About HiGear
HiGear is a company based in San Francisco (United States) founded in 2011 was acquired by Hertz Car Sales in February 2012.. HiGear has raised $1.3 million across 1 funding round from investors including Battery Ventures, 500 Global and Craig Sherman. HiGear operates in a competitive market with competitors including Turo, Getaround, EVmo, FlightCar and Wheelz.com, among others.
- Headquarter San Francisco, United States
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Sectors
Travel & HospitalityTransportation, 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
$1.3 M (USD)
in 1 rounds
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Latest Funding Round
$1.3 M (USD), Seed
Oct 07, 2011
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Investors
Battery Ventures
& 5 more
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Employee Count
Employee Count
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Acquired by
Hertz Car Sales
(Feb 27, 2012)
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Funding Insights of HiGear
HiGear has successfully raised a total of $1.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.3 million completed in October 2011. 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 1
- Last Round Seed — $1.3M
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First Round
First Round
(07 Oct 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2011 | Amount | Seed - HiGear | Valuation | Battery Ventures , 500 Global |
| 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 HiGear
HiGear has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Battery Ventures, 500 Global and Craig Sherman. 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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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech startups.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across multiple sectors.
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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 HiGear
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - HiGear
| 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 |
Higear Comparisons
Competitors of HiGear
HiGear 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, FlightCar and Wheelz.com, 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 |
Operates a marketplace for renting parked vehicles at airports.
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| domain | founded_year | HQ Location |
Vehicles are leased peer-to-peer on hourly or daily basis.
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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 HiGear
When was HiGear founded?
HiGear was founded in 2011.
Where is HiGear located?
HiGear is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is HiGear a funded company?
HiGear is a funded company, having raised a total of $1.3M across 1 funding round to date. The company's 1st funding round was a Seed of $1.3M, raised on Oct 07, 2011.
What does HiGear do?
HiGear was founded in 2011 in San Francisco, United States, and operates as an online aggregator for peer-to-peer car rentals in the automotive sector. Luxury and sports cars are listed and rented among members in a secure community of enthusiasts. Vehicles are made available by owners when not in use, allowing income generation for participants. The platform facilitates direct transactions between users across the region.
Who are HiGear's investors?
HiGear has 6 investors. Key investors include Battery Ventures, 500 Global, Craig Sherman, Kevin Chou, and Headline.
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