easyCar The Car Club
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easyCar The Car Club - overview
Established
2000
Location
London, -, UK
Primary Industry
Transportation Services
About
easyCar The Car Club is a car rental broker that simplifies vehicle hire by enabling users to compare and book from over 1,700 rental companies across 45,000 locations globally, catering to various customer needs. Founded in 2000 in London, UK, easyCar The Car Club operates as a car rental brokerage, facilitating vehicle rental services. The company has undergone strategic pivots but has maintained its core brokerage model. Stelios Haji-Ioannou is the founder, and the company has conducted a total of 3 deals with its most recent funding round occurring on January 6, 2012, where it raised GBP 11.
00 mn, amounting to its total capital raised of GBP 11. 00 mn. easyCar primarily functions as a car rental broker, providing a platform that allows customers to compare and book car hire services from a diverse range of over 1,700 rental companies worldwide. This includes well-known brands like Hertz and Avis, as well as local agencies, all aimed at meeting the varied needs of travelers, be it for leisure or business.
The platform simplifies the rental process and ensures competitive pricing, available in key markets such as the UK, Spain, France, Italy, and the USA. In its most recent fiscal year, 2024, easyCar reported revenue of GBP 1,159,263. 40 and an EBITDA of GBP 618,950. 30.
Revenue is generated through transactional fees based on a commission model from bookings made via the platform, supported by partnerships with numerous car rental companies. easyCar plans to leverage recent funding from its January 2012 investment to enhance its platform and expand into new geographical markets. Specific target regions include emerging tourist destinations in Asia and South America, aiming to roll out these initiatives by the end of 2024. The company is also focusing on developing new product features to improve user experience and streamline the booking process.
Current Investors
PROfounders Capital
Primary Industry
Transportation Services
Sub Industries
Car Hire Services
Website
www.easycar.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
easyCar The Car Club - timeline of key events
easyCar The Car Club - financials
| Fiscal Year Ended | Sep 30, 2008 | Sep 30, 2009 | Sep 30, 2010 | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 26,695,000 | 26,167,000 | 23,987,000 | 15,123,000 | - | - | - | - | 3,693,000 | 3,652,000 | - | 2,007,000 | 407,000 | - | - | - | - |
| % Revenue Growth (YoY) | - | (2.0%) | (8.3%) | (37.0%) | - | - | - | - | - | (1.1%) | - | - | (79.7%) | - | - | - | - |
| EBITDA (USD) | (1,377,000) | 205,000 | 626,000 | 871,000 | - | - | - | - | 1,026,000 | 1,387,000 | - | 766,000 | 82,000 | - | - | - | - |
| Operating Income (USD) | (1,397,000) | 160,000 | 582,000 | 841,000 | - | - | - | - | 1,026,000 | 1,387,000 | - | 766,000 | 82,000 | - | - | - | - |
| Operating Margin | (5.2%) | 0.6% | 2.4% | 5.6% | - | - | - | - | 27.8% | 38.0% | - | 38.2% | 20.1% | - | - | - | - |
| % EBITDA Margin | (5.2%) | 0.8% | 2.6% | 5.8% | - | - | - | - | 27.8% | 38.0% | - | 38.2% | 20.1% | - | - | - | - |
| NET Income (USD) | (2,809,000) | (1,087,000) | 499,000 | 822,000 | - | - | - | - | 1,220,000 | 1,407,000 | - | 810,000 | 102,000 | - | - | - | - |
| % Net Margin | (10.5%) | (4.2%) | 2.1% | 5.4% | - | - | - | - | 33.0% | 38.5% | - | 40.4% | 25.1% | - | - | - | - |
easyCar The Car Club - employee data
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