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Scottish Vehicle Rental Platform Coastr Picks Up £1.4M Funding; Eyes To Launch More Products In 2022

Sep 21, 2021•about 4 years ago

Amount Raised

£1.4 Million

Round Type

seed

Edinburgh

Description

Coastr’s is an Edinburgh-based all-in-one vehicle rental management platform, which enables independent vehicle rental businesses to become fully digitised. Today, the startup picked up £1.4 million funding from a London investor GroVentive.

Company Information

Company

Coastr

Location

Edinburgh, Scotland, United Kingdom

About

Bruno Pannetier, Chief Investment Officer at GroVentive, said: “We are excited to have provided such significant investment into an extremely exciting business and we are looking forward to supporting Biswajit and his team on their high-growth plans over the next few years.”Connected vehicle technologiesCoastr was founded by a former Technology Strategist at PwC, Biswajit Kundu Roy in 2018. While Coastr is targeting the UK and Europe in two years, its technology is also being trialled outside Europe. Coastr’s is an Edinburgh-based all-in-one vehicle rental management platform, which enables independent vehicle rental businesses to become fully digitised.