# Smove

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

- Industry: Transportation Services
- Headquarters: Singapore, Singapore
- Website: www.smove.sg
- Total disclosed funding: $9.8M
- Latest round: Series A (Sep 25, 2019)
- Investors on record: 6

## About

Founded in 2011 by Joseph Ting, and Tom Lokenvitz, and based in Singapore, Smove Singapore Pte. Ltd. doing business as Smove, provides hourly car rental services through its mobile app. The firm owns over 400 cars for rental in over 110 locations across Singapore. In April 2017, Smoov raised a total capital of USD3.9 million over 5 rounds in Venture funding. In December 2020, Smoov was acquired by Drive Lah. The firm is in provisional liquidation as in May 2021. 

Smove provides mobile applications through which users can book cars on an hourly basis to enable consumers to rent cars instead of owning them thus saving space and money. The firm also offers a fleet of electric cars to rent from.

## Funding rounds

- Series A, Sep 25, 2019, $8.3M — Wavemaker Partners, 500 Global, Getaround, Inc., Rebright Partners, Elrond Ltd, Marsh Bellofram Europe
- Seed, May 4, 2018, $0.5M — Wavemaker Partners
- Seed, Sep 5, 2014, $1.1M — Wavemaker Partners, 500 Global, Rebright Partners

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Seed, Series A
- Getaround, Inc. — Series A
- Elrond Ltd — Series A
- Marsh Bellofram Europe — Series A