20211015_Delimobil_S1_summary.pdf
🤩🤪 Another week another mobility related IPO in the making 📈📉 - this time one of the leading car sharing 🚗 providers in Russia 🇷🇺 published the S-1 filing prior a listing in the US 🇺🇸:
➡️ Delimobil is bigger 🔝 than well known and BMW/Daimler owned Share Now based on trip trip volume
➡️ It’s operating a fleet of close to 18.000 vehicles from Hyundai, Kia, Volkswagen, Mercedes and others
➡️ Business is not profitable so: revenue in first half of 2021 was at around USD 69 million, loss at USD 15 million
➡️ Moscow has the largest car sharing fleet in the world, before Tokyo, Beijing or Shanghai, Delimobil has a market share of 44% in the capital city 🇷🇺
➡️ Market development in Russia is promising 🚀, as public transit 🚉 is not always reliable and car ownership is expensive 💸