About Instacar
Instacar is a company based in Marousi (Greece) founded in 2018 by Antonis Zois, Vassilis Damianos, and Anthony Samothrakis.. Instacar has raised $58.81 million across 1 funding round from investors including Autohellas, Velocity Partners and Olympia Group. Instacar offers products and services including Flexible Leasing, Vehicle Purchase, instadriver App, instaride, and DriveHome. Instacar operates in a competitive market with competitors including Sixt, LeasePlan, PumPumPum, Fair and Rodo, among others.
- Headquarter Marousi, Greece
- Founders Antonis Zois, Vassilis Damianos, Anthony Samothrakis
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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
$58.81 M (USD)
in 1 rounds
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Latest Funding Round
$58.81 M (USD), Series A
Feb 20, 2023
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Investors
Autohellas
& 3 more
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Employee Count
Employee Count
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Products & Services of Instacar
Instacar offers a comprehensive portfolio of products and services, including Flexible Leasing, Vehicle Purchase, instadriver App, instaride, and DriveHome. 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.
Online platform for monthly vehicle leasing subscriptions.
Service for buying pre-owned vehicles online.
App for managing vehicle leases and reporting issues.
Flexible leasing option for external residents.
Service for flexible vehicle rentals abroad.
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Funding Insights of Instacar
Instacar has successfully raised a total of $58.81M through 1 strategic funding round. The most recent funding activity was a Series A round of $58.81 million completed in February 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 1
- Last Round Series A — $58.8M
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First Round
First Round
(20 Feb 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Instacar | Valuation | Autohellas , Velocity Partners |
| 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 Instacar
Instacar has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Autohellas, Velocity Partners and Olympia 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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Elikonos Capital is engaged in investment management for Greek companies.
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Founded Year | Domain | Location | |
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Car rentals, leasing, and automotive distribution services are provided.
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Founded Year | Domain | Location | |
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Velocity Partners is recognized as a B2B marketing agency.
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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 Instacar
| 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 - Instacar
| 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 |
Instacar Comparisons
Competitors of Instacar
Instacar 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 Sixt, LeasePlan, PumPumPum, Fair and Rodo, 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 |
Rental cars and trucks are provided via an online platform.
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| domain | founded_year | HQ Location |
Car leasing and financing services are offered via online platform.
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| domain | founded_year | HQ Location |
Pre-owned luxury cars are traded through an online P2P marketplace.
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| domain | founded_year | HQ Location |
Cars are leased via an app with personalized payment ranges.
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| domain | founded_year | HQ Location |
New cars are leased or purchased via an app-based platform.
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| domain | founded_year | HQ Location |
Online vehicle leasing and provider comparisons are enabled in real-time.
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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 Instacar
When was Instacar founded?
Instacar was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Instacar located?
Instacar is headquartered in Marousi, Greece. It is registered at Marousi, Attica, Greece.
Is Instacar a funded company?
Instacar is a funded company, having raised a total of $58.81M across 1 funding round to date. The company's 1st funding round was a Series A of $58.81M, raised on Feb 20, 2023.
What does Instacar do?
Instacar was founded in 2018 in Marousi, Greece, by co-founders Antonis Zois, Vassilis Damianos, and Anthony Samothrakis. An internet-first platform is utilized to deliver leasing services for cars and bikes. Operations center on digital accessibility, enabling customers to access vehicle leasing options primarily within Greece. The sector focuses on automotive and mobility financing through streamlined online processes.
Who are the top competitors of Instacar?
What products or services does Instacar offer?
Instacar offers Flexible Leasing, Vehicle Purchase, instadriver App, instaride, and DriveHome.
Who are Instacar's investors?
Instacar has 4 investors. Key investors include Autohellas, Velocity Partners, Olympia Group, and Elikonos Capital.