OX Drive operates a car-sharing platform focused on Tesla vehicles in Latvia. The service launched commercially last year and is run by founders Egija Gailuma, Kristiāns Karlsons, Juhan Kaarma, and Kristaps Vasiļjevs, who established Spaceship Ltd. The company has invested over €4 million into developing the platform. Following a new funding agreement with Industra Bank, OX Drive will expand its fleet by 80 vehicles, bringing the total to 200 shared electric cars. Management says fleet growth is central to meeting accessibility and ease-of-use needs for its users. The article does not report revenue or user metrics.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2023