo Ventures
Series B (2021): $20.2M led by Maniv, TA Ventures, Atresmedia, IDC Ventures, Adevinta Ventures, and Toyota AI Ventures
Key Investors in Bipi
Maniv
Maniv Mobility is a global early-stage venture capital fund focusing on technology startups that are digitizing and decarbonizing mobility and transportation, investing in innovative solutions for efficiency and sustainability.
TA Ventures
TA Ventures is a venture capital firm investing in ambitious early-stage technology startups across HealthTech, FinTech, and B2B Software, with an average ticket size of $500K to $5M.
Toyota AI Ventures
Toyota Ventures is the early-stage venture capital arm of Toyota, investing in frontier and climate technologies including AI, robotics, and mobility solutions.
What's next for Bipi?
The substantial enterprise-level funding Bipi has garnered, particularly the recent strategic investment, signals a strong confidence from its backers in the company's growth trajectory and market potential. This capital infusion is likely to fuel further expansion, potentially into new geographic markets, enhancement of its technological platform, and scaling of its operational capabilities. Bipi is poised to further solidify its position as a leader in the car subscription market, leveraging this financial momentum to innovate and capture greater market share.
See full Bipi company page
