MILES Mobility GmbH

MILES Mobility GmbH is a Berlin-based company specializing in providing flexible urban mobility solutions through car sharing and rental services, catering to both individuals and businesses. Founded in 2016, MILES Mobility GmbH operates in the mobility sector, offering on-demand car rental services. The company was established by Alexander Eitner, Florian Haus, and Timo Nuhrich, with Oliver Mackprang serving as the CEO. MILES has successfully raised a total of EUR 5.

000 mn across multiple funding rounds, securing EUR 5. 000 mn in its most recent Series A funding round on January 13, 2022, with participation from investors including Flash BV, Inventure Partners, Team Europe, Weller Venture Capital GmbH, and WestTech Ventures. The company is headquartered in Berlin, Germany. MILES offers a diverse range of mobility solutions focused on car sharing and rental services.

Their services include access to over 21,000 vehicles, ranging from compact city cars to spacious vans, which can be rented on-demand for periods between three hours and fourteen days. The MILES app allows customers to easily rent vehicles, with pricing starting at EUR 0. 79 per kilometer, promoting sustainable transportation options without the need for long-term commitment. In the year 2022, MILES generated a revenue of EUR 95,545,985.

50, with an EBITDA of EUR -666,110. 60, reflecting their business activities in the mobility sector. MILES Mobility GmbH plans to leverage its recent funding from January 2022 to enhance its service offerings and expand into new markets. Specific markets targeted for growth include additional European cities, aiming for expansion by the end of 2023.

The company is also focused on developing new products and features within its app to improve user experience and increase customer retention.