# Envoy Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/envoy-technologies

- Industry: Transportation Services
- Headquarters: Culver City, US
- Website: www.envoythere.com
- Total disclosed funding: $11M
- Latest round: Series A (Nov 2, 2020)
- Investors on record: 6

## About

Envoy Technologies Inc. offers an innovative electric vehicle car-sharing service designed for residential and commercial properties, enhancing sustainable mobility options across urban and suburban markets in the United States.Founded in 2016 and headquartered in Culver City, US, Envoy Technologies Inc. specializes in electric vehicle car-sharing solutions. The company has successfully completed a total of 7 deals, with its most recent funding round occurring on May 25, 2023, through a TRADE SALE for USD 34.000 mn with Blink Charging Co. as the investor. The company was established by founders Aric Ohana, Koray Uygun, and Ori Sagie, with Aric Ohana serving as CEO.Envoy Electric Car Share provides a premium electric vehicle (EV) car-sharing service tailored for residential and commercial properties. The service features a fleet of fully electric vehicles stationed at designated parking spots with charging stations. Using the Envoy app, residents and guests can register easily and access these vehicles via a unique property code, functioning as a smart key for unlocking, starting, and driving. The service primarily targets property owners and managers, catering to luxury apartment complexes, commercial buildings, and eco-friendly communities across the United States.Envoy Electric Car Share operates under a revenue model based on monthly subscription fees from property owners for access to its fleet and services. These fees encompass the installation of charging infrastructure, vehicle maintenance, and customer support available seven days a week. Clients can enter a partnership for dedicated access to the fleet of electric vehicles, with pricing varying according to the number of vehicles and property size. Envoy's comprehensive fleet management enhances its appeal to property developers and managers focused on environmentally conscious offerings.Following its acquisition by Blink Charging Co. on May 25, 2023, for USD 34.000 mn, Envoy Technologies Inc. aims to leverage this partnership to bolster its position in the EV car-sharing market. The company’s strategic direction includes the introduction of new product offerings and potential expansions into additional urban and suburban areas, although specific markets and timelines have yet to be disclosed.

## Funding rounds

- Series A, Nov 2, 2020, $11M — The Goodyear Tire & Rubber Company, Shell Ventures, Denso, Building Ventures, GroundBreak Ventures, Los Angeles Cleantech Incubator

## Investors

- The Goodyear Tire & Rubber Company — Series A
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series A
- Denso — Series A
- Building Ventures (https://capitalatlas.ai/funds/building-ventures) — Series A
- GroundBreak Ventures (https://capitalatlas.ai/funds/groundbreak-ventures) — Series A
- Los Angeles Cleantech Incubator (https://capitalatlas.ai/funds/los-angeles-cleantech-incubator) — Series A