Startup support

Car rental tech firm raises £1.4m for new products

Vision: Biswajit Kundu Roy

Scottish technology start-up Coastr, which enables car hire firms to become fully digitised, has secured £1.4million through London-based investment platform GroVentive to develop new products.

Coastr operates a cloud-based “all-in-one” vehicle rental management platform to deliver innovations such as keyless entry, remote vehicle immobilisation, and real-time monitoring to enable complete control over fleets. 

The Edinburgh-based company plans to launch additional products into the market in 2022 such as on-demand fleet insurance, integrated vehicle financing and connectivity to market aggregators and booking platforms.

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