About WeFlex
WeFlex is a company based in London (United Kingdom) founded in 2015.. WeFlex has raised $80 million across 3 funding rounds from investors including Triple Point Ventures. WeFlex offers products and services including EV Rental Service and Rent-to-Buy Program.
- Headquarter London, 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 Weflex Ltd
- Date of Incorporation 27 Jul, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80 M (USD)
in 3 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of WeFlex
WeFlex offers a comprehensive portfolio of products and services, including EV Rental Service and Rent-to-Buy Program. 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.
Provides flexible electric vehicle rentals for PCO drivers.
Enables drivers to rent EVs with an option to purchase later.
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Funding Insights of WeFlex
WeFlex has successfully raised a total of $80M across 3 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 3
- Last Round Last Round
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First Round
First Round
(17 Feb 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series C - WeFlex | Valuation |
investors |
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| Feb, 2022 | Amount | Debt – Conventional - WeFlex | Valuation |
investors |
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| Feb, 2020 | Amount | Debt – Conventional - WeFlex | 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 WeFlex
WeFlex has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Triple Point Ventures. 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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Early-stage investments are made in B2B software 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 WeFlex
| 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 - WeFlex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Weflex Comparisons
Competitors of WeFlex
| 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 Weflex
Frequently Asked Questions about WeFlex
When was WeFlex founded?
WeFlex was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is WeFlex located?
WeFlex is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is WeFlex a funded company?
WeFlex is a funded company, having raised a total of $80M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $13.04M, raised on Feb 17, 2020.
What does WeFlex do?
WeFlex was established in 2015 in London, United Kingdom, within the electric vehicle rental sector. An online platform is maintained to facilitate rentals of electric cars specifically for ride-hailing drivers. Services encompass monthly rental agreements and rent-to-buy arrangements, enabling access to vehicles on flexible terms. Operations are centered in the UK market, supporting professional drivers in urban mobility.
What products or services does WeFlex offer?
WeFlex offers EV Rental Service and Rent-to-Buy Program.
Who are WeFlex's investors?
WeFlex has 1 investor. Key investors include Triple Point Ventures.