Envoy Technologies provides turnkey EV car-sharing services to apartment and condo properties, handling vehicle procurement, charger installation, maintenance, and a mobile-app booking platform while splitting 5-10% of gross subscription revenue with building owners. Its inaugural pilot places two shared EVs at a 300-unit complex in Marina Del Rey, where residents can either pay $25 per month to access cars at $3 per hour or use them ad-hoc at $0.25 per minute/$15 per hour. The founders, real-estate developers Aric Ohana and Ori Sagie, position the service as both a resident perk and a traffic-reduction solution, estimating each vehicle could serve 50–100 users daily. Envoy has raised $500,000 from undisclosed Los Angeles investors to fund the pilot and initial operations. The company intends to deploy an additional 100 vehicles at properties nationwide and is in discussions with affordable-housing providers and municipalities to broaden access. Revenue will come from hourly usage fees and subscription plans, with property owners receiving a share of proceeds. Future expansion will require additional capital to scale vehicles, charging infrastructure, and software support.

Total raised

$2M

Funding rounds

2

Latest round

Grant

Latest activity

Sep 2017