Growth continues and future is looking bright!
The growth of EkoRent remained strong between February and March, and when comparing the year’s first quarter to the corresponding period last year. The growth is a result from increase both in number of new memberships (+7% from February to March) and rental events.
The number of rental events in March grew by a quarter (24%) from previous month. When comparing the past month to the same month last year, the rental activity has more than doubled (123%). Between the first quarter in 2015 and 2016, paid rental events more than doubled (106%).
On a monthly level the sales grew by a third (33%) from February to March, by over a half from last year’s first quarter (62%), and doubled from March 2015 to March 2016 (99%). In practise, our sales were even higher but the figures are distorted downwards due to customers using the driving time purchased already last year in our first crowdfunding campaign.
During the first quarter, EkoRent has signed contracts on three new shared vehicles that will be delivered in April. These contracts will have a substantial positive effect on our sales starting from May. I believe that the sales figures and revenue from rental operations during the second quarter will clearly overcome the previous ones. I also expect EkoRent to sign multiple new long term deals on shared vehicles during the spring ensuring us fixed monthly income.
Some of our customers have asked if we have plans to expand our fleet with other EV models. Dear friends, at this time I’m able to say that this plan is now in action! This morning we placed an order for Tesla Model 3 signalling our plans on adjusting our fleet according to our needs and wishes from our customers. And we can't wait to test drive this baby!
We are closing to the end of our crowdfunding campaign. We’ve succeeded in funding 70% of our initial goal with over 100 000€. More than 75 crowdfunders have invested in us, which is truly spectacular number. However, we’re still short of our target amount, which means that the following days will be busy campaigning!
We wanted to issue the shares publicly through crowdfunding to provide everyone a chance to become a part of our growth and story. By investing in our company you will also contribute to the mission towards clean transportation and environment. Even though if you now decided to pass this opportunity to become an owner, we would greatly appreciate if you could spread the word of our campaign and help us in reaching our targets!
Sincere Thank You for everyone who have been part of the campaign in some way this far! Let’s make this happen!
EkoRent is the leading company in Finland to offer affordable, easy-to-use, zero-emission car rental and sharing services. All our vehicles are 100% electric and completely CO2 emission free. Shared and rented EVs contribute to better, cleaner city air, and also save money for its users. Additional bonus of using our service is the good feeling achieved of making an eco-friendly decision. .