UFODRIVE raises $19 million in Series-A round
HMT LLP advised UFODRIVE – the leading self-service electric vehicle rental company and eMobility SaaS provider in Europe on their $19million Series-A funding.
UFODRIVE is the first all-digital, all-electric car rental service controlled from an app. Its advanced eMobility SaaS platform makes transitioning to electric easy for both customers and fleet providers – delivering lean operations, lower energy costs, better charging and optimal fleet utilisation using advanced AI tools. UFODRIVE’s technology delivers a two-minute ‘arrive and drive’ entirely digital EV customer experience.
Founded in 2018, UFODRIVE’s success is based on environmentalism, superb customer experiences and an eye to what modern consumers need. The business has experienced sustained growth throughout the pandemic, opening new locations as well as adding home delivery and subscription to its existing rental operation.
The Series-A financing of $19million from major strategic and financial investors will be used to accelerate product development and to expand globally, with a focus on the U.S. market.
HMT worked with founders Aidan and Renaud to identify suitable investors on a global basis and helped establish a competitive platform for the investment with multiple offers of funding being received.
Aidan McClean, CEO of UFODRIVE commented:
James Thomas, Technology Partner at HMT commented:
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