MILES

Overview
Activities
News
Shared Mobility?
Product stageSegments
Minimum Viable Product
?
Car sharing
?

MILES is a leading mobility provider in Germany, offering a diverse range of vehicle options for carsharing, van sharing, and flexible long-term rentals through a stationless, free-floating system. The company's unique pricing model charges users based on the kilometers driven, rather than by the minute, providing a stress-free and transparent experience. MILES operates a mixed fleet of over 16,000 vehicles, including sedans like the VW Polo and VW ID.3, as well as larger vehicles such as the Audi A4 Avant, Mercedes Sprinter, and VW Crafter. This diverse offering caters to various transportation needs, from quick city trips to moving and hauling.

Since its launch in 2016, MILES has rapidly expanded its operations across multiple German cities, including Berlin, Potsdam, Hamburg, Munich, Cologne, Düsseldorf, Bonn, and Duisburg. In 2022, the company acquired WeShare, Volkswagen's electric car-sharing service, further strengthening its position in the market. As part of this strategic partnership, MILES has ordered over 10,000 additional electric vehicles from Audi, Seat/Cupra, and Volkswagen Passenger Cars, slated for delivery starting in 2023, aligning with the company's commitment to sustainable mobility solutions.

MILES achieved a significant milestone in October 2020, becoming the only carsharing service in Germany to break even, despite the challenges posed by the Covid-19 pandemic. The company's revenue nearly quadrupled from EUR 5.7 million in 2019 to EUR 20 million in 2020, demonstrating the success of its holistic and use-case driven approach.

Key customers and partnerships

MILES has established notable partnerships and collaborations with various organizations and initiatives. Since 2018, the company has supported non-profit organizations and associations through its MILES Charity program, providing monetary contributions, in-kind donations, and specifically branded MILES Charity cars for charitable purposes.

Furthermore, MILES contributes its transporters to charity organizations such as Berliner Tafel and hawar.help, enabling them to transport goods for their missions efficiently.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Kantstraße 54 Berlin DEU
Founded year:
2016
Employees:
251-500
IPO status:
Private
Total funding:
USD 5.7 mn
Last Funding:
-
Last valuation:
-
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