Business Forum • 12 April, 2024 at 7:41 PM
ELEC, the Romanian electric ridesharing platform, has attracted over €1 million in investment funds to become an electromobility ecosystem. With these resources, ELEC will develop its own software and integrate ridesharing, rent-a-car, and electric charging services into the same platform.
Last year, the company conducted a fundraising campaign on the crowdfunding platform Ronin, raising €200,000 from private investors. Additionally, ELEC secured a €500,000 investment from an individual investor and forged a strategic partnership worth €500,000 with Ecomotive. These funds will enable the company to revolutionize the mobility industry and offer a sustainable, efficient, and accessible electric transport solution.
Alex Manea, the founder of ELEC, stated, "These funds demonstrate the confidence and enthusiasm of individual investors in our vision and mission. We aim to transform traditional transportation and ensure that electric mobility is not just an alternative but becomes the preferred choice for the majority. For this to happen, electric mobility options need to become more accessible and attractive to the general public."
Currently, the company offers ridesharing services with a fleet of over 200 exclusively electric cars, most of which are less than 4 years old, and a network of 5 charging stations, including 3 high-power ones, currently accessible through the Renovatio platform. The ELEC service is 100% electric, emission-free, without old cars, and without surge pricing. By the end of 2024, the ELEC app will encompass 3 lines of business: Ride, Rent, and Charge, with multiple integrations: Cross Promo, Smart car virtual garage, and web3.
"Our desire is to address some of the increasingly pressing issues of traditional transportation: environmental impact, inefficiency of unintegrated services, and the general public's inaccessibility to electric mobility. Ecological transport is not the future but the present, and we are excited to be part of this movement," added Alex Manea.
How ELEC works:
- Download the ELEC app on your phone and create an account.
- After setting your destination, the app will display the trip price.
- You can select Tesla, Cool, SUV, or Comfy service.
- An electric car will arrive at your location shortly.
- You can pay cash, card, or through the in-app wallet for better expense control.
- At the end of the trip, you will receive an electronic receipt via email.
ELEC is a cleantech startup offering ridesharing services with exclusively electric cars. With a fleet of over 200 vehicles, ELEC has managed approximately 80,000 rides, covering 320,000 kilometers, resulting in a reduction of approximately 80 tons of carbon emissions. By the end of 2024, ELEC will become an electromobility platform, offering ridesharing, rent-a-car, and electric charging services in the same app.