About HeyCar
HeyCar is a company based in Berlin (Germany) founded in 2017 was acquired by Renault Group in September 2021.. HeyCar operates in a competitive market with competitors including Copart, Carwow, AUTO1.com, InstaMotion and AutoDa, among others.
- Headquarter Berlin, Germany
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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
*********
- Legal Name Mobility Trader Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Mercedes-Benz
& 4 more
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Employee Count
Employee Count
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Acquired by
Renault Group
(Sep 14, 2021)
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Funding Insights of HeyCar
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Seed - HeyCar | Valuation |
investors |
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| Feb, 2020 | Amount | Seed - HeyCar | Valuation | Volkswagen Group |
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| Sep, 2018 | Amount | Seed - HeyCar | Valuation | Mercedes-Benz |
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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 HeyCar
HeyCar has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Mercedes-Benz, Volkswagen Group and Renault Group. 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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Startups are funded via venture capital by Allianz-backed Allianz X.
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Founded Year | Domain | Location | |
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Passenger and commercial vehicles are manufactured globally by Volkswagen Group.
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Founded Year | Domain | Location | |
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Mercedes-Benz is recognized for manufacturing luxury and electric vehicles.
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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 HeyCar
| 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 - HeyCar
| 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 |
Heycar Comparisons
Competitors of HeyCar
HeyCar 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 Copart, Carwow, AUTO1.com, InstaMotion and AutoDa, 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 |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Online marketplace to buy new cars
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| domain | founded_year | HQ Location |
AUTO1.com is recognized as Europe’s largest wholesale platform for used cars.
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| domain | founded_year | HQ Location |
Online B2C marketplace for buying & selling pre-owned cars
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| domain | founded_year | HQ Location |
Online platform for used car sales in Germany
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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 Heycar
Frequently Asked Questions about HeyCar
When was HeyCar founded?
HeyCar was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is HeyCar located?
HeyCar is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
What does HeyCar do?
HeyCar was founded in 2017 in Berlin, Germany, as an online B2C platform in the used car sector. Vehicles are listed by dealers, allowing buyers to browse and filter options by type, make, model, budget, year, mileage, fuel type, and other criteria. The platform operates through dedicated apps for iOS and Android devices, facilitating direct connections between sellers and purchasers in the automotive market.
Who are the top competitors of HeyCar?
Who are HeyCar's investors?
HeyCar has 5 investors. Key investors include Mercedes-Benz, Volkswagen Group, Renault Group, Allianz X, and RCI Bank.
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