About Silvercar
Silvercar is a Transportation, Automotive & Logistics company based in Austin (United States) founded in 2012, and was acquired by Audi in July 2017. App-based car rental platform. It operates in the Transportation, Automotive & Logistics and Travel & Hospitality sectors. 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. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Car. Its competitors include Kyte, Zipcar and VeoRide; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Austin, United States
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsTravel & Hospitality
- Website silvercar.com
- Social LinkedIn X
- Acquired by Audi (Jul 2017)
Products & Services of Silvercar
Silvercar offers a comprehensive portfolio of products and services, including Audi on demand App and Vehicle Rental Service.
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.
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 $59.53M
- Total Rounds 6
- Last Round Series C — $28M
- First Round $11.53M
(Oct 2012)
- Investors Count 8
All 6 funding rounds of Silvercar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2016 | $28M | Series C | – | Audi | |
| Aug 2015 | $5.75M | Debt – Conventional | – | – | – |
| Sep 2014 | $14M | Series B | – | Velos Partners, Eduardo Saverin | |
| Apr 2014 | $5M | Debt – Conventional | – | – | – |
| Dec 2013 | $6M | Series A | – | – | – |
| Oct 2012 | $11.53M | Series A | – | Austin Ventures |
8 investors in total: 5 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in Texas-based companies. | austinventures.com | |||
Investments in US tech companies are made by Velos Partners. | velospartners.com | Los Angeles, United States | ||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Early-stage tech-focused VC firm investing primarily in the US | tuesday.vc | San Francisco, United States | ||
Luxury vehicles including sedans, SUVs, and electrics are produced worldwide. | 1909 | audi.com | Ingolstadt, Germany | |
ES Eduardo Saverin | unknown_e00947f1aeec4c0eb | |||
CD Chris Dixon | General Partner at a16z, angel investor, blockchain advocate | unknown_ecda249dcd3648138 | ||
DM Dave Morin | Angel investor, entrepreneur, co-founder of Path, early Facebook team member | unknown_7a810ba8a88542359 |
Investor details for Silvercar
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People of Silvercar
10 people are tracked at Silvercar (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Jon Zeitler | Senior Vice President Corporate Development And General Counsel | Leadership |
Matt Carpenter | Chief Executive Officer And Board Director | Leadership |
Leigh Duecy, SPHR | Vice President of Human Resources | Leadership |
Jason Jones | Regional General Manager | Leadership |
Emily Weida | Manager, Audit & Compliance | Team |
Michael M. | Area Operations Manager at Audi on demand | Team |
Alexandria Zwick | Human Resources Specialist | Team |
Markus Mitchell | Area Operations Manager | Team |
Rikki Kline | Area Operations Manager | Team |
Michele Brattli | Mobility Specialist | Team |
Complete people profiles for Silvercar
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Timeline of Silvercar
4 dated milestones of Silvercar across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Silvercar is founded.
- Funding First funding round of $11.5M.
- Funding Latest funding round, Series C, of $28.0M.
- Exit Acquired by Audi.
Competitors of Silvercar
Silvercar has 3 listed competitors in our database, 3 of them funded. They include Kyte, Zipcar and VeoRide.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kyte.com | 2006 | San Francisco, United States | $99M | 78 | App-based car rental platform | |
| zipcar.com | 2000 | Boston, United States | $60.7M | 401 | Hourly vehicle rentals are provided through membership-based car sharing. | |
| veoride.com | 2017 | West Lafayette, United States | $16.03M | Multi-category electric vehicles are rented via an app-based platform. |
Detailed competitors of Silvercar
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- Full competitor set
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Web traffic of Silvercar
Websites that share an audience with Silvercar (silvercar.com).
Websites whose visitors overlap most with Silvercar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
avisprestige.com | avisprestige.com | 100% | #1,049,322 | – | |
autorentals.com | autorentals.com | 96% | #81,365 | – | |
| flightcar.com | 94% | View details | |||
midwaycarrental.com | midwaycarrental.com | 94% | #636,417 | – | |
silvercar.looker.com | silvercar.looker.com | 94% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Silvercar
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- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Silvercar (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 |
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Related news about Silvercar
Complete news archive for Silvercar
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Frequently Asked Questions about Silvercar
Silvercar was founded in 2012.
Silvercar is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
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 A of $11.53M, raised on Oct 2012.
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.
Silvercar offers Audi on demand App and Vehicle Rental Service.
Silvercar has 8 investors. Key investors include Audi, Austin Ventures, Eduardo Saverin, Velos Partners, and SV Angel.
Yes. Silvercar was acquired by Audi in July 2017.