About Co Wheels Car Club
Co Wheels Car Club is a company based in Durham (United Kingdom) founded in 2008.. Co Wheels Car Club offers products and services including Co Wheels App. Co Wheels Car Club operates in a competitive market with competitors including TIER, GoVirtuo, Nexus Vehicle Rental, Nationwide Hire and Streetcar, among others.
- Headquarter Durham, United Kingdom
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Sectors
Transportation, Automotive & LogisticsTravel & Hospitality
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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 Co-Wheels Car Club Community Interest Company
- Date of Incorporation 25 Feb, 2008
- Jurisdiction NEWCASTLE UPON TYNE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$506.38 K (USD), Grant
Feb 01, 2016
- Investors
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Employee Count
Employee Count
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Acquired by
(Apr 16, 2019)
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Products & Services of Co Wheels Car Club
Co Wheels Car Club offers a comprehensive portfolio of products and services, including Co Wheels App. 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.
App for booking and accessing shared vehicles on-demand
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Partnerships Team
1 people
Leadership Team
1 people
Software Development Team
1 people
Sales and Marketing
1 people
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Funding Insights of Co Wheels Car Club
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $506,376
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First Round
First Round
(01 Feb 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2016 | Amount | Grant - Co Wheels Car Club | Valuation |
investors |
| 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 |
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Investors in Co Wheels Car Club
Co Wheels Car Club has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Co Wheels Car Club
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Co Wheels Car Club
| 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 |
Co Wheels Car Club Comparisons
Competitors of Co Wheels Car Club
Co Wheels Car Club 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 TIER, GoVirtuo, Nexus Vehicle Rental, Nationwide Hire and Streetcar, 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.
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Vehicle rentals and aftersales services are offered in the UK.
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B2C car rental company
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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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 Co Wheels Car Club
Frequently Asked Questions about Co Wheels Car Club
When was Co Wheels Car Club founded?
Co Wheels Car Club was founded in 2008 and raised its 1st funding round 8 years after it was founded.
Where is Co Wheels Car Club located?
Co Wheels Car Club is headquartered in Durham, United Kingdom.
What does Co Wheels Car Club do?
Co-Wheels Car Club was established in 2008 as a nonprofit in the car rental sector. Operations are centered in Durham, United Kingdom, with services extending across the country. Low-emission, hybrid, and electric vehicles are made available for organizations and communities on a pay-as-you-go model through an online platform. Profits are reinvested to support service expansion and enhancements.
Who are the top competitors of Co Wheels Car Club?
Co Wheels Car Club's top competitors include TIER, GoVirtuo and Nexus Vehicle Rental.
What products or services does Co Wheels Car Club offer?
Co Wheels Car Club offers Co Wheels App.
Who are Co Wheels Car Club's investors?
Co Wheels Car Club has 1 investor. Key investors include European Union.
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