Istanbul-based Rentiva, known for its “Hit the Road” motto, has raised ₺11.7 million to expand its service to 5 new cities, offering new income opportunities for vehicle owners.
Istanbul-based peer-to-peer car sharing platform Rentiva has achieved significant growth with a recent investment of ₺11.7 million under its belt. The platform connects vehicle owners seeking to earn extra income with renters looking for affordable, nearby, and reliable car rental services. With this investment, Rentiva is poised to expand its service network across Turkiye.
Eren Alkış, CEO of Rentiva, commented, “Peer-to-peer car sharing continues to grow rapidly. We support vehicle owners in covering rising costs and boosting household income. In the near future, we aim to support aspiring car owners with limited budgets by introducing new models. As the only platform offering a safe and easy car rental experience nationwide, the trust and support from our investors mean a lot to us.”
Currently operating with over 170,000 registered members and 30,000 registered vehicles in Istanbul alone, Rentiva plans to launch its services in 5 additional cities soon with the new investment. Contributors to the ₺11.7 million investment round include Erman Kumcu, Orhan Çetin, Mustafa Erdem Demirkol, Elif Palancı, Ahmet Demirel, Can Doğancoşkun, Ömer Yiğit Aykan, Onur Ergönen, Duygu Acar Yücesoy, Gökhan Tataroğlu, Ceyhun Aksan, and Berk Can Köybaşıoğlu.
Rentiva previously secured its initial investment in 2021 from Keiretsu Forum Turkiye, valuing the company at $2.2 million, and received an additional $170,000 in 2022.
Source: Egirisim / Prepared by Irem Yildiz