EarthCar Co.,Ltd. Asset Profile

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Year established

2009

Location

Tokyo Japan

Primary Industry

Transportation Services

About

Based in Tokyo, Japan, established in 2009, EarthCar runs "earthcar", a car-sharing business, and "Toku P", a parking lot-sharing business and develops platforms for the above-mentioned sharing businesses. It is part of the IS Holdings group of companies which are companies with diverse specialties, ranging from securities trading to real estate to financing, renewable energy and vacation accommodations. In 2010, 1 year after EarthCar was established, the company started a franchising business. The following year, it launched "earthcar" in 2011 but revamped the platform in 2019. "Toku P" was launched in 2017 to ensure securing parking lot spaces, a problem that those running the car-sharing business faced. As of 2021, it is developing 2 more sharing businesses in the mobility sector (MaaS development). The company uses the business model of BtoBtoC and matches business operators to users. "earthcar" is based on the concept that business operators and ordinary individuals alike can easily participate in the sharing service. As of 2021, the app has 1.6 million registered users. There is no fee for joining. The company developed a one-stop platform that provides every necessary mechanism. Major car share operators to small and medium car share businesses can participate in the platform. It contributes to the creation of new businesses and effective use and monetization of idle assets. Contactless, cashless and paperless sharing services have been garnering increasing attention, especially recently due to COVID-19. Users can start riding their reserved car without the need for paperwork. The car can be opened by using a key app. Cars can be reserved, then picked up from nearby locations such as parking lots, gas stations or car rental dealerships. Their usage costs can go as low as 1000 yen for 8 hours of use, and can increase depending on the time of day.

Current Investors

WM Partners

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Primary Industry

Transportation Services

Sub Industries

Car Hire Services

Website

https://corp.earth-car.com/

Verticals

Mobile Apps

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Mar 2018

31 Mar 2019

31 Mar 2020

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