Information on the Target

ELOOP is an innovative e-carsharing startup based in Vienna, launched in August 2019. The company focuses on providing a sustainable mobility solution through a fleet of electric vehicles, aiming to enhance the quality of urban life by promoting environmentally friendly transportation options. Recently, ELOOP has achieved remarkable growth, reporting approximately 3 million euros in revenue for 2021, a 1500% increase from the previous year. The startup has also developed its proprietary cryptocurrency, ELOOP ONE, which allows users to share in the revenue generated by the fleet.

Industry Overview in Austria

The e-carsharing industry in Austria has witnessed significant advancements in recent years, largely driven by a growing awareness of environmental issues and urban congestion. As cities strive to reduce emissions and enhance public transport alternatives, e-carsharing presents a compelling solution. Additionally, government incentives for electric vehicle use and the increasing availability of charging infrastructure further support the growth of this sector.

With the rise of smart city initiatives in Austria, the demand for sustainable mobility solutions is expected to increase substantially. Many urban areas are prioritizing not only the expansion of e-carsharing services but also their integration with public transportation systems. This ensures that residents have convenient and eco-friendly options at their disposal.

Competition in the e-carsharing market is intensifying, with multiple players emerging alongside established companies. However, ELOOP's unique proposition of incorporating a blockchain-based token for profit-sharing sets it apart from traditional carsharing services, attracting both users and investors focused on sustainability and innovation.

The Rationale Behind the Deal

ELOOP's recent funding round aims to support its expansion into the German market while simultaneously enhancing its vehicle fleet in Vienna. The additional investment, totaling around one million euros, will facilitate this growth strategy, allowing the company to scale operations and potentially increase revenues further. The involvement of notable investors, including Bitpanda's CTO Christian Trummer, underscores the confidence in ELOOP’s business model and growth potential.

Information about the Investor

Christian Trummer, a co-founder and CTO of Bitpanda, brings significant expertise in technology and cryptocurrency to the investment. His support for ELOOP, not only as an investor but also as a user of the service, indicates his belief in the potential for e-carsharing services to improve urban mobility. Furthermore, Trummer's involvement is likely to enhance ELOOP's technical capabilities with insights from the fintech industry.

The European Super Angels Club, a consortium founded in 2017, is also backing ELOOP in this financing round. The club is known for its commitment to fostering European startups and combines resources from multiple investors to support innovative companies across the continent.

View of Dealert

Investing in ELOOP appears to be a strategic decision aligned with the growing trend of sustainable transportation. The startup’s unique integration of a blockchain mechanism with its e-carsharing service presents a novel approach that could capture market interest. Moreover, the significant revenue growth reported further validates the potential for future profitability, making it an attractive opportunity for investors.

As cities increasingly endorse eco-friendly initiatives, ELOOP is poised at the forefront of this movement, with its vision of enhancing urban quality of life through electric mobility. With plans for expansion and a growing user base, the company's future seems optimistic, suggesting that this investment could yield favorable returns.

However, the company must navigate the competitive landscape carefully, ensuring that its service maintains quality and reliability as it scales. Successfully executing its expansion plans while continuing to innovate will be crucial for ELOOP to realize its ambitious goals.

View Original Article