Car sharing platforms are on the rise, and Singapore-based startup Drive Lah is trying to become the "AirBnb for cars".
In a recent announcement, Drive Lah mentioned that the company has secured a $3.2 million funding round led by KFC Ventures.
“The future looks exciting – the mobility market in Asia Pacific is huge and waiting to be disrupted. We recently launched in Australia and expect to expand further in the next 12 months,” Singhal said in a statement.
Key Takeaways
- Drive Lah is less than 2 years old, and has onboarded more than 150,000 registered users.
- The company has grown by over 10x since it raised its previous round of funding back in late 2019.
- Last year, Drive Lah acquired Smove, a Singaporean car sharing platform, and also expanded into Australia.
- Aside from KFC Ventures, other investors include HH VC Investments, Accelerating Asia, and Robin Chase (co-founder and former CEO of car-sharing firm Zipcar).
