What is SnappCar?
Established in 2011 and headquartered in Utrecht, the Netherlands, SnappCar is Europe's second-largest car-sharing platform. The company is driven by a mission to reduce car ownership by 5 million vehicles across Europe, thereby alleviating parking congestion and significantly cutting CO2 emissions. By 2018, SnappCar had amassed over 400,000 customers across the Netherlands, Germany, Denmark, and Sweden, facilitating the use of more than 45,000 vehicles through its user-friendly platform. The company operates with a clear vision of promoting sustainable and efficient mobility solutions.
How much funding has SnappCar raised?
SnappCar has raised a total of $15.5M across 3 funding rounds:
Angel/Seed
$1.1M
Series A
$3.2M
Private Equity
$11.2M
Angel/Seed (2015): $1.1M, investors not publicly disclosed
Series A (2015): $3.2M led by AutoBinck
Private Equity (2017): $11.2M supported by Founders, Europcar Group, and Autobinck Group
Key Investors in SnappCar
Founders
Founders Founders Founders is a company that focuses on investing in and building software companies. Their expertise lies in nurturing innovative software solutions and guiding emerging tech startups.
Europcar Group
Europcar Group is a major player in the European car rental market, offering a wide range of mobility solutions. Their investment in SnappCar suggests a strategic interest in the car-sharing and peer-to-peer rental space.
Autobinck Group
AutoBinck Group is an international, family-owned business focused on innovative mobility and sustainable energy solutions. Their investment in SnappCar highlights their commitment to forward-thinking transportation and shared economy models.
What's next for SnappCar?
With its substantial enterprise-level backing and a recent strategic investment, SnappCar is well-positioned for further expansion and innovation in the burgeoning car-sharing industry. This capital infusion is expected to fuel the company's efforts to scale its operations, enhance its technological infrastructure, and potentially explore new markets or service offerings. The focus on reducing car ownership aligns with global sustainability trends, suggesting a strategic direction towards becoming a leader in eco-friendly transportation solutions. Future developments will likely involve strengthening its market presence and continuing its mission to create more efficient urban environments.
See full SnappCar company page
