ELOOP extends financing round
Around a year after its last financing in the millions, the e-car sharing provider Eloop is now expanding the seed round by around another million euros. The Vienna mobility startup announced this recently in a press release.
“With our capital and know-how, we can continue intensively drive the growth and innovation course of such a successful Austrian start-up and support its vision of sustainability.”
said President of the European Super Angels Club, Berthold Baurek-Karlic.
Bitpanda founder on board as an investor
The seed extension is led by the European Super Angels Club and C&P Ventures. New for the first time is Bitpanda Founder and CTO Christian Trummer. According to Eloop, the seven-figure investment is intended to accelerate expansion into Germany and the further expansion of the Viennese e-fleet. The purely electric fleet has grown rapidly in the past year. It was not until July 2021 that the 100th Tesla Model 3 rolled onto the streets of Vienna. The fleet currently consists of around 200 Tesla Model 3.
BITPANDA CTO, Christian Trummer adds:
“I am an enthusiastic ELOOP user and token holder myself and see great potential for car sharing!”
Eloop Sales and Employee Growth
In order to implement the planned growth and enable expansion to Germany, the team is now to be expanded. According to the startup, this has already tripled in the past year. The startup also announced a new employee participation program for its now 30-strong team.
+1,500% sales compared to the previous year, further expansion in summer
The e-car sharing startup launched in Vienna in August 2019 has already generated sales of around three million euros in 2021 – this corresponds to a fifteenfold increase compared to the previous year. This growth path is now to be continued: With the investment, ELOOP wants to push ahead with the expansion to Munich and further expand the fleet in Vienna. In order to implement the planned growth, the team, which has already tripled in size over the past year, will be expanded. The team can look forward to a new participation program for employees in the future.
ELOOP CEO, Leroy Hofer adds:
“We are incredibly proud and grateful to have found so many visionaries who believe in ELOOP’s mission and work to make cities more liveable”.
World’s first blockchain-based car sharing
The in-house blockchain-based crypto token ELOOP ONE is also to be further developed and rolled out internationally. ELOOP ONE is the first security token worldwide that enables revenue sharing in a purely electric carsharing fleet. With this, ELOOP thinks the actual sharing approach even further. Since the first token sale in August 2020, the tokenized fleet has now been expanded from 4 to 21 Tesla Model 3 class electric vehicles. Only 10 percent of the 1,785,000 ELOOP ONE tokens are still available. In addition to the existing car sharing service and the token, the offer was recently expanded to include the “ELOOP Flat” subscription model.