
Locomute
OperatingLocomute is offers consumers a more tech-savvy and flexible approach to car rentals and transportation.
- Car Sharing
- Centurion, South Africa
- Venture
- Founded 2015
- Total raised
- $5M
- disclosed
- Last round
- $5M
- Venture
- Rounds
- 2
- since 2015
About Locomute
Locomute is offers consumers a more tech-savvy and flexible approach to car rentals and transportation. Locomute allows its members, which it calls Locomuters, to access any of their cars parked throughout South Africa. The locations of available Locomute cars can be found online or through a smartphone app. Members reserve a car online or via the Locomute App, and to use the car a member swipes a smartcard over a card reader on the windshield. Locomuters have around-the-clock access to a pool of vehicles located within designated zones, called Locoparks.
Locomute funding2 rounds
All 2 rounds →Locomute has raised $5M across 2 disclosed rounds. The latest is a $5M Venture announced 09 May 2016.
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 09 May 2016 | Locomute Venture | Not disclosed | $5M |
| 30 Oct 2015 | Locomute Seed | Not disclosed | Not disclosed |
Locomute competitorssame sector · similar funding
- Mobility for AfricaHarare, Zimbabwe
- Mondo RideNairobi, Kenya
More Car Sharing startups in Africa
- HURRY
HURRY is an Egyptian MaaS startup which provides free floating car sharing through a fleet of gas and electric cars. · Egypt
- Zuru Car Rental
Zuru Car Rental is a Kenyan startup connecting car owners with travelers seeking to hire those cars · Kenya
- dryve
dryve is revolutionizing mobility in the Middle East! · Egypt
- GoMyWay
GoMyWay is a ride sharing service that connects private car owners with empty seats to passengers going the same way across Nigeria. · Nigeria
Frequently asked about Locomute
- Where is Locomute based and when was it founded?
- Locomute is headquartered in Centurion, South Africa and was founded in 2015.
- How much funding has Locomute raised?
- Locomute has raised $5M across 2 disclosed rounds. Its latest, a $5M Venture, was announced on May 09, 2016.
- What sector is Locomute in?
- Locomute operates in Car Sharing, Transportation and Rental.