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
Pitch rating powered by CROWDRATING™
Rated on 06/01/2021
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£8,278,975
pre-money valuation
10.52%
equity available
675
investors
£2,140
pledge per investor
09992443
company number
Liquidation
company status
08/02/2016
incorporated 8 years
Previous Funding rounds
20 Apr 24 | Seedrs | £1,444,182 / 144% | 69.67% |
News
Peer-to-peer service Karshare turns off ignition after funding runs out - Sky News
20/06/2023 Sky News
Karshare: Car rental firm runs out of cash, calls in administrators - City A.M.
20/06/2023 City A.M.
National car sharing platform, Karshare, ceases trading | TheBusinessDesk.com - The Business Desk
20/06/2023 The Business Desk
London-based Karshare secures €3.54 million to expand with its car sharing solution across the UK - EU-Startups
09/08/2021 EU-Startups
Saracens owner Nigel Wray leads £3M funding in UK's Airbnb of cars, Karshare - UKTN (UK Technology News
09/08/2021 UKTN (UK Technology News
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