Instacar was founded by seasoned entrepreneur Antonis Samothrakis and Mykonos car rental expert Antonis Zois, marking the beginning of a transformative approach to mobility. Rather than merely identifying a gap in the market, they sought to redefine the car leasing experience. What began as a solution to the outdated and cumbersome process of traditional leasing quickly evolved into a streamlined, digital platform. Instacar simplified the process, transforming what was once a bureaucratic task into an intuitive, mobile-friendly experience.

As a Scale Up Cohort 3 member, Instacar’s vision extends beyond car leasing. The company is positioning itself as a comprehensive mobility platform. Its acquisition of electric bike rental service Kineo highlights its ambition to diversify and expand. Instacar is developing a one-stop app for everything car-related, from renting to servicing to parking, further solidifying Greece's growing influence in the mobility sector. Alongside other innovators like Flexcar and Spotawheel, Instacar is helping lead the country into a new era of transportation.

In 2023, Instacar raised €55 million in a Series A funding round led by Velocity Partners, Autohellas/Vasilakis Group, and the Olympia Group, with Elikonos 2 S.C.A. SICAR joined as a new investor.

Instacar in Three:

What problem is Instacar solving? Instacar simplifies the cumbersome traditional car leasing process into a seamless, digital experience accessible via smartphone.

What’s innovative about Instacar? Instacar merges a user-friendly car leasing platform with a comprehensive mobility approach, integrating services like rentals, servicing, and parking, while also incorporating an electric bike rental service.

Who can use Instacar? Instacar caters to anyone in need of mobility solutions, including individuals looking to lease vehicles or rent electric bikes.