# Eccocar Sharing S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eccocar-sharing-s-l

- Industry: Internet
- Headquarters: Madrid, Spain
- Website: www.eccocar.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Nov 29, 2022)
- Investors on record: 7

## About

Eccocar Sharing S.L. specializes in providing innovative digital solutions for the car rental industry, enhancing customer experiences through advanced technology and streamlined services.Founded in 2015 in Madrid, Spain, Eccocar Sharing S.L. offers a modern approach to car rentals. The company has not undergone significant pivots or structural changes. It was co-founded by Iván Gayo and José Granizo, with Iván Gayo currently serving as CEO. Eccocar has successfully completed 2 funding deals, with the most recent being a Series A round in November 2022, raising EUR 1.84 million from investors including Amadeus Ventures and Ninepointfive. The total amount raised to date stands at EUR 1.84 million, with a current company valuation of EUR 4.01 million.Eccocar Sharing S.L. offers a comprehensive white-label solution called the Virtual Counter, aimed at transforming the car rental experience. This solution integrates traditional rental services with advanced digital features, such as online check-in, keyless vehicle access, and contactless service options, designed to enhance operational efficiency and customer satisfaction. The Virtual Counter caters primarily to car rental businesses across various markets, enabling flexible service delivery without the need for physical office locations, thus facilitating 24/7 operations and services like vehicle delivery and airport pickups.In the most recent fiscal year, Eccocar Sharing S.L. generated revenue of EUR 455,847.90 with an EBITDA of EUR -812,505.90. The company's revenue model is based on a combination of subscriptions and service partnerships, primarily serving rental agencies that utilize the Virtual Counter to enhance their offerings. This model is structured to provide transparency in pricing, aligning with the company's customer satisfaction goals and enabling recurring revenue streams through various service levels.Following its recent funding round on November 29, 2022, where Eccocar Sharing S.L. raised EUR 1.84 million, the company plans to leverage these funds to expand its offerings beyond car rental and pre-arranged transfers across its global platforms. This initiative is aimed at enhancing mobility content and reaching new markets. The specific regions targeted for expansion have not been disclosed, but the company is poised to grow its service capabilities significantly.

## Funding rounds

- Series A, Nov 29, 2022, $1.9M — Amadeus Ventures, Ninepointfive
- Seed, Apr 4, 2019, $0.6M — Xesgalicia, Vigo Activo, Pinama Inversiones, Grupo Valgine, CMC XXI

## Investors

- Xesgalicia (https://capitalatlas.ai/funds/xesgalicia) — Seed
- Vigo Activo (https://capitalatlas.ai/funds/vigo-activo) — Seed
- Pinama Inversiones (https://capitalatlas.ai/funds/pinama-inversiones) — Seed
- Grupo Valgine — Seed
- CMC XXI — Seed
- Amadeus Ventures (https://capitalatlas.ai/funds/amadeus-ventures) — Series A
- Ninepointfive (https://capitalatlas.ai/funds/ninepointfive) — Series A