About Envoy
Envoy is a company based in Los Angeles (United States) founded in 2016 by Ori Sagie and Aric Ohana was acquired by Blink Mobility in April 2023. It operates as a Mobility-as-a-Service, and Pay-per-Use / Usage-Based. Envoy has raised $11 million across 3 funding rounds from investors including Shell, Macquarie Group and California Energy Commission. Envoy offers products and services including Electric Car Sharing. Envoy operates in a competitive market with competitors including TIER, Kyte, Zipcar, VeoRide and Avis, among others.
- Headquarter Los Angeles, United States
- Founders Ori Sagie, Aric Ohana
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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 Envoy Technologies, 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
$11 M (USD)
in 3 rounds
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Latest Funding Round
$70 M (USD), Debt – Conventional
Nov 12, 2020
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Investors
Shell
& 8 more
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Employee Count
Employee Count
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Acquired by
Blink Mobility
(Apr 26, 2023)
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Products & Services of Envoy
Envoy offers a comprehensive portfolio of products and services, including Electric Car Sharing. 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.
Electric vehicles are provided for shared resident use.
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Funding Insights of Envoy
Envoy has successfully raised a total of $11M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $70 million completed in November 2020. 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 3
- Last Round Debt – Conventional — $70.0M
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First Round
First Round
(25 Sep 2017)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Debt – Conventional - Envoy | Valuation |
investors |
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| Nov, 2020 | Amount | Series A - Envoy | Valuation | Shell , Building Ventures | |
| Sep, 2017 | Amount | Grant - Envoy | Valuation |
investors |
| 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 Envoy
Envoy has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Shell, Macquarie Group and California Energy Commission. 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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Building Ventures is focused on investing in built environment innovations.
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Founded Year | Domain | Location | |
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Investments are directed by Goodyear Ventures into mobility technology sectors.
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Founded Year | Domain | Location | |
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Cleantech incubation, market transformation, and community enhancement in Los Angeles.
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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 Envoy
| 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 - Envoy
| 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 |
Envoy Comparisons
Competitors of Envoy
Envoy 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, Kyte, Zipcar, VeoRide and Avis, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric kick-scooters are rented through a mobile app platform.
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| domain | founded_year | HQ Location |
App-based car rental platform
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| domain | founded_year | HQ Location |
Hourly vehicle rentals are provided through membership-based car sharing.
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| domain | founded_year | HQ Location |
Multi-category electric vehicles are rented via an app-based platform.
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| domain | founded_year | HQ Location |
Online platform offering car rental services
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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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| 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 Envoy
Frequently Asked Questions about Envoy
When was Envoy founded?
Envoy was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Envoy located?
Envoy is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Envoy?
Aric Ohana is the current CEO of Envoy. They have also founded this company.
Is Envoy a funded company?
Envoy is a funded company, having raised a total of $11M across 3 funding rounds to date. The company's 1st funding round was a Grant of $1.5M, raised on Sep 25, 2017.
What does Envoy do?
Electric car sharing services are provided by Envoy as a sustainable mobility solution for properties. Residents and guests are given access to a fleet of electric vehicles through a dedicated app, with charging stations installed on-site. The service is managed comprehensively, including maintenance, insurance, and customer support, targeting apartment complexes, hotels, and workplaces. Urban living is enhanced by reducing parking issues and promoting eco-friendly transportation options.
What products or services does Envoy offer?
Envoy offers Electric Car Sharing.
Who are Envoy's investors?
Envoy has 9 investors. Key investors include Shell, Macquarie Group, California Energy Commission, Building Ventures, and Goodyear Ventures.
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