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CarHopper Secures $1.5M Seed Round

       
MIAMI, FL, CarHopper, the first online booking platform for luxury and exotic car rentals, announced today it has closed $1.5 million in seed funding.
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The funding will be used to fuel CarHopper's launch into four new markets, including Los Angeles, Las Vegas, Miami and San Francisco. CarHopper is now available on the web, iOS and Android apps in exclusive cities, with plans to continue U.S. expansion over the next year.

Search by date, destination or car, CarHopper instantly filters for luxury cars available in selected destination and compiles results into a curated list. Users can then select the car, confirm the reservation, and submit a final request to rent a vehicle in just 60 seconds. CarHopper vets renters before fleet owners receive the reservation request by conducting a driving record check.

The biggest issue consumers have with the luxury car booking process is the lack of consistency and access. CarHopper is committed to transforming the industry's traditional business model with a trusted marketplace of luxury cars that seamlessly connects quality suppliers with consumers.

"We work directly with the best luxury car suppliers in each city to provide customers with a more seamless experience," said Bora Hamamcioglu, founder and CEO at CarHopper. "With CarHopper, people can book anything from BMWs to Bentleys to Lamborghinis. We see enormous potential here to provide luxury travelers with the same level of premium service experience they'd expect in any other aspect of life."

According to Zio Market Research, the global luxury car rental market accounted for $8.2 billion in 2014 and is forecasted to surpass $23.2 billion by 2022. CarHopper aims to streamline the luxury car rental experience by providing a new business-to-consumer marketplace. Unlike its competitors, CarHopper connects renters with vendors directly, rather than offering vehicles owned by individuals in the peer-to-peer market. By partnering with world-class luxury car rental suppliers in top U.S. cities, CarHopper is ensuring a seamless, consistent, and quality experience for users across all channels.

For more information or to book online, please visit www.carhopper.co.

About CarHopper
CarHopper is the first online booking platform for luxury and exotic car rentals.

Available in Los Angeles, Las Vegas, Miami and San Francisco, CarHopper's iOS and Android apps and website give users access to the most desired cars in the world. From BMWs to Bentleys, CarHopper allows users to book luxury cars in less than 60 seconds. By providing a streamlined way of booking unique cars in top destinations, CarHopper is centralizing the luxury car rental experience. For more information, please visit www.carhopper.co.
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