Jump to:

Hiyacar hero image
Pre-emption

Hiyacar

Follow

A platform to match car hirers with local car owners and change the way we use cars forever.

View more details of this business.
100%
 - 
Funded 3 Oct 2018
£5,000,032 target
£5,021,985 from 46 investors
More
Less

Business overview

Location London, United Kingdom
Social media
Website www.hiyacar.co.uk
Sectors Automotive & Transport Mixed Digital/Non-Digital B2C
Company number 08690056
Incorporation date 13 Sep 2013
More
Less

Investment summary

Type Equity
Valuation (pre-money) £9.2M
Equity offered 35.28%
Tax relief

EIS

Fundraising history on Seedrs

  • Funding round
    Raised
    Equity
  • 9 Mar 2023
    £1,183,413
    25.52%
    View pitch
  • 21 Jan 2022
    £523,141
    5.17%
    View pitch
  • 18 Mar 2021
    £750,001
    10.02%
    View pitch
  • 17 Jul 2020
    £1,499,999
    42.93%
    View pitch
  • 3 Oct 2018
    £5,020,393
    35.28%
    View pitch
  • 11 May 2018
    £2,489,169
    28.94%
    View pitch
  • 7 Jun 2016
    £196,099
    5.16%
    View pitch
  • 3 Aug 2015
    £300,940
    24.05%
    View pitch
View more details of this business.

Idea

Introduction

HiyaCar is the Airbnb for motor vehicles with all insurance barriers overcome.

HiyaCar is a person to person car sharing platform for car hire between people. It aims to turn the millions of private cars sitting idle on drives and streets into a virtual fleet of cars for hire. This gives hirers more choice, convenience and value for money, whilst car owners are able to turn their car into a second source of income that could even pay for the cost of the car. HiyaCar aims to disrupt the $60bn global car hire industry, which in the UK consisted of 10 million car hires last year.

The HiyaCar platform promotes access over ownership and brings environmental and macro economic benefit as part of the wider sharing economy. This resulted in tax breaks being granted by UK tax authorities, allowing vehicle owners £1,000 of tax free income.

As this is a pre-emption campaign available only to existing investors, limited information is being provided about the company at this time. Additional documents are available upon request under the Documents section, which provide further context for this raise.

Please note, Itochu, the lead investor in this round, will receive Preference Shares which have the right to 1x non-participating preference in the event of a sale, winding up or other distribution. This means that they have a right to receive the higher of:
- 1x their initial investment first (in preference to other shareholders, with remaining proceeds then distributed pro rata amongst ordinary shareholders); or
- their pro rata share of proceeds, alongside all ordinary shareholders.

Open an account to get access to the team members of Hiyacar

Sign up

Already have an account? Log in

To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £9,211,271

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Warning

You are following a link outside of www.seedrs.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

ContinueCancel