Borrow - JoinBorrow.com - is an automotive subscription service delivering inclusive all-electric car access for 3, 6 or 9 month terms.
Business Model: B2C
Revenue: $0
Employees: 11-50
Address:
City: West Hollywood
State: California
Zip:
Country: United States
Launched in August 2017, Borrow (joinborrow.com) is a flat-fee short term car leasing service. With its proprietary subscription platform, Borrow enables customers to ‘subscribe’ to three, six, or nine month renewable subscriptions to a pre-owned electric vehicle as well as take advantage of an engaging mix of concierge services, partner deals, perks, treats and discounts available over the lifetime of the subscription. Borrow is perfect for consumers relocating for work or school who need short-term transportation, those looking for an inexpensive alternative to ride-sharing and individuals who don’t want to commit to a traditional years-long automotive lease. Borrow&s;s lineup of electric vehicles give users an array of models to choose from depending on the specific lifestyle and financial needs of each user. Signing up is simple and with just a few steps on the Borrow website, Borrow&s;s users can choose to subscribe to a variety of electric vehicles at all different price points -- no stressful dealership visit, large sums of money for down payments or the hassle of insurance and DMV services. Borrow&s;s service simplifies the complexity of automotive acquisition, ownership, and maintenance through its premium all-electric service.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 4/2020 | Debt Financing | $100k | 6/2017 | Seed Round | 1 | $190k |
Mucker Capital Mucker Capital |
10/2015 | Pre Seed Round | $30k | 9/2016 | Seed Round | $25k | 1/2019 | Seed Round | 1 | $50k |
Third Sphere Third Sphere |
2/2019 | Seed Round | $25k | 7/2020 | Equity Crowdfunding | 1 | - |
Bay Wharf Capital Bay Wharf Capital |
10/2019 | Debt Financing | $500k | 11/2018 | Seed Round | 2 | $100k |
URBAN-X Third Sphere URBAN-X URBAN-X Third Sphere URBAN-X |
12/2018 | Debt Financing | $425k | 11/2017 | Debt Financing | $100k | 1/2016 | Angel Round | $25k | 6/2019 | Seed Round | 2 | $50k |
Erhan Bilici Third Sphere Erhan Bilici Third Sphere |
11/2015 | Pre Seed Round | $100k | 10/2016 | Angel Round | $75k | 7/2020 | Equity Crowdfunding | 1 | - |
Bay Wharf Capital Bay Wharf Capital |
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