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Elmo logo — 4G remote-controlled vehicle technology

Elmo

4G remote-controlled vehicle technology

Founded 2022 Estonia Estonia 13 employees Seed Total: $2.60M Real Estate

General Information

Company Name Elmo
Founded Year 2022
Location Estonia Estonia
Employees 13
Industries Real Estate
Funding Stage Seed
Social

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About Elmo

Elmo is a pioneering company in the realm of remote-controlled vehicle technology, with a focus on technological innovation. The company's standout achievement is the world's first teledriven car sharing service and tech development. Founded in 2022 and headquartered in Estonia, Elmo has achieved various significant milestones, from introducing keyless and contactless short-term electrical car rental in 2013 to remotely driving their test car for the first time in 2021 and launching the first road legal teledrivable car driving on city streets in 2022. The company's groundbreaking teledrivable vehicle technology enables them to provide contactless, highly efficient short-term rental car delivery to clients' doorsteps. This efficiency allows Elmo to serve a large client base with a small fleet of cars and drivers, optimizing personnel costs, saving fuel, and reducing CO2 emissions. Their success is evident with over 20,000 clients and 140 environmentally friendly cars in their fleet. In terms of investment, Elmo recently secured a noteworthy €2.60M in a Seed Round investment on 26 April 2023. The funding was provided by reputable investors including Highgoal Capital, Barolo Investment Partners, FlyCap, and Water Ways Technologies. This injection of funds signifies a clear vote of confidence in Elmo's innovative approach and its potential to revolutionize the car sharing industry.

Taxonomy: teledrivable vehicles, remotely controlled cars, remote driving technology, car-sharing service, innovative transportation technology, short-term rental cars, keyless car rental, contactless car rental, environmentally friendly transportation, efficiency in transportation, CO2 emissions reduction, technology-driven car rental, vehicle delivery service, urban mobility innovation, sustainable transportation solutions

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Seed Round €2.60M 4
Highgoal Capital Barolo Investment Partners FlyCap
Highgoal Capital, Barolo Investment Partners +2
26 Apr 2023

Latest News

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Discover the Estonian startup ecosystem: 10 promising startups you should keep an eye on — Eu-startups
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Eu-startups Jan 20, 2025

Elmo Alternatives & Competitors

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Elmo vs
OurGreenCar
OurGreenCar Sweden

Miljövänliga mobilitetslösningar - vi tillhandahåller eldrivna fordonspooler för dedikerade grupper...

Non Equity Assistance
9 employees
Real Estate, Transportation
Elmo vs
Roadstr
Roadstr France

Car sharing marketplace

Seed
10 employees
E-Commerce, Entertainment
Elmo vs
Ferry
Ferry United States

App first, lifestyle first: Ferry is a new kind of e-mobility platform, made for you.

Seed
69 employees
Real Estate, Automotive
View all alternatives

FAQ About Elmo

4G remote-controlled vehicle technology
Elmo was founded in 2022.
Elmo is headquartered in Estonia.
Elmo operates in Real Estate. Its work centres on teledrivable vehicles, remotely controlled cars, remote driving technology and car-sharing service.
Elmo has approximately 13 employees.
Elmo has completed 1 funding round, raising a total of $2.60M. The latest funding stage is Seed.
Top alternatives and competitors to Elmo include OurGreenCar, Roadstr, Ferry, app2drive Deutschland GmbH & Co. KG, blinkee.city. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Elmo and OurGreenCar are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Elmo, https://bouncewatch.com/company/elmo, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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