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Status: Extended

Dec 8th 2020 - Jan 19th 2021

Karshare connects renters with owners, giving those with cars the opportunity to earn extra income while those in need of a car can rent from their local community. The company aims to unlock community car sharing by tapping into the estimated 10 million cars parked at UK airports each year and 38 million vehicles parked on UK streets. Karshare's platform features telematics and keyless technology allowing for cars to be booked instantly and unlocked using facial recognition. Karshare has a TrustScore of 4.9/5 and 852 reviews. It has onboarded partners such as Allianz Insurance, OCTO Telematics, Rentalcars.com, and RAC. Karshare has featured in press publications like The Times, Huff Post, BBC and Evening Standard amongst others. The company will use 25% of the investment for business operations, 45% for growing the business, and 31% for developing User Experience (UX) and functionality.

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Karshare Rating Review

Rated on 06/01/2021

Pitch Rated

70%

overall

Management

77%

Product

79%

Investment

53%

Pitch rating powered by CROWDRATING

  • £1,444,182
    pledged
  • 144%
    of goal

    £1,000,002
    target

    £8,278,975
    pre-money valuation

    10.52%
    equity available

    675
    investors

    £2,140
    pledge per investor

    09992443
    company number

    Active
    company status

    08/02/2016
    incorporated 5 years

    Previous Funding rounds
    08 Dec 20 Seedrs £1,444,182 / 144% 69.67%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
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Management 77%

Skills 73%
The management team at Karshare includes skilled professionals with expertise in management, technology, marketing, and finance. It consists of an experienced Founder/CEO, Chief Technical Officer, Chief Brand Officer, Head of Product and UX, and a Mobility & Partnerships Director. The Founder/CEO is a senior executive with expertise in business strategy, travel management, account management, and event management. He also has prior experience of working at the same stage of business growth. The Chief Technical Officer specialises in program management, data warehousing, Microsoft SQL server, and process automation. The Chief Brand Officer is competent in corporate communications, search engine optimisation (SEO), search engine marketing (SEM), and data analytics. The Head of Product and UX is skilled in user interface design, web design, information architecture, and agile methodologies. The Mobility and Partnerships Director is competent in business strategy, new business development, business process improvement, and operations management.

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Funding progress



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Pitch Rated

72%

Overall

rating powered by

CROWD RATING™

pledged: 0% days to go: Extended investment: Withheld

  • £1,444,182
    pledged
  • 144%
    of goal

    £1,000,002
    target

    £8,278,975
    pre-money valuation

    10.52%
    equity available

    675
    investors

    £2,140
    pledge per investor

    09992443
    company number

    Active
    company status

    08/02/2016
    incorporated 5 years

    Previous Funding rounds
    08 Dec 20 Seedrs £1,444,182 / 144% 69.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • The Times
  • The Daily Telegraph