Amsterdam, April 17. During the last two months, p2p car sharing community SnappCar raised a total of €560,125 ($771,796) from 481 crowdfunders. The Dutch company not only broke the record for equity-crowdfunding, but also proved the potential of collaborative investment in the collaborative economy. The amount raised will be used for SnappCar’s European rollout.
Within a week the initial ambition to raise 100K in funding from the crowd was reached. Because of the enthusiasm of the crowd, the goal was adjusted upward several times. Pascal Ontijd, co-founder of SnappCar: “We have chosen for community funding as it perfectly fits our DNA. Community involvement is crucial in building a viable social enterprise. The crowdfunding success supercharged us with an incredible amount of energy, trust and inspiration to expand our horizon.”
In addition to this financial injection from the crowd, SnappCar aims to close a deal with a larger investment company, in order to fund what is necessary to realize its ambition: 2,5 million cars less in Europe, by 2018. SnappCar aims to have a significant impact, both socially, environmentally as well as economically. Currently, over 40.000 members share 7.500 SnappCars in about 800 places, which makes SnappCar one of the largest players on the European p2p car sharing market.
