4 years ago

Karshare Secures £3 Million in Pre-Series A Funding to Expand Car-Sharing Platform

  • Karshare, a London-based community car-sharing app, has raised £3 million in Pre-Series A funding from existing investors Fullbrook Thorpe, Adjuvo Syndicate, and Saracens Football Rugby Club owner Nigel Wray, as well as other angel investors

  • The company intends to use the funds to expand in existing locations such as Bristol, Manchester, Coventry and London and launch in Birmingham, Leeds, Edinburgh and other rural communities

  • The funds will also be used to hire talent for its team.

      • ProblemTechnology

      "There's a lack of car-sharing options in communities, causing inconvenience and high costs for individuals"

      Solution

      "Karshare provides a community car-sharing app that enables people to rent their cars to others in their community, offering keyless technology for instant access and fully insured vehicles with breakdown cover"

      Covered on