Friday 01 July 2022

Dutch car sharing platform SnappCar takes over Danish peer

snappcarDutch car sharing platform SnappCar is taking over Danish peer Minbildinbil in what the company says is a ‘new, important step towards conquering Europe’.

Minbildinbil has some 20,000 participants and 2,500 cars on its books, according to a SnappCar blog post. The takeover brings SnappCar’s total community to 100,000 people and 12,500 cars.

SnappCar founder Victor van Tol says there is a lot of potential for growth in Denmark. ‘The Danes are open-minded and progressive in terms of mobility,’ Van Tol said. ‘They see the practical and social advantages of sharing cars and, more than that, are actually prepared to share their vehicles.’

SnappCar wants to have 250,000 cars on its books by 2018 and is focusing on urban areas in north western Europe to reach this.

The takeover has been financed by the sale of shares to Danish investment fund Founders. Founders is the third investor for SnappCar. The company raised €560,000 through crowdfunding last year and ethical investment fund PYMWYMIC also has a stake.

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