HiyaCar to Close $1M Crowdfunding Round

U.K.-based peer-to-peer rental platform HiyaCar is poised to close off its latest round of equity crowdfunding with more than 1 million pounds ($139,140,114), Crowdfund Insider reports.

Formerly called “Ascendia Drive,” HiyaCar currently operates with a network of 1,600 cars. The carsharing platform is also insured by AXA, and comes with oadside assistance courtesy of AA.

This latest round of crowdfunding, which consisted of 500 investors, will help scale the startup’s market and further develop its keyless tech.