Melbourne, Australia
Flexicar Car Share is a membership-based carshare company founded in 2005 in Australia. Originally starting as a pilot project named Flo Carshare, the company received small business grants from Shell’s LiveWIRE program, the Victorian Government, and the City of Melbourne. In October 2006, Flo transformed into Flexicar, and it has since garnered multiple environmental and small business awards. Its growth attracted the attention of Hertz Australia, which acquired Flexicar in December 2010. Following this acquisition, Flexicar expanded its presence across Australia, establishing locations in VIC, NSW, WA, SA, ACT, TAS, and QLD.
Flexicar's slogan, "Flexicar is a convenient alternative to car ownership. Book a vehicle by the hour or the day," reflects its core value proposition. The company's innovative approach to addressing the challenges of urban mobility and car ownership makes it an intriguing investment opportunity. Its successful track record in receiving grants and awards underscores its commitment to sustainability and customer satisfaction.
However, it's essential to note that no recent information about the company's last investment or the involved investors is available. Despite this, the potential for continued expansion and innovation makes Flexicar an attractive prospect for venture capital firms looking to support disruptive solutions in the transportation sector.
