Caroo, a Greek car-sharing start-up, has secured €600,000 in funding to expand its fleet and operations in Thessaloniki and Crete, with plans for international growth.

Information on the Target

Caroo, Greece's pioneering free-floating car-sharing service, has recently secured a second funding round, amassing €600,000 to propel its growth initiatives. This funding aims to enhance its fleet in Athens, which is increasingly comprised of eco-friendly vehicles, and to facilitate a strategic expansion into Thessaloniki by the end of the year, followed closely by operations in Crete. The company’s overarching ambition is to broaden its footprint to international cities by 2026, addressing the growing urban mobility challenges in Greece through innovative solutions.

As Caroo continues to scale its operations, it has registered impressive growth metrics, with over 40,000 users and 34,000 completed rentals in just its first year. Each vehicle in its fleet is utilized by 3-6 different users daily, effectively replacing up to 8 private cars, demonstrating Caroo's significant environmental contribution with more than 40 tons of CO₂ emissions saved annually — equating to the carbon footprint of 40 Paris to New York flights.

Industry Overview in Greece

The car-sharing industry in Greece is gaining momentum, responding to rising urban mobility demands and the necessity of sustainable transport solutions. With increasing urbanization, cities are facing critical issues related to traffic congestion, polluti