SnappCar | B Corp is a dynamic player in the European car-sharing sector. With the unique slogan, "Rent a car in your neighbourhood or rent out your own car to your neighbours and contribute to the environment," the company addresses inefficiencies by targeting the 250 million cars in Europe that sit idle for most of the day.
Established in 2011, SnappCar's impressive mission is to transform car ownership into sharing, aiming to reduce the number of cars on European roads by five million by 2022. As a certified B Corp, they are not only focusing on profitability but also sustainability and community welfare.
Their marketplace facilitates secure and user-friendly transactions among car owners and renters, propelling SnappCar to rapid growth in the Marketplaces, Transportation, and Travel and Tourism industries. Based in The Netherlands, SnappCar collaborates closely from offices in multiple European cities, fueled by values like self-propellingness and brutal honesty.
In terms of financial backing, they secured a €8.00M Series C investment on 27 September 2019, with Tango as the key investor, positioning them well for continued expansion.