What is Bipi?
Founded in 2017, Bipi offers a modern alternative to traditional car ownership by providing a flexible subscription service. This model allows consumers to access vehicles without the long-term commitments and complexities associated with purchasing a car. The company operates within the burgeoning mobility and automotive technology landscape, aiming to simplify vehicle access for a new generation of consumers who prioritize convenience and adaptability over outright ownership. Bipi's service addresses a growing demand for flexible transportation solutions in urban environments.
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 Kibo Ventures, TA Ventures, Maniv, and IDC Joint Venture
Series B (2021): $20.2M led by IDC Ventures, TA Ventures, Adevinta Ventures, Toyota AI Ventures, Maniv, and Atresmedia
Key Investors in Bipi
TA Ventures
TA Ventures is a venture capital firm that invests in ambitious early-stage technology startups across various sectors, including HealthTech, FinTech, and B2B Software. With an average ticket size ranging from $500K to $5M, they focus on pre-seed and seed investments.
Toyota AI Ventures
Toyota Ventures is the early-stage venture capital arm of Toyota, based in the San Francisco Bay Area. The firm invests in frontier and climate technologies, including artificial intelligence, robotics, mobility, renewable energy, and carbon neutrality solutions.
Maniv
Maniv Mobility is a global early-stage venture capital fund based in Israel and New York, focusing on technology startups that are digitizing and decarbonizing mobility and transportation.
What's next for Bipi?
The recent major strategic investment positions Bipi for accelerated expansion and further development of its subscription platform. With substantial backing, the company is poised to enhance its service offerings, potentially broaden its geographic reach, and invest in technology to optimize the customer experience. This infusion of capital suggests a strategic focus on scaling operations and solidifying its market leadership in the car subscription industry. Future growth will likely involve strengthening partnerships and adapting to evolving consumer preferences in the mobility market.
See full Bipi company page
