About Otto Car
Otto Car is a company based in Hammersmith (United Kingdom) founded in 2014. It operates as a Product-as-a-Service, and Pay-per-Use / Usage-Based. Otto Car has raised $3.41 million across 2 funding rounds from investors including Santander UK and Paragon Bank. Otto Car offers products and services including PCO Car Hire, Rent to Buy, and Uber EV Assistance.
- Headquarter Hammersmith, United Kingdom
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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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- Legal Name Otto Car Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.41 M (USD)
in 2 rounds
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Latest Funding Round
$1.79 M (USD), Debt – Conventional
Jan 31, 2026
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Investors
Santander UK
& 1 more
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Employee Count
Employee Count
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Products & Services of Otto Car
Otto Car offers a comprehensive portfolio of products and services, including PCO Car Hire, Rent to Buy, and Uber EV Assistance. 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.
Vehicles are provided for private hire drivers.
Ownership plans are offered for hired vehicles.
Financial aid is given for electric vehicles.
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Funding Insights of Otto Car
Otto Car has successfully raised a total of $3.41M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.79 million completed in January 2026. 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 Debt – Conventional — $1.8M
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First Round
First Round
(10 Dec 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Debt – Conventional - Otto Car | Valuation |
investors |
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| Dec, 2018 | Amount | Series A - Otto Car | Valuation |
investors |
| 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 Otto Car
Otto Car has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Santander UK and Paragon Bank. 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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Financial solutions for personal and business banking are provided.
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Founded Year | Domain | Location | |
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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 Otto Car
| 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 - Otto Car
| 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 |
Otto Car Comparisons
Competitors of Otto Car
| 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 Otto Car
When was Otto Car founded?
Otto Car was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Otto Car located?
Otto Car is headquartered in Hammersmith, United Kingdom. It is registered at Hammersmith, England, United Kingdom.
Is Otto Car a funded company?
Otto Car is a funded company, having raised a total of $3.41M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.41M, raised on Dec 10, 2018.
What does Otto Car do?
Otto Car is involved in offering vehicle rental and rent-to-buy schemes specifically tailored for private hire drivers, particularly those working with Uber in London. Services are provided across various hubs in the UK, focusing on electric vehicles with financial assistance programs like Uber EV Assistance. The company supports drivers through flexible plans, no credit checks, and dedicated support, operating in the transportation sector with a focus on sustainable mobility solutions.
What products or services does Otto Car offer?
Otto Car offers PCO Car Hire, Rent to Buy, and Uber EV Assistance.
Who are Otto Car's investors?
Otto Car has 2 investors. Key investors include Santander UK, and Paragon Bank.