About Hyrecar
Hyrecar is a company based in San Francisco (United States) founded in 2014.. Hyrecar has raised $1.7 million across 5 funding rounds. Hyrecar offers products and services including Rent a Car, List a Car, and Insurance Coverage. Hyrecar operates in a competitive market with competitors including Splend, DriveItAway, WeFlex, Tribecar and RideShare Rental, among others.
- Headquarter San Francisco, United States
- Stage Public
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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
$1.7 M (USD)
in 5 rounds
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Latest Funding Round
$3.8 M (USD), Post-IPO
Jan 23, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Hyrecar
Hyrecar offers a comprehensive portfolio of products and services, including Rent a Car, List a Car, and Insurance Coverage. 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.
Service for drivers to rent cars for rideshare and delivery work
Platform for owners to list vehicles and earn from rentals
Provides commercial insurance for rental vehicles
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Funding Insights of Hyrecar
Hyrecar has successfully raised a total of $1.7M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $3.8 million completed in January 2023. 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 5
- Last Round Post-IPO — $3.8M
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First Round
First Round
(01 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Post-IPO - Hyrecar | Valuation |
investors |
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| Aug, 2019 | Amount | Post-IPO - Hyrecar | Valuation |
investors |
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| Jul, 2018 | Amount | Post-IPO - Hyrecar | 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 |
Investments & Acquisitions by Hyrecar
| 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 - Hyrecar
| 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 |
Hyrecar Comparisons
Competitors of Hyrecar
Hyrecar 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 Splend, DriveItAway, WeFlex, Tribecar and RideShare Rental, 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 |
Online car rental platform for rideshare drivers
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| domain | founded_year | HQ Location |
Online car rental platform for ridesharing drivers
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| domain | founded_year | HQ Location |
Online platform offering electric car-rental services for ride-hailing drivers
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| domain | founded_year | HQ Location |
Provides short-term car rental services.
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| domain | founded_year | HQ Location |
Car rentals for drivers are facilitated via 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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Latest news on Hyrecar
Frequently Asked Questions about Hyrecar
When was Hyrecar founded?
Hyrecar was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Hyrecar located?
Hyrecar is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Hyrecar a funded company?
Hyrecar is a funded company, having raised a total of $1.7M across 5 funding rounds to date. The company's 1st funding round was a Post-IPO of $3.05M, raised on Jun 01, 2015.
What does Hyrecar do?
Hyrecar was founded in 2014 in San Francisco, United States, as an online marketplace in the car rental sector. Connections are facilitated between vehicle owners and approved drivers for Uber, Lyft, and other ridesharing services. Insurance coverage is included during rentals, along with vehicle tracking features. Operations are supported by mobile applications for Android and iOS, with fixed pricing structures applied.
Who are the top competitors of Hyrecar?
Hyrecar's top competitors include DriveItAway, Splend and WeFlex.
What products or services does Hyrecar offer?
Hyrecar offers Rent a Car, List a Car, and Insurance Coverage.