Austrian Carsharing Startup Receives €1 Million Investment to Purchase Tesla Model 3s

Photo: Eloop

The Austrian car-sharing startup Eloop has received €1 million in investment to replenish its car fleet with Tesla vehicles. By the summer of 2021, 200 Model 3s should be on the roads of Vienna.

Subsidiary C&P Immobilien AG of Graz and the European Super Angels Club (ESAC), operated by Venionaire Capital, are acting as investors for the Viennese startup Eloop and are investing €1 million to buy over 100 Tesla Model 3s. “It's cool when you find investors who have made the journey and brought something international from scratch,” Leroy Hofer, one of the co-founders of Eloop, told Trending Topics.

In early March, the company launched a token sale to tokenize two Tesla Model 3s. However, this approach was not enough to buy hundreds of cars. “Selling tokens was a great way to grow the park, but to get things going even faster, it was necessary to raise venture capital,” Hofer said.

The company currently owns over 70 Tesla Model 3s and is awaiting delivery of more. According to the plan, by the summer of 2021, Eloop will bring 200 Model 3s to the roads. “We have already ordered most of the cars. It is ambitious, but real, that this summer we will already have 200 cars on the roads in Vienna,” said Hofer. "In Austria, we are probably the largest importer of Tesla vehicles this year," he added.

But the Eloop team does not intend to stop there: as soon as Vienna is conquered, the expansion must take place in Germany. Hofer said that at the moment there are plans to launch the service in Munich, Hamburg, and Berlin, and then throughout Europe.

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