Carbar
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 2.8m | 3.6m | 7.8m | 9.7m | 9.7m | 9.7m |
% growth | - | 29 % | 117 % | 24 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | AUD20.0k | Seed | |
N/A | $5.8m | Early VC | |
* | AUD16.8m | Series B | |
* | AUD50.0m | Debt | |
* | AUD28.9m | Late VC | |
Total Funding | $35.4m |
Related Content
Recent News about Carbar
EditCarbar is an Australian company that offers flexible car subscription services, catering to individuals and businesses seeking an alternative to traditional car ownership. Operating primarily in the Australian market, Carbar provides a comprehensive package that includes insurance, registration, servicing, and roadside assistance, allowing clients to focus solely on driving. The business model revolves around a weekly subscription fee, which covers all associated costs except for fuel and tolls. This model appeals to clients who prefer flexibility, as subscriptions can be modified or canceled with just two weeks' notice. Carbar generates revenue through these subscription fees and offers additional incentives for customer referrals. The service is particularly attractive to those who want to avoid the financial burden of car depreciation, interest, and maintenance costs. Carbar's target market includes young professionals, families, and businesses looking to manage their vehicle needs without long-term commitments.
Keywords: car subscription, flexible plans, insurance included, registration included, servicing included, roadside assistance, no long-term commitment, weekly payment, Australian market, customer referrals.