Fundraising Fox

Simplecar

Montclair, US · Founded 2020 · Delaware corporation · 1 known investors

SimpleCar offered a vehicle subscription with a fixed monthly price that bundled a car, insurance, roadside assistance, maintenance, and pickup/drop-off service, with no credit checks or upfront payments. It served everyday drivers such as young professionals, students, and relocating families, but has since shut down after failing to secure scaling capital.

Founders & leadership

Simplecar was founded in 2020 by Alejandro Wolniewitz, Clyde Rankin, and Alex.

AW
Alejandro WolniewitzChief Executive Officer
CR
Clyde RankinCo-founder
A
AlexCo-founder
TB
Taylor BasilioChief Technology Officer

Investors · 1

Reported raises · per SEC filings

Form D private placements

$3.7M disclosed across 1 round · 2023

$3.7MraisedSep 2023 · 8 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Alejandro WolniewitzExecutive Officer, Director
  • Clyde RankinExecutive Officer, Director
  • Taylor BasilioExecutive Officer
Offering amount
$5.2M
Amount sold
$3.7M
Minimum investment
$50K
First sale
Sep 2023
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 6

by search overlap
Free2Move36 shared keywordsFree2move operates a mobility platform where users can make vehicle reservations. The available page is a personal-data extraction (GDPR) request form and offers no substantive detail about the company's products beyond its reservation platform.
Autonomy fka NXCR33 shared keywordsAutonomy is an automotive subscription platform that enables vehicle subscription services as a sustainable business model in automotive retail. The company serves automotive retailers and consumers through flexible, subscription-based vehicle access.
Upshift28 shared keywordsUpshift offers a car subscription service for low-mileage city drivers, with monthly plans of 4, 8, or 12 driving days and rollover of unused days. Insurance, delivery, maintenance, and refueling are included as an alternative to car ownership.
ROAM26 shared keywordsRoam is a Canadian car subscription and long-term rental company offering flexible weekly and monthly vehicle plans, with cars delivered to customers' doors. It serves both consumers and businesses in the Greater Toronto Area and Ottawa, Ontario.
Loopit26 shared keywordsLoopit provides a software platform for flexible mobility and fleet management, supporting car subscription, rental, leasing, and fleet operations for businesses in the automotive industry. It began as a digital-first car dealership and retail car subscription service before building the platform.
Autoweb25 shared keywordsAutoWeb operates an automotive marketplace and research site where consumers can search for new and used cars and read reviews, articles, and buying guides. It also provides performance-based marketing solutions connecting car buyers with dealers.

Companies competing with Simplecar for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does Simplecar do?
SimpleCar offered a vehicle subscription with a fixed monthly price that bundled a car, insurance, roadside assistance, maintenance, and pickup/drop-off service, with no credit checks or upfront payments. It served everyday drivers such as young professionals, students, and relocating families, but has since shut down after failing to secure scaling capital.
Who founded Simplecar?
Simplecar was founded by Alejandro Wolniewitz, Clyde Rankin, Alex in 2020.
Who are Simplecar's investors?
Simplecar's investors include Slauson & Co..
How much funding has Simplecar raised?
Simplecar has disclosed $3.7M raised across 1 round.
Where is Simplecar headquartered?
Simplecar is headquartered in Montclair, US.