Motor

Motor

Electric car subscription service offering easy at-home charging and ongoing concierge support. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD38—57m (Dealroom.co estimates Feb 2023.)
Arlington West Virginia (HQ)

Financials

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Revenues, earnings & profits over time
USD2023
Revenues2.3m
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DateInvestorsAmountRound
*

$7.0m

Series A
Total FundingCAD9.5m

Recent News about Motor

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More about Motorinfo icon
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Motor is a startup focused on accelerating the adoption of electric vehicles through a subscription-based model. Operating primarily in the clean energy and electric vehicle market, Motor serves environmentally-conscious consumers who are interested in transitioning to electric cars without the traditional hassles of vehicle ownership. The business model revolves around a monthly subscription fee that covers the use of an electric vehicle, at-home charging solutions, and ongoing concierge services to ensure a seamless user experience. Motor generates revenue through these subscription fees, providing a cost-effective and convenient alternative to purchasing or leasing electric vehicles. By simplifying the process of switching to and maintaining an electric car, Motor aims to reduce harmful vehicle emissions and promote cleaner, greener transportation solutions.

Keywords: electric vehicles, subscription service, clean energy, at-home charging, concierge support, vehicle emissions, green transportation, electric car adoption, seamless user experience, environmentally-conscious consumers.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.