Airbnb for Cars Company Ascendia Captures Over £200,000 in Less Than Two Weeks on Seedrs

Ascendia Drive, a Maidstone, UK-based airbnb for cars, has launched an equity crowdfunding campaign on Seedrs to secure £140,000 to disrupt the $60bn car hire industry.

Ascendia 2Ascendia is described as a peer-to-peer car rental platform that allows users to own their driving experience, without owning the car. It helps drivers to find, review and rent cars they could or would not usually buy.

The company revealed that it also allows owners to list and “let out” their cars, which may otherwise be sat on a driveway, costing money but not seeing much use. Now car owners can generate additional income on every hire.

Founders of Ascendia Drive, Graeme Risby and Rob Larmour, recently stated to Insider Media:

Graeme Risby and Rob Larmour“The support we have received from family, friends and public in such a short space of time has been more than we expected but this has confirmed that by creating a community of car owners and car hirers we are able to change the way people use transport forever. With crowdfunding, it is great that the local community can be part of our company and part of the incredibly journey that lies ahead in filling a very obvious gap in the market.”

Larmour noted the company plans to overfund and use the additional investment to “bolster our marketing efforts with the aim of reaching our goals quicker.” He also told another media outlet:

Ascendia 1

“Our online platform will give members the ability to choose the right car for the right journey, giving them freedom, flexibility, convenience and value. It also gives the car owners some additional income. Our crowdfunding campaign on Seedrs ended really strongly and the feedback has been very positive.

“We are both from Maidstone so would love the local community to be part of our company and part of the incredible journey that lies ahead in filling a very obvious gap in the market.”

Since its launch, the campaign has captured over £200,000.

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