Coastr

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

Coastr is an Edinburgh-based technology company that has developed an all-in-one vehicle rental management platform. The cloud-based software uses artificial intelligence (AI) and connected vehicle technologies, including telematics and direct integrations with manufacturers, to enable independent vehicle rental businesses to digitize their operations. Coastr's platform delivers innovations such as keyless entry, remote vehicle immobilization, and real-time usage monitoring, allowing complete control over vehicle fleets. The company aims to help rental operators transform their businesses through data-driven decision-making, deliver a digital experience to customers, and adopt sustainable practices like electric vehicles and contactless rentals.

In September 2021, Coastr raised GBP 1.4 million from London-based investor GroVentive. The funding was intended to launch additional products in 2022, including on-demand fleet insurance, integrated vehicle financing, and connectivity to market aggregators and booking platforms. Coastr also planned to launch its own branded mobility services platform, working with rental partners to utilize networks and spare capacity.

Originally founded as Nuvven in 2018 by former PwC Technology Strategist Biswajit Kundu Roy, Coastr rebranded and established partnerships with companies like Volkswagen Financial Services, Stripe, Sage, and Elavon. By 2021, the company had experienced a fivefold increase in its customer base while doubling its headcount to 35 employees. Coastr opened a second office in Bangalore, India, in early 2021 to expand its operational and technology teams.

In May 2023, former Nissan president and CEO Hiroto Saikawa joined Coastr as an advisor to guide the company's expansion into the Asian market. Saikawa expressed his belief in Coastr's potential to become a dominant player in the rapidly growing shared mobility industry, which is projected to reach a market value of GBP 1.49 trillion by 2027.


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 While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.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:
Edinburgh GBR
Founded year:
2018
Employees:
11-50
IPO status:
Private
Total funding:
USD 2.7 mn
Last Funding:
USD 775.2 k (Seed; Jan 2022)
Last valuation:
USD 8.9 mn (Jan 2022)
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