About FlightCar
FlightCar is a company based in Boston (United States) founded in 2011 by Kevin Petrovic and Shri Ganeshram. It operates as a Marketplace. FlightCar has raised $46.81 million across 7 funding rounds from investors including Tencent, Booking and GGV Capital. FlightCar operates in a competitive market with competitors including Turo, Getaround, EVmo, Wheelz.com and HiGear, among others.
- Headquarter Boston, United States
- Founders Kevin Petrovic, Shri Ganeshram
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.81 M (USD)
in 7 rounds
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Latest Funding Round
$20.72 M (USD), Series B
Oct 02, 2015
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Investors
Tencent
& 16 more
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Employee Count
Employee Count
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Funding Insights of FlightCar
FlightCar has successfully raised a total of $46.81M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $20.72 million completed in October 2015. 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 7
- Last Round Series B — $20.7M
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series B - FlightCar | Valuation | Tencent , Booking | |
| Sep, 2014 | Amount | Series A - FlightCar | Valuation | GGV Capital | |
| Apr, 2013 | Amount | Series A - FlightCar | Valuation | General Catalyst |
| 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 FlightCar
FlightCar has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, Booking and GGV Capital. 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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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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 FlightCar
| 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 - FlightCar
| 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 |
Flightcar Comparisons
Competitors of FlightCar
FlightCar 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 Turo, Getaround, EVmo, Wheelz.com and HiGear, 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 |
Peer-to-peer car rentals are facilitated via a mobile app.
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| domain | founded_year | HQ Location |
App-based peer-to-peer carsharing platform
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| domain | founded_year | HQ Location |
App-based car rental platform
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| domain | founded_year | HQ Location |
Vehicles are leased peer-to-peer on hourly or daily basis.
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| domain | founded_year | HQ Location |
Online P2P car rental aggregator
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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 Flightcar
Frequently Asked Questions about FlightCar
When was FlightCar founded?
FlightCar was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is FlightCar located?
FlightCar is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of FlightCar?
Rujul Zaparde is the current CEO of FlightCar.
Is FlightCar a funded company?
FlightCar is a funded company, having raised a total of $46.81M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Feb 01, 2012.
What does FlightCar do?
FlightCar, established in 2011, excels in providing transportation services, car rental, airport services, and vehicle sharing. Operates a marketplace for renting parked vehicles at airports. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Who are the top competitors of FlightCar?
Who are FlightCar's investors?
FlightCar has 17 investors. Key investors include Tencent, Booking, GGV Capital, General Catalyst, and First Round Capital.
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