About FreshCar
FreshCar is a company based in Detroit (United States) founded in 2016 by Azarias Reda.. FreshCar has raised $120 thousand across 2 funding rounds from investors including Kyyba Innovations. FreshCar operates in a competitive market with competitors including Autonomy, Canoo, LMP Motors, GO and Borrow, among others.
- Headquarter Detroit, United States
- Founders Azarias Reda
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 K (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Funding Insights of FreshCar
FreshCar has successfully raised a total of $120K across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series A - FreshCar | Valuation | Kyyba Innovations |
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| Jun, 2017 | Amount | Seed - FreshCar | Valuation |
investors |
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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 FreshCar
FreshCar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Kyyba Innovations. 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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VC firm focused on tech startups
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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 FreshCar
| 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 - FreshCar
| 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 |
Freshcar Comparisons
Competitors of FreshCar
FreshCar 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, Canoo, LMP Motors, GO and Borrow, 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 car subscriptions are facilitated via an app-based platform.
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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 |
Subscription-based car access is facilitated through an app-based marketplace.
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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 |
Electric vehicle subscriptions are offered through an online 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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Frequently Asked Questions about FreshCar
When was FreshCar founded?
FreshCar was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is FreshCar located?
FreshCar is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Who is the current CEO of FreshCar?
Azarias Reda is the current CEO of FreshCar. They have also founded this company.
Is FreshCar a funded company?
FreshCar is a funded company, having raised a total of $120K across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jun 01, 2017.
What does FreshCar do?
Online car subscription platform. It provides a vehicle subscription that covers cars with insurance, maintenance month-to-month flexibility. Their features include mileage-based billing, security, usage restriction enforcement, operationslogistics dashboard, predictive maintenance, multi-dealer support more.
Who are the top competitors of FreshCar?
FreshCar's top competitors include Autonomy, Canoo and LMP Motors.
Who are FreshCar's investors?
FreshCar has 1 investor. Key investors include Kyyba Innovations.