Central regions | Transport, logistics | Finance, business

Russian start-up offers attractive car subscription services

20 Sep '21
A Russian start-up team called The Mashina is developing a new car subscription service. One can rent a motor vehicle for a month or more, and the start-up takes care of all costs associated with insurance, tax, technical maintenance, and tire shop attendance.

The Mashina was founded last year by Grigory Dudash who once co-founded a team behind an automatic headhunting HR system called Skillaz, and by Eugene Kladovoi, the co-founder of Russias first car subscription start-up, Willz. The new start-up raised its initial $200,000 in September 2020 from Digital Disrupt, a venture fund established by a group of former Moscow government officials who oversaw IT development.

Earlier this year The Mashina raised another $800,000 from the government-owned Internet Initiatives Development Fund (IIDF, aka FRII) and Sistema SmartTeh, a venture fund owned by AFK Sistema, a Russian technology giant.

The global market for car subscription is reported to have had an impressive $3.6bn in proceeds back in 2019 and is expected to hit a $12bn mark by 2027, growing at a CAGR of 23%.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: FRII (8) / car subscription service (0) / The Mashina (0) / Sistema SmartTeh (0) /

Latest News: Central regions
9 Aug '22 | Technology & innovation
1 Aug '22 | Technology & innovation
18 Jul '22 | Energy, utilities | Technology & innovation
12 Jul '22 | Finance, business | Technology & innovation

Feature stories

21 Jul '22
Researchers in Perm, in the West Urals, are reported...
25 May '22
From enhancing the properties of existing materials...
29 Apr '22
Scientists in St. Petersburg have come up with a new...
Search (News archive - 22996)
Technology Scouting Solutions For Industry
Marchmont News

Latest News

16 Aug '22
Siberian scientists have developed new hybrid...
11 Aug '22
Scientists in the Siberian region of Kuzbass have...
10 Aug '22
K-Sky, an IT developer from northwestern Russia, has...

Most read stories from last week

16 Aug '22
Siberian scientists have developed new hybrid...