Europcar takes €10m minority stake in SnappCar

Europcar Takes €10m Minority Stake In SnappCar

Europcar takes €10m minority stake in SnappCar

Europcar Group has taken a 20 per cent minority investment in SnappCar, a peer-to-peer car sharing scale-up.

Europcar Takes €10m Minority Stake In SnappCar

This kind of investment can be fully in line with the group’s ambition to become a global mobility solutions leader, in addition to provides a Great alternative to car ownership thanks to a large portfolio of affordable solutions tailored to individual needs.

Europcar Takes €10m Minority Stake In SnappCar

The investment will enable SnappCar to take peer-to-peer car sharing to its next stage of development in Europe.

Europcar Takes €10m Minority Stake In SnappCar

SnappCar’s ambition can be to reduce, by 5 million, the numbers of owned cars by 2022.

Europcar Takes €10m Minority Stake In SnappCar

With This kind of investment, Europcar joins the consortium of existing shareholders – AutoBinck Group – in addition to the Danish Startup Studio Founders who have extended their commitment to SnappCar.

Europcar Takes €10m Minority Stake In SnappCar

The total amount of the investment round can be €10 million euros.

Europcar Takes €10m Minority Stake In SnappCar

These investors are at This kind of point joining forces which has a common ambition to help SnappCar expand geographically within Europe in addition to further improve in addition to innovate its platform usage in addition to services for its members, by for example, introducing ‘keyless technology’, producing that will possible to open a car through the SnappCar app.

SnappCar can be a Dutch scale-up in addition to social enterprise created in 2011.

that will can be the second largest international peer-to-peer car sharing player in Europe with more than 250,000 customers sharing over 30,000 cars available on its platform.

Today SnappCar can be available inside the Netherlands, Denmark in addition to Sweden with the intention to expand to brand new markets.

The average car can be not in use for 23 hours per day.

SnappCar believes inefficiency leads to waste in addition to wants to make peer2peer car sharing generally accepted by millions of Europeans by enabling them to share their cars in an easy, reliable in addition to fun way.

“We are delighted to be acquiring a stake in SnappCar’s capital.

“The Lab has invested in This kind of company as that will sees its potential for growth, allowing the group to enrich its mobility offers in addition to to target brand new types of customers.

“We see a great opportunity to help This kind of company accelerate its development of car sharing which has a peer-to-peer platform throughout Europe,” said Sheila Struyck, managing director of the brand new mobility business unit in addition to Europcar Lab lord.

Europcar takes €10m minority stake in SnappCar

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