Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Top tech stats: Virgin’s business predictions, developers have their say and more

FinTech

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital

Sponsored

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

Elevator Pitch: GoCarShare – Startup of the Week

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

 

 

Meet Drummond Gilbert from goCarShare our Startup of the Week

Welcome to the first episode in our the Elevator Pitch series 2.

How to create the perfect pitch deck for an investor

Every week we’ll publish a 30 second pitch from 12 leading startups from across London. In this series we took the founders to the River Thames, aboard Canary Wharf’s speedboat for the most exciting pitch of their lives.

The airbnb of car seats

There are 38 million empty car seats traveling across our roads each year. goCarShare helps to find passengers for those empty seats through its online marketplace.

So far they’ve registered 20,000 users from across the UK.

drummondFounder and CEO Drummond [pictured right] is passionate about music and came up with the concept after attending festivals across the country.

He qualified as an accountant with KPMG, but has always had dreams about starting his own business.

Transport to and from major music festivals is a headache for many event organisers, so goCarShare started out by partnering with Glastonbury, Latitude and others.

Drummond told Tech City News the festivals love offering incentives for car sharers, including priority parking closer to the event stages.

Crowdfunding on Seedrs

The main revenue model behind the service will be a 15% cut on all passenger fees booked through the site.

To further develop the platform, the team are currently crowdfunding £50,000 for a 7.5% equity stake in the business on Seedrs. At the time of writing they’d already achieved 83% of their target. Over 100 people have backed the startup through Seedrs.

Expanding into new markets

With the new academic year approaching the team will be touring freshers fairs across the country, hoping to attract students shuttling back and forth from home to campus to the service.

They’re also exploring partnering with sports events. Over the next couple of months they also plan to use the crowdfunding investment to build a mobile app and increase their userbase.

Check back next Tuesday for the next episode of the Elevator Pitch

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

  • Helping people find spare seats on speedboats. A future revenue stream perhaps?

Editor's picks

startup tech laptop

Top tech stats: Virgin’s business predictions, developers have their say and more
posted on July 22, 2017

Aire Team picture June 2017_9

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital
posted on July 21, 2017

Tech Chats June - digital mobility

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport
posted on July 21, 2017

mobile phone

London machine learning startup Sportr closes $350k Seed round
posted on July 21, 2017

The Week in Tech

A $170m tech fund, a drowning robot and more in The Week in Tech
posted on July 21, 2017

Graphcore founders Nigel Toon CEO (right) & Simon Knowles CTO (left)

Bristol-based Graphcore raises $30m from backers including DeepMind co-founder and Atomico
posted on July 20, 2017