GoCar Raises €10M To Upgrade & Expand Car-Sharing Nationwide


GoCar Raises

One of Ireland’s leading vehicle-sharing service providers GoCar has reportedly secured a new investment, which the company says is needed for its commitment to providing sustainable and convenient mobility solutions to meet growing customer demand for alternative transport options to private ownership. Based on the press release, GoCar raised €10 million for the expansion and enhancement of its current services across Ireland.

The latest investment will be deployed to support increased vehicle availability and wider vehicle choices for customers throughout the subject market. A source familiar with the press release noted that a total of 280 new vehicles is expected to be added across 149 locations, catering to both urban and rural communities. An expansion that aims to provide users with a broader range of vehicle types, ensuring increased choice and flexibility when it comes to the option of public transport.

GoCar’s fleet has seen a rise from 820 vehicles notably in January 2023 to 930 vehicles in July 2023, with the fresh investment enabling the company to add more than 1100 vehicles in over 600 locations across 24 counties nationwide by year end.

“At GoCar, we believe in creating a community-led approach to mobility, becoming an integral part of the fabric of localities across the country. Our investment reflects our dedication to increasing the availability of sustainable and flexible transport options to meet the evolving needs of our customers. Over the past three years, we have been evolving beyond our legacy urban hubs in Dublin, Cork, Limerick, and Galway and we are committed to making GoCar available in 24 counties across ROI by the end of 2023”. ‘Paul McNeice’, Head of Country for GoCar, said.

Given GoCar raising the said sum, it also plans to launch a new website and app tailored to offer a more innovative and intuitive customer experience. In addition, the company is poised to introduce a new loyalty program, rewarding repeat customers for their continued use of car-sharing services, with a launch planned for late 2023.

Equally, GoCar intends to address the growing demand for electric vehicles in the coming year by collaborating with strategic partners to bolster the expansion of the ‘GoElectric’ range, providing environmentally conscious customers with sustainable transport choices.

Founded in 2008, it should be borne in mind that there will be 1100 GoCar on Irish roads by the end of 2023. As a result, responding to the evolving preferences of its users, GoCar is introducing a variety of new vehicle types to its fleet. These new additions include the ‘GoLocal’ – a small city vehicle perfect for short urban trips, and the ‘GoExplore Plus’ – a spacious SUV catering to families and longer journeys.

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