ELOOP is an Austrian startup that operates a zero-emission, electric vehicle carsharing service. The company allows users to rent its fleet of Tesla electric vehicles through a free-floating carsharing model in Vienna, Austria. In August 2019, ELOOP launched its e-carsharing service in Vienna after a successful crowdfunding campaign.
The startup aims to enhance urban mobility and improve city living by providing access to quiet, emission-free vehicles. ELOOP's innovative approach involves tokenizing its fleet using blockchain technology through its ELOOP ONE token. This security token allows users to directly benefit from the trip revenues generated by the tokenized vehicles, effectively enabling revenue sharing within the fleet.
As of March 2023, ELOOP had a fleet of around 200 Tesla Model three electric vehicles, with plans to double its fleet size in Vienna. The company also announced its expansion to Munich, Germany, marking its first entry into an international market. ELOOP's blockchain-based revenue sharing model, along with its focus on sustainable mobility solutions, has attracted investments from venture capital firms like C&P Ventures, European Super Angels Club, as well as individual investors like Bitpanda co-founder Christian Trummer.
In 2022, ELOOP introduced a new e-car subscription model called "ELOOP Flat" for businesses, complementing its existing free-floating offering. By the end of 2022, the company had grown its team to around 30 employees, tripling its workforce compared to the previous year. ELOOP reported sales of approximately EUR 3 million in 2021, representing a substantial 1,500% increase from the previous year.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.