Bespoke Luxury Car Rental Platform CarHopper Raises $1.5M in Round to Service Los Angeles, Las Vegas and Miami
MIAMI, April 25, 2017 /PRNewswire/ — CarHoppera first-of-its-kind booking platform for luxury car rentals that simplifies access to top-tier cars, today announced that it has raised $1.5 million in seed funding, and has expanded its operations to Los Angeles, Vegas, Orlando and Fort Lauderdale. The capital, raised from a syndicate of angel investors, is already positioning the startup as a leading player in the Miami the entrepreneurial scene, where it is headquartered.
an initial $500,000 was established in the fourth quarter of 2016, when the startup operated as a booking platform for local and independent car rental companies. CarHopper also announced today that it has focused on more curated inventory, sourced from luxury car rental providers. CarHopper just got an extra $1 millionwhich will help the company expand its sales and marketing efforts, as well as accelerate product development, bringing the increase to a total of $1.5 million over the past six months.
With the growth of online marketplaces and the sharing economy, consumers now have a greater variety of channels to access goods and services in non-traditional ways. “The latest trends demonstrate that people prefer buying experiences over assets,” says Bora Hamamcioglu, founder and CEO of CarHopper, a trend the company is capitalizing on. In addition to private jet services and luxury homes, sophisticated shoppers now have easy and streamlined access to luxury cars with CarHopper. With a sleek online platform and easy-to-use mobile app, members can effortlessly book from a variety of real-time options.
The additional funding builds on a bumper year for CarHopper, which saw a rapidly growing customer list and market momentum expand its services in key cities such as Los Angeles, Vegasand through South Florida – markets in which the demand for luxury car rental continues to grow in line with lifestyle trends and the growth of the global tourism industry. Revenues from the luxury car rental market in United States is on an annual date $5 billion and growing steadily at 10% per year, according to a report published by Statista (The size of the North American car rental market – forecast 2012-2022). “We are very excited to be pioneering the growth of this highly fragmented market and streamlining the luxury car rental process with our innovative technology,” says Hamamcioglu.
For more information, visit www.carhopper.co and download our IOS and Android mobile apps. Join us on the tracks @CarHopperApp
CarHopper is a beautifully simple online booking platform for the luxury car connoisseur looking to rent the world’s most unique cars; from Ferraris to Bentleys, from Lamborghinis to McLarens. Whatever the driving experience, CarHopper has the keys to make it happen. Founded in 2016 by entrepreneur Bora Hamamcioglu, CarHopper now operates in Los Angeles, Vegasand South Florida. CarHopper makes the best cars accessible and easy to book with its new, redesigned interface (on web and mobile).
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