Madrid-based car sharing platform eccocar raises €495k

Mobility has become one of the main challenges of the 21st century. Having a personal vehicle is more expensive than ever, however most vehicles aren’t in use during 95% of their lifetime.

The Madrid-based carsharing platform eccocar offers fleet management services to car rental agencies, corporates, car dealers, public administrations, and communities. Unlike other existing platforms that are available in the market, eccocar allows the sharing of vehicles, thereby optimizing fleet size and reducing the number of vehicles used (and CO2 emissions).

Founded in 2015, eccocar has just raised €495k, which will be mainly used to implement its technology to boost the digitalization of the car rental sector. The round was led by investors from Valgine, CMC XXI and Pinama, with participation from Galician capital funds such as Xesgalicia, Vigo Activo, and various business angels.

With eccocar, users are able to manage the entire process of renting a car from their mobile phone, including op..

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