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European vehicle leasing comparison startup — or self-styled metasearch engine — Happycar has actually raised an innovative new $1.58 million round of investment. Notable backers consist of international Founders Capital, the venture supply of German startup factory and e-commerce behometh Rocket online. Abnormally, however, GFC is not leading the round.

That honour goes to Capnamic Ventures, with participation from hour Ventures (Venture Capital firm regarding the Hahn Air Group), Swoodoo founder Wolfgang Heigl, George Hadjigeorgiou (HouseTrip CEO), Teodoro D’Ambrosio (previous Bravofly, today Hotelscan CEO) and Dreamlines founder Felix Schneider. It brings complete funding for Hamburg, Germany-based startup to about $3.2 million as it was created in 2013.

Running committed websites for Germany, France, Spain, Italy, Poland while the Netherlands, but focusing on car rentals worldwide, Happycar is an average metasearch engine play. It partners with more than 250 intercontinental and regional automobile rental businesses to allow you search and compare offers in order to find a cost. Along with cost, you can also filter outcomes by types of automobile and insurance coverage plans.

“Instead of having to scan various vehicle leasing providers’ websites to discover the best price and gives, Happycar enables clients examine various provides from vehicle local rental providers using one platform with a comprehensive and transparent overview, ” Alexander Wessels, Managing Partner of Happycar, tells TechCrunch.

“As a metasearch motor Happycar provides consumers an extended transparency of provides showing insurance packages, kilometer costs and one-way costs, among many more. By giving an easy, user-friendly booking process and a free customer support hotline whenever any questions occur, we make sure our customers will enjoy an inconvenience no-cost local rental car trip. To Summarize, consumers take advantage of HAPPYCAR by preserving time and money.”

Wessels says Happycar’s clients span both company and leisure people. “We have actually two primary types of consumers, ” he says. “One is the business traveler who typically rents an automobile from airport or perhaps the primary train station and falls it well after 2-3 times. Others is the leisure traveler who would like to have the freedom that a car or truck provides during his or her getaway. This buyer typically accumulates the car during the local airport at his/her travel destination and keeps it one week, ten days or even two weeks.”

At the same time, much like any other cost contrast web site or metasearch engine, Happycar takes a commission on every reservation made via its web site. Wessels alludes to competitors as any business providing vehicle rentals but explains that many of these exact same businesses are partners too.

“ultimately, we are contending with other businesses that provide accommodations vehicle service right or ultimately to an end-customer. But in this company environment it is really not a primary competition as these organizations are mostly close lovers of Happycar once we tend to be showing their leasing automobile offers on our web site which help all of them to create extra revenue, ” he claims.



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