EVmo

EVmo

Price comparison and booking of ridesharing and taxi services. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues6.9m7.6m10.2m12.6m57.2m
% growth-10 %34 %23 %355 %
EBITDA(1.6m)(2.0m)(5.0m)(1.2m)-
% EBITDA margin(23 %)(26 %)(49 %)(10 %)-
Profit(3.9m)(3.5m)(15.0m)(7.1m)-
% profit margin(57 %)(46 %)(146 %)(57 %)-
R&D budget<1m-<1m<1m-
R&D % of revenue--2 %2 %-
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DateInvestorsAmountRound
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IPO
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$13.7m

Post IPO Equity
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Acquisition
Total Funding-

Recent News about EVmo

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More about EVmoinfo icon
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EVmo, Inc. operates as a technology-enabled fleet management and rental company, primarily serving the rideshare and delivery industries. The company focuses on providing environmentally friendly vehicle options, including electric and hybrid cars, to gig economy drivers. EVmo's business model revolves around offering affordable, low monthly membership fees and rates, with convenient rental locations and reliable, comfortable vehicles. The company's app-based functionality allows drivers to monitor charge and range, and manage vehicle operations such as engine start, stop, lock, and unlock. By offering incentives and bonuses for using electric vehicles, EVmo helps drivers increase their earning potential. The company generates revenue through membership fees and rental rates, catering to both higher and lower economic categories with innovative policies and programs. EVmo aims to bridge the gap between rideshare drivers in need of suitable vehicles and rideshare companies that rely on attracting and retaining drivers.

Keywords: fleet management, rental company, gig economy, electric vehicles, hybrid vehicles, rideshare, delivery, app-based functionality, incentives, sustainable transport.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.