About Wagonex
Wagonex is a company based in London (United Kingdom) founded in 2016.. Wagonex has raised $5.49 million across 7 funding rounds from investors including Development Bank of Wales and Admiral Group. Wagonex offers products and services including Car Subscription and Lease Options. Wagonex operates in a competitive market with competitors including Drover, Onto, WeVee, elmo and DriveElectric, among others.
- Headquarter London, United Kingdom
- Stage Minicorn
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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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- Legal Name Wagonex Limited
- Date of Incorporation 04 Aug, 2016
- Jurisdiction CARDIFF, WALES
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.49 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Development Bank of Wales
& 1 more
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Employee Count
Employee Count
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Products & Services of Wagonex
Wagonex offers a comprehensive portfolio of products and services, including Car Subscription and Lease Options. 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.
Flexible vehicle access with included maintenance and delivery options.
Short-term alternatives to traditional leasing with customizable terms.
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Funding Insights of Wagonex
Wagonex has successfully raised a total of $5.49M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(06 Apr 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - Wagonex | Valuation |
investors |
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| Jul, 2022 | Amount | Series A - Wagonex | Valuation | Admiral Group |
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| Apr, 2021 | Amount | Seed - Wagonex | 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 |
Investors in Wagonex
Wagonex has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Development Bank of Wales and Admiral 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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Provider of equity funding and business & property development loans
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Founded Year | Domain | Location | |
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Car insurance and related services are provided in the UK.
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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 Wagonex
| 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 - Wagonex
| 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 |
Wagonex Comparisons
Competitors of Wagonex
Wagonex 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 Drover, Onto, WeVee, elmo and DriveElectric, 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 |
Car subscription services are provided via an online platform.
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| domain | founded_year | HQ Location |
Electric car subscriptions are offered via an app-based platform.
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| domain | founded_year | HQ Location |
Electric car-leasing services are offered via an online platform.
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| domain | founded_year | HQ Location |
Electric vehicle subscriptions are offered with customizable plans.
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| domain | founded_year | HQ Location |
Offers a platform for hiring electric cars.
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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 Wagonex
Frequently Asked Questions about Wagonex
When was Wagonex founded?
Wagonex was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Wagonex located?
Wagonex is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Wagonex a funded company?
Wagonex is a funded company, having raised a total of $5.49M across 7 funding rounds to date. The company's 1st funding round was a Seed of $852.1K, raised on Apr 06, 2017.
What does Wagonex do?
Wagonex was founded in 2016 in London, United Kingdom. An online platform is operated in the automotive sector, enabling car subscriptions as an alternative to ownership. Vehicle offers from various partners are listed on a membership basis, including short-term options. Users are allowed to subscribe to plans for specific makes and models, with the ability to switch vehicles as needed.
What products or services does Wagonex offer?
Wagonex offers Car Subscription and Lease Options.
Who are Wagonex's investors?
Wagonex has 2 investors. Key investors include Development Bank of Wales, and Admiral Group.
What is Wagonex's valuation?
The valuation of Wagonex is $13.21M as of Oct 2022.