Trive
Offers used car subscription service.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | KRW5.0b | Early VC | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 153 % | 18 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
The Trive Inc., a mobility startup, launched its used car subscription service, Trive, in 2021. The service allows users to drive a variety of used vehicles, including Korean brands and foreign imports, for a monthly fee under a one-year contract.
The platform is designed to offer a hassle-free driving experience. It provides an all-in-one, non-face-to-face service that covers everything from the subscription application to vehicle delivery. The service includes regular maintenance checkups to ensure the vehicles remain in good condition.
Trive utilizes artificial intelligence to determine the subscription price for each used car. This AI-driven approach helps in setting a competitive and appropriate fee for the vehicles on their platform. The business model is centered on the monthly subscription fees paid by the users. The service is currently available in Seoul, Gyeonggi, and Incheon.
Keywords: car subscription, used vehicles, mobility-as-a-service, AI-pricing, vehicle maintenance, premium cars, imported cars, Korean market, subscription platform, hassle-free driving