# Karsharing SpA

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

- Industry: Transportation Services
- Headquarters: Santiago, Chile
- Website: www.awto.cl
- Total disclosed funding: $6M
- Latest round: Series A (Oct 15, 2021)
- Investors on record: 4

## About

Karsharing SpA is a vehicle rental company that provides flexible short-term car rentals, catering to urban mobility needs in Santiago, Chile, and beyond. It aims to alleviate transportation challenges in cities.Founded in 2016, Karsharing SpA operates primarily in Santiago, Chile, specializing in car rentals that address urban mobility demands. The company was established by Francisco Tampier, who has a background in the transportation sector. In October 2021, Karsharing SpA successfully raised USD 6.000 mn in a Series A funding round, supported by investors including Chile Ventures, Guil Mobility Ventures, Indumotora One S.A., and Zurich Chile Asset Management Administradora General de Fondos. This marked the company's first significant funding round, following its singular deal to date.Awto specializes in flexible vehicle rental services, offering short-term car rentals aimed at urban mobility. Customers can rent vehicles by the minute, providing convenient transportation access, particularly in urban environments. The company emphasizes intermodal transportation, allowing users to share vehicles to combat congestion, with operations currently in Santiago, Chile, and plans for expansion into Brazil. Awto serves a diverse clientele, ranging from individuals seeking quick transportation solutions to businesses requiring efficient mobility options.Awto generates revenue through transaction-based rentals, charging customers for the time they use the vehicles, typically on a per-minute basis. This user-centric model allows for easy access via a mobile app. The company focuses on both direct-to-consumer transactions and corporate clients, ensuring transparency in its pricing structure, with clear charges for vehicle rental time and additional services such as insurance.In October 2021, Karsharing SpA raised USD 6.000 mn in Series A funding to support its expansion plans into new markets, particularly targeting Brazil and Colombia. The recent funding will also strengthen its technology platform, enhancing service delivery and operational efficiency as the company continues to grow its presence in the Latin American car rental market.

## Funding rounds

- Series A, Oct 15, 2021, $6M — Chile Ventures, Zurich Chile Asset Management, Guil Mobility Ventures, Indumotora One S.A.

## Investors

- Chile Ventures (https://capitalatlas.ai/funds/chile-ventures) — Series A
- Zurich Chile Asset Management (https://capitalatlas.ai/funds/zurich-chile-asset-management) — Series A
- Guil Mobility Ventures (https://capitalatlas.ai/funds/guil-mobility-ventures) — Series A
- Indumotora One S.A. — Series A