About Borrow
Borrow is a company based in West Hollywood (United States) founded in 2017 by Jon Alain Guzik and Rodrigo de Guzman.. Borrow has raised $100 thousand across 1 funding round from investors including URBAN-X. Borrow offers products and services including EV Subscription Service, Chevrolet Bolt EV Subscription, and Tesla Model S Subscription. Borrow operates in a competitive market with competitors including Autonomy, LMP Motors, Canoo, GO and FreshCar, among others.
- Headquarter West Hollywood, United States
- Founders Jon Alain Guzik, Rodrigo de Guzman
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Prazo Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 K (USD)
in 1 rounds
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Latest Funding Round
$100 K (USD), Seed
Dec 04, 2018
- Investors
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Employee Count
Employee Count
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Products & Services of Borrow
Borrow offers a comprehensive portfolio of products and services, including EV Subscription Service, Chevrolet Bolt EV Subscription, and Tesla Model S Subscription. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for short-term electric vehicle rentals and delivery.
Short-term access to electric cars with easy booking and charging solutions.
Flexible term subscriptions for premium electric vehicles targeting budget users.
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Funding Insights of Borrow
Borrow has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Seed round of $100 thousand completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $100,000
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First Round
First Round
(04 Dec 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2018 | Amount | Seed - Borrow | Valuation | URBAN-X |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Borrow
Borrow has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include URBAN-X. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Borrow
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Borrow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Borrow Comparisons
Competitors of Borrow
Borrow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Autonomy, LMP Motors, Canoo, GO and FreshCar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric car subscriptions are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Subscription-based car access is facilitated through an app-based marketplace.
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| domain | founded_year | HQ Location |
Multiple categories of electric vehicles are designed and developed.
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| domain | founded_year | HQ Location |
Cars are subscribed to and accessed via an online platform.
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| domain | founded_year | HQ Location |
Online car subscription platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Borrow
Frequently Asked Questions about Borrow
When was Borrow founded?
Borrow was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Borrow located?
Borrow is headquartered in West Hollywood, United States. It is registered at West Hollywood, California, United States.
Is Borrow a funded company?
Borrow is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Seed of $100K, raised on Dec 04, 2018.
What does Borrow do?
Borrow was founded in 2017 by Jon Alain Guzik and Rodrigo de Guzman in West Hollywood, United States. An online platform is operated in the automotive sector, enabling subscriptions to electric vehicles. Models such as Fiat 500e, BMW i3, and Tesla Model S can be selected and booked based on availability and pricing. Subscriptions encompass maintenance, charging credits, and unlimited mileage for users.
Who are the top competitors of Borrow?
Borrow's top competitors include Autonomy, Canoo and LMP Motors.
What products or services does Borrow offer?
Borrow offers EV Subscription Service, Chevrolet Bolt EV Subscription, and Tesla Model S Subscription.
Who are Borrow's investors?
Borrow has 1 investor. Key investors include URBAN-X.