Eccocar is a Spain-based startup developing a multimodal urban mobility ecosystem with a strong focus on digitalizing the car-rental experience. The company offers solutions for micro-mobility and car sharing and aims to provide a convenient, sustainable end-to-end car rental experience for travelers. Eccocar is positioning its platform to link multiple transport modes via mobile applications to enable seamless traveler journeys. Partnering with Amadeus is intended to allow Eccocar to offer its solutions to Amadeus customers and accelerate international expansion, particularly in the car rental sector. The collaboration is also meant to enable experimentation and integration of new mobility use cases as shared mobility and autonomous vehicles emerge. CEO Iván Luarca Gayo and Amadeus executives framed the investment as a strategic opportunity to evolve mobility offerings together. eccocar is a Madrid-based carsharing platform founded in 2015 that provides fleet management services to car rental agencies, corporates, car dealers, public administrations, and communities. Its mobile-first product lets users manage the entire rental process, including opening and starting vehicles, and enables sharing to optimize fleet size and reduce CO2 emissions. The company says sharing and digitalizing corporate fleets can cut fleet size by up to 30% and mobility expenses by up to 60%. eccocar operates in Spain and Portugal and works with corporate partners such as Endesa, Cofares, Ferrovial, and Prosegur. In the car rental sector it has agreements with Like (Barcelona), Proa (Balearic Islands), and WeRental (Valencia). The company raised €495k to implement its technology and boost digitalization of the car rental sector and in 2019 plans to close international deals with urban mobility operators for cars, motorcycles and other sustainable vehicles.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2019