Elmo Rent AS
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Elmo Rent AS - overview
Established
2013
Location
Tallinn, -, Estonia
Primary Industry
Transportation Services
About
Founded in 2013 by its CEO, Enn Laansoo Jr, and based in Tallinn, Estonia, Elmo Rent AS, offers services in the provision of environmentally friendly vehicle-sharing services and the development of related innovative technologies, such as a vehicle fleet IT operation system, a car controller, and remote-controlled vehicle technology. In April 2023, Elmo Rent AS raised EUR 2. 6 million in venture funding from investors Barolo Invest, FlyCap, Highgoal Capital, and Saggis. As of 2023, the company is listed on Nasdaq under the ticker symbol, ELMO.
The company offers a road-legal technology platform used for fleet management, advanced mobility solutions by delivering cars remotely. The company also provides a fleet of automobiles for car sharing, renting, shuttle service, and robotaxis delivery of vehicles directly to customers. The company plans to use the April 2023 funding to speed up the licensing of its remote control technology in foreign markets as well as expand its workforce.
Current Investors
FlyCap, International Growth Capital, Highgoal Capital
Primary Industry
Transportation Services
Sub Industries
Public Transit/Transportation, Car Hire Services, Scientific Software, Sales & Marketing Software, Analytics & Performance Software
Website
www.elmoremote.com
Verticals
Artificial Intelligence, Artificial Intelligence
Company Stage
Early Stage
Total Amount Raised
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