Envoy Technologies has secured an $11 million Series A round and a strategic vehicle financing facility to assist it to scale to thousands of vehicles, the company announced.
The Series A was co-led by Shell Ventures and Building Ventures and included other notable investors: DENSO, Goodyear Ventures, GroundBreak Ventures, and the Los Angeles Cleantech Incubator Impact Fund. The vehicle financing facility is being provided by Macquarie Specialized and Asset Finance, a part of Macquarie Group.
The capital will enable Envoy to continue expansion throughout the United States.
Founded in 2017 by real estate and tech entrepreneurs Aric Ohana and Ori Sagie, Envoy partners with CRE industry leaders to offer onsite mobility services including electric carsharing and EV charging for apartments, offices, and hotels. Envoy's Mobility as an Amenity service is a turn-key solution that includes technology to reserve and access vehicles, driver insurance, maintenance, and electric vehicle chargers.
In the face of a global pandemic, the company has experienced record utilization amounting to more than 1.25 million electric miles driven. Envoy is currently available in 14 markets across 10 states in the U.S.
Originally posted on Auto Rental News