This site uses cookies. By using this site you agree to receiving cookies. View Policy.

Successfully funded
Capital at risk
overfunded
White Car
  • Equity
126%
Raised
£822,610
Investors
506
Target
£650,000
Equity
12.33%
Pre-money valuation
£5,850,000

Whitecar is the UK's leading new car rental brand offering only white Tesla cars at Heathrow, Gatwick, Manchester and Edinburgh airports. Using the latest smartphone technology and first class service, Whitecar has ambitions to expand across major European airports by 2022.

  • 4 outlets opened in first year - next sites outside UK planned
  • Revenue run rate in excess of £600,000
  • Technology is key to differentiate Whitecar's offering
  • Well positioned as EV’s begin to dominate and driverless cars emerge
Information The Whitecar company has closed funds through a subscription that cannot be reflected on the progress bar, and so the funding requirement has been lowered to £650,000. Please see the updates section for further details.

Idea

Why can car rental be such an unpleasant, difficult, opaque and even painful experience?

Not enough staff to cope with peaks, long queues, unexpected and unexplained charges, last minute insurance add-ons, large deposits, unfair administration fees and expensive re-fuelling charges.

Whitecar is changing the rules of hiring a car. Frustrated by several horrendous car hire experiences, the Founder created Whitecar in July 2016. A simple concept of no hassle, no surprises car hire based on One Car, One Colour, One Price.

The car is an all-electric Tesla, the colour is white and the price is currently £149 per day.

Simply pay, arrive and drive.

Whitecar opened at Heathrow in July 2016 with 5 Tesla Model S cars and set out to prove the business case. With 1,828 customers, two of which have become investors and directors, experience proved that there is an opportunity to create significant value for shareholders by expanding the concept across European airports. 3 more airport outlets followed during 2017; Manchester, Edinburgh and Gatwick and the company is ready to scale. Starting with 5 Tesla 90D's, we have a growing fleet of 15 cars and intend to expand to over 900 cars, operating from at least 30 hubs in the UK and Europe by 2022.

We believe the timing is perfect to create a new consumer brand.

*Current price £149 is projected to change to £129 post funding

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7.  Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear.  Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
 
If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.  Crowdcube’s or the Issuer’s press announcements and this information page do not constitute an offer to sell securities of the Company.  Further, it does not constitute a recommendation by the Company, Crowdcube or any other party to sell or buy securities in the Company.
 
By registering or logging into Crowdcube.com to view the investment opportunity, you certify that you are legally entitled to view the investment opportunities, are an authorised investor and you agree to all applicable terms and conditions on this website, including this disclaimer.

To see the rest of the White Car pitch, join now.
It’s free, quick and easy.

Join

Already registered? Log in

To see the rest of the White Car pitch, join now.
It’s free, quick and easy.

White Car

Join to read more information about the White Car team, documents, and what other investors are saying about the pitch.

If you choose to invest we won’t take your money until the pitch closes and you can cancel your investment at any time.

Crowdcube is a leading investment crowdfunding platform

Successfully Invested
£689m+
Registered Investors
748k+