FlightCar, Inc.

FlightCar, Inc. specializes in a unique car-sharing service that enables travelers to rent their vehicles while they are away, providing a convenient and economical solution for airport parking and vehicle usage. Founded in 2012 and headquartered in San Mateo, US, FlightCar, Inc. operates a peer-to-peer car rental service.

The company has raised a total of USD 20. 72 mn through 6 funding deals, with the most recent being a SERIES B round on September 18, 2015, led by investors including Booking Holdings, Inc. and Tencent Investments. FlightCar was founded by entrepreneurs with prior experience in launching and managing startups, although specific names are not publicly detailed.

The company has maintained a consistent operational focus since its inception, with no major pivots or changes in its business strategy reported. FlightCar offers a car-sharing platform that connects travelers needing parking at airports with car owners looking to rent out their vehicles. This innovative service includes features that enhance the user experience, such as advanced booking systems and customer support tailored to various user needs, focusing primarily on North American and European markets. Their platform allows for streamlined processes, real-time data analysis, and improved decision-making for both renters and vehicle owners.

FlightCar's revenue model is built on subscription-based services and direct sales to users, where clients typically enter annual contracts for accessing the car-sharing platform. Pricing tiers cater to different organizational sizes, fostering scalability. Direct sales interactions are conducted with clients, allowing for tailored agreements that align with specific user requirements. This model supports recurring revenue streams and encourages long-term partnerships.

In September 2015, FlightCar raised USD 20. 72 mn in SERIES B financing, which will be allocated towards developing new features for their platform and expanding into additional airport markets. The company is targeting growth in both North American and European regions by the end of 2016, leveraging recent investments to enhance their service offerings and increase market penetration.