About Silvercar
Silvercar is a company based in Austin (United States) founded in 2012 was acquired by Audi in July 2017.. Silvercar has raised $59.53 million across 6 funding rounds from investors including Audi, Austin Ventures and Eduardo Saverin. Silvercar offers products and services including Audi on demand App and Vehicle Rental Service. Silvercar operates in a competitive market with competitors including TIER, Kyte, Zipcar, VeoRide and Avis, among others.
- Headquarter Austin, United States
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Sectors
Transportation, Automotive & LogisticsTravel & Hospitality
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Phone
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Website
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Products & Services of Silvercar
Silvercar offers a comprehensive portfolio of products and services, including Audi on demand App and Vehicle Rental Service. 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.
App for booking and renting Audi vehicles with flexible terms and premium features.
Service offering Audi sedans and SUVs for short or long-term use via dealerships.
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Funding Insights of Silvercar
Silvercar has successfully raised a total of $59.53M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $28 million completed in January 2016. 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 6
- Last Round Series C — $28.0M
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First Round
First Round
(03 Oct 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series C - Silvercar | Valuation | Audi | |
| Aug, 2015 | Amount | Debt – Conventional - Silvercar | Valuation |
investors |
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| Sep, 2014 | Amount | Series B - Silvercar | Valuation | Velos Partners , Eduardo Saverin |
| 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 Silvercar
Silvercar has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Audi, Austin Ventures and Eduardo Saverin. 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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Venture capital investments in Texas-based companies.
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Investments in US tech companies are made by Velos Partners.
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Early-stage investments are provided to transformative technology companies.
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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 Silvercar
| 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 - Silvercar
| 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 |
Silvercar Comparisons
Competitors of Silvercar
Silvercar 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 TIER, Kyte, Zipcar, VeoRide and Avis, 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 |
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| domain | founded_year | HQ Location |
Electric kick-scooters are rented through a mobile app platform.
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| domain | founded_year | HQ Location |
App-based car rental platform
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| domain | founded_year | HQ Location |
Hourly vehicle rentals are provided through membership-based car sharing.
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| domain | founded_year | HQ Location |
Multi-category electric vehicles are rented via an app-based platform.
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| domain | founded_year | HQ Location |
Online platform offering car rental services
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| domain | founded_year | HQ Location |
Community-based electric car-sharing services are facilitated via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Silvercar
Frequently Asked Questions about Silvercar
When was Silvercar founded?
Silvercar was founded in 2012.
Where is Silvercar located?
Silvercar is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Silvercar a funded company?
Silvercar is a funded company, having raised a total of $59.53M across 6 funding rounds to date. The company's 1st funding round was a Series B of $14M, raised on Oct 03, 2012.
What does Silvercar do?
Silvercar was founded in 2012 in Austin, United States, as an app-based platform in the car rental sector. Rentals are handled through a smartphone application, where vehicles are booked by location, payments are processed online, and cars are unlocked remotely. The service operates across iOS and Android devices, focusing on streamlined urban mobility solutions in the U.S. market.
Who are the top competitors of Silvercar?
What products or services does Silvercar offer?
Silvercar offers Audi on demand App and Vehicle Rental Service.
Who are Silvercar's investors?
Silvercar has 8 investors. Key investors include Audi, Austin Ventures, Eduardo Saverin, Velos Partners, and SV Angel.