MILES Mobility
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | <1m | 1.0m | 6.4m | 22.8m | 46.2m | 90.7m | 146m |
% growth | - | 900 % | 543 % | 255 % | 102 % | 96 % | 61 % |
Profit | - | (1.0m) | (6.9m) | (4.1m) | (4.1m) | (2.0m) | - |
% profit margin | - | (104 %) | (107 %) | (18 %) | (9 %) | (2 %) | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Angel | ||
* | €5.0m | Series A | |
N/A | Angel | ||
N/A | N/A | Series C | |
N/A | - | ||
Total Funding | €5.0m |
Related Content
Recent News about MILES Mobility
EditMILES Mobility GmbH is a carsharing service provider operating in major German cities such as Berlin, Hamburg, and Potsdam. The company offers a flexible and user-friendly carsharing model where customers can rent vehicles on a per-kilometer basis, making it cost-effective for short and long trips alike. MILES Mobility serves a diverse clientele, including urban residents, tourists, and businesses needing transport solutions. The company’s fleet includes a wide range of vehicles, from compact cars to premium models and transporters, catering to various transportation needs.
MILES Mobility operates in the urban mobility market, which is rapidly growing due to increasing urbanization and the demand for flexible, eco-friendly transportation options. The business model is based on a pay-per-use system, where users are charged based on the distance traveled rather than time, providing a transparent and predictable pricing structure. Revenue is generated through rental fees, which include an unlock fee and a per-kilometer charge, as well as additional services such as daily rates and partnerships with other mobility providers.
The company leverages technology to enhance user experience, offering a mobile app for easy vehicle booking, unlocking, and payment. MILES Mobility also emphasizes sustainability by including electric vehicles in its fleet and promoting carsharing as a means to reduce urban congestion and pollution.
Keywords: carsharing, urban mobility, per-kilometer pricing, diverse fleet, premium vehicles, transporters, German cities, flexible transportation, eco-friendly, technology-driven.