S
Splend
Provides eco-friendly and affordable cars to on-demand drivers, so they can focus on earning an income
About Splend
Splend is a UK-based startup that operates in the vehicle rental market, specifically targeting professional drivers such as those working for ride-hailing platforms like Uber. The company offers a unique business model, the 'Flexi own subscription', which allows drivers to rent a car on a weekly basis with the option to eventually own the vehicle. This model is particularly attractive to drivers who do not have the capital to purchase a car outright but wish to own their vehicle in the long run.
The company's pricing structure is clear and affordable, with weekly payments starting from £199. The range of vehicles offered includes both standard and electric models, catering to the increasing demand for eco-friendly transport options. Splend's service is designed to be hassle-free, with cars being PCO-approved and ready to go, making it an ideal choice for both new and experienced PCO drivers.
Splend generates revenue through these weekly subscription fees. The company's competitive edge lies in its flexible terms and the ability to 'try before you buy', which reduces the financial risk for drivers.
In summary, Splend is a flexible vehicle rental and purchase solution for professional drivers, offering a range of affordable, ready-to-go vehicles on a subscription basis.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- London, United Kingdom
- Employees
- 185
- Open positions
- None listed
- Dealroom signal
- 89.9/100
- Industry
- Transportation
- Sub-industry
- Search, Buy & Rent
- Sector
- Transportation, Car Rental, Micromobility, Sustainable Development Goals, Climate Tech, Electric Mobility, EV Services
- Business model
- Marketplace & ecommerce
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GROWTH EQUITY VCOther financing | Jan 2025 | $0 | — | IFM Investors | ↗ |
| DEBTDebt | Dec 2024 | $208M | — | Macquarie · MA Financial Group | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Splend is 120 monthly website visits, down 96.7% over the last three months. Splend's team grew 19.4% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
CEFC - Clean Energy Innovation Fund
Series A2 investors entered at this stage
Investec
Element Fleet Management
Series B and later4 investors entered at this stage
Pollen Street Capital
Macquarie
MA Financial Group
IFM Investors
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Splend on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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