# MyTripCar

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

- Industry: Internet
- Headquarters: Alicante, Spain
- Website: www.mytripcar.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Feb 14, 2017)
- Investors on record: 1

## About

MyTripCar is an online platform dedicated to facilitating vehicle rental services, providing users with a seamless booking experience for a diverse range of vehicles.Founded in 2014 in Alicante, Spain, MyTripCar specializes in vehicle rentals, offering a user-friendly booking system. The company has completed a total of 3 deals, with the latest funding round being a Seed round amounting to EUR 1.2 mn led by Segittur on February 14, 2017. MyTripCar has not undergone any notable pivots or changes in its business model since inception.MyTripCar specializes in providing a comprehensive online platform designed to facilitate vehicle rental services. The company's core product offerings include a user-friendly booking system that allows end users to rent a variety of vehicles, from economy cars to luxury options, tailored to meet diverse transportation needs. These services are designed to simplify the car rental process, addressing common pain points such as availability, pricing transparency, and ease of use. Targeting both leisure travelers and business professionals, MyTripCar serves a broad customer base across multiple geographical markets, including North America, Europe, and parts of Asia. The platform enhances user experience by providing real-time availability and competitive pricing, ensuring that customers can make informed choices quickly and efficiently.In the year 2018, MyTripCar reported a revenue of EUR 87,504.4 and an EBITDA of EUR -182,695.3. The revenue model is primarily based on transaction fees associated with vehicle rentals, generated through direct bookings made by customers on their platform. The company structures its transactions to include both B2C and potential B2B elements, where businesses may partner with MyTripCar for corporate rental agreements. Customers typically engage with the site to book rentals, paying a set fee that includes various options such as insurance coverage and additional services. This strategic pricing approach supports customer retention and repeat business, fostering a robust revenue stream for the firm.Following the Seed funding round in February 2017, MyTripCar plans to utilize the EUR 1.2 mn raised to enhance its platform and expand its product offerings. The company is poised to launch new features aimed at improving customer experience, although specific release dates have not been disclosed. In addition, MyTripCar is targeting expansion into new geographical markets, particularly aiming to increase its presence in Asia and North America by 2025.

## Funding rounds

- Seed, Feb 14, 2017, $1.3M — Segittur

## Investors

- Segittur (https://capitalatlas.ai/funds/segittur) — Seed