Skurt, the Los Angeles-based mostly rental automobile supply startup, has raised $ten million in Collection A funding. The spherical was led by Upfront Ventures (which also led a $one.three million seed spherical), and incorporated a strategic financial commitment from BMW, as very well as funding from Troy Carter’s Cross Culture Ventures, Expansion VC, Greycroft and Magic Johnson.
Skurt has an exciting take on the rental automobile field, on both of those the demand and provide aspect.
Prospects ask for a rental on their mobile phone and can have a automobile sent to them within sixty minutes of booking. When they are done, they established up a decide on-up time and another person comes to get the automobile from anywhere they are.
Renters only have to have to be 21, and much more than 80 per cent of Skurt’s customers are millennials. Limitless miles are incorporated with just about every rental rates assortment from just $21 for each day for a sedan to $fifty nine for each day for a luxurious automobile.
Items are also exciting on the provide aspect. Skurt fills their inventory by partnering with fleet house owners — anyone from car producers with excessive inventory to dealerships or standard automobile rental providers.
This model allows them to operate someplace in-between an aged-school automobile rental corporation and a peer-to-peer assistance like Turo or Getaround. They never have to own any inventory, but get to offer customers fleet motor vehicles rather of shopper-owned motor vehicles.
This is a benefit since fleet motor vehicles are usually a great deal much more dependable than a random person’s automobile, due to the regular maintenance and check out-ups they receive. Additionally, all of the cars and trucks on Skurt are a lot less than two many years aged, so you are in no way trapped driving an aged automobile that may possibly split down.
Fundamentally, it is like the variance of booking a area to continue to be on possibly Airbnb or Hotels.com. If you book a hotel, you are practically usually confirmed to continue to be in a space that is up to the benchmarks of a main hotel chain. But if you book an Airbnb, you have no thought what to expect — and even if it is a excellent practical experience, at the end of the day, you are continue to sleeping in another person else’s mattress.
Skurt is at this time functioning in Los Angeles, San Diego and Miami on both of those iOS and Android, and has sent “tens of 1000’s of cars and trucks.” Although the corporation has not named any precise towns, they say they strategy to extend to “other main cities” across the U.S. throughout the following twelve months.