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1771%
Raised
£17,710
Investors
55
Target
£1,000
Equity
0.21%
Pre-money valuation
£8,290,000

Say hiya to the car next door! Hiyacar’s mission is to change the way we own and use cars. Our online platform allows car owners to rent their cars to vetted drivers, saving time, money and hassle. With over 1,600 cars in London we are fundraising to scale our marketing and keyless tech.

  • Aims to disrupt 'on-demand' car space with billions of annual journeys
  • QuickStart keyless technology has doubled booking/request conversions
  • Insurance comes included- the only UK P2P policy from AXA
  • Business solutions with Councils, Airport, OEMs & Country Estate
Information https://www.crowdcube.com/crowdcube

Idea

Featured in The Times, Sun, Telegraph and Mail, hiyacar is now a friendly community with >50k members, cars in every London borough and the best Trustpilot rating for UK car sharing. They launched the first P2P B2B solution and have agreed to launch an “earn while you fly” scheme with a major airport plus a partnership with a leading car manufacturer.

This is a private pre-emption pitch open to the company's existing investors only. It is therefore not necessary for Crowdcube to approve this pitch as a financial promotion. As Crowdcube has not carried out any due diligence on this pitch, the Due Diligence Charter does not apply. Investors should carry out their own due diligence and take professional advice where necessary. Investors who choose to participate in this funding round should read all available documentation before investing.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Hiyacar (pre-emption) has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.