# Instacar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/instacar

- Industry: Transportation Services
- Headquarters: Maroussi, Greece
- Website: www.instacar.gr
- Latest round: Series A (Feb 20, 2023)
- Investors on record: 4

## About

Based in Greece and founded in 2018, Instacar provides flexible vehicle leasing services through an all-digital platform, focusing on the needs of individual consumers and businesses while promoting accessibility to electric vehicles.Instacar SA operates in the vehicle leasing sector, offering digital solutions for consumers and businesses. The company was founded in 2018 in Maroussi, Greece, by Antonis Zois. Instacar has secured venture funding including its most recent investment round on February 20, 2023, where it raised EUR 0.30 mn, co-led by Elikonos Capital and Autohellas, as part of a larger EUR 55 million Series A and debt funding round. To date, it has completed 3 deals, raising a total of EUR 0.30 mn.Instacar offers a wide range of flexible vehicle leasing services for individual consumers and businesses, emphasizing an all-digital acquisition process. The company provides monthly leasing options for new and nearly new vehicles, streamlining the experience without traditional bureaucratic hurdles. Their services include electric vehicle leasing through their DriveHome initiative and a proprietary fleet management tool that simplifies vehicle deliveries, returns, and exchanges. Instacar primarily targets the Greek market but aims to expand into new regions.Instacar reported a revenue of EUR 6,690,464.90 for the year 2022, with an EBITDA of EUR 1,426,460.10. The company operates on a subscription-based leasing model, catering to both individual consumers and corporate clients, facilitating transactions through its online platform that manages contracts and incident reporting effectively.Instacar plans to utilize recent funding from its February 2023 venture round to enter new markets and develop an app for auxiliary services related to vehicles and mobility. The company aims to enhance its presence beyond Greece, focusing on geographical expansion, while also working on upcoming product releases to improve service accessibility.

## Funding rounds

- Series A, Feb 20, 2023 — Olympia Capital Management, Elikonos Capital, Velocity.Partners, Autohellas

## Investors

- Olympia Capital Management — Series A
- Elikonos Capital (https://capitalatlas.ai/funds/elikonos-capital) — Series A
- Velocity.Partners (https://capitalatlas.ai/funds/velocity-partners) — Series A
- Autohellas — Series A