Eloop: Investment in the millions and 200 new Tesla Model 3s for Vienna

Eloop: Investment in the millions and 200 new Tesla Model 3s for Vienna

The Viennese e-car sharing start-up Eloop (formerly Caroo Mobility) is benefiting from a seven-figure investment. In return, a subsidiary of the Graz-based C&P Immobilien AG and the Luxembourg fund of the European Super Angels Club are investing in the sharing provider.

Launching in August 2019, Eloop is an e-sharing-only provider that has brought Tesla Model 3, BMW i3, Renault Zoe and Smart EQ models to Vienna's streets, with the number of registered users of the free-floating service standing at around 15,000, according to the provider.

Going forward, Eloop's primary goal is to meet the high demand for Tesla vehicles. The duo's investment is expected to secure the further expansion of Eloop's fleet by more than 200 Tesla Model 3s, which are expected to join the first 70 Tesla Model 3s already in operation since early April this summer.

For the end of the year, Eloop is also planning to expand into Germany, with Munich, Hamburg or Berlin being mentioned as its first presence. "The investment enables us to further expand the existing e-car fleet in Vienna as well as to complete our expansion into the DACH region more quickly," expresses Leroy Hofer, CEO and co-founder of Eloop. The investment also brings a lot of know-how to the company, as C&P AG - a specialist in the field of investor apartments in the private customer segment - recently expanded into Germany itself. And the fund of the investor network European Super Angels Club is managed by Venionaire Ventures Sárl, a partner with a "strong network in the crypto, tech and startup scene". Eloop is currently already working with its own so-called crypto token, which enables a revenue share in the car sharing income.