Digital car ownership for any UK driver who drives or maintains a vehicle, saving them time & money.
Business overview
Location | London, United Kingdom |
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Social media | |
Website | carcloudcommunity.co.uk |
Sectors | Automotive & Transport Digital Mixed B2B/B2C |
Company number | 11397547 |
Incorporation date | 5 Jun 2018 |
Investment summary
Business highlights
- 90k+ & 110k+ drivers joined our market test phase
- 2k+ app reviews with average score of 4.75 stars
- Secured revenue generating contracts: Experian & MSM
- Customer acquisition partnership: Reach Media
Key features
Pitch
About the Campaign
Car ownership is the 2nd largest household spend after mortgages.
Imagine the time & money you could save by having a car industry expert by your side. That's CarCloud!
Making informed decisions is game-changing.
Our services include: critical date reminders, document storage, monthly running cost estimates, finance tracking, equity forecasting, insurance renewals, mid-term & end-of-term finance.
CarCloud digitises vehicle lifecycle management, optimising the cost of car ownership.
Business Model
CarCloud makes money when our customers save time and money.
3 initial revenue channels:
• Car insurance commission.
• Car finance commission.
• Premium account subscription revenues.
CarCloud’s growth model is built to scale rapidly without expensive direct-to-consumer speculative marketing costs.
Through a revenue sharing model with multiple businesses who need problem solving content for their digital audiences, CarCloud is aiming to access the widest car owning demographic, pressing home our first-mover advantage.
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