Mobacar valuation hits €20m

€4m buy-in from Auto Europe

27th September, 2015
Mike Webster, chief executive, Mobacar Picture: Norman McCloskey

Kerry-based travel technology company Mobacar has received an estimated €4 million in new investment from global car rental brokerage Auto Europe and venture capital fund Delta Partners.

The move values the Killarney-headquartered company led by Mike Webster at €20 million. Mobacar, which already employs 30 people, plans to hire 11 more staff.

Webster, the chief executive of Mobacar, said his company planned to hire data scientists, developers and business development experts to work on his business’s “intelligent...

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