Elmo

Elmo

4G remote-controlled vehicles and environmentally friendly car-sharing in Estonia.

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DateInvestorsAmountRound
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€2.6m

Early VC
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

More about Elmo
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Elmo Remote is a pioneering company in the field of teledriving technology and car-sharing services, founded in Estonia. The company operates in the urban mobility market, focusing on providing road-legal remote driving solutions and a fleet of shared electric vehicles. Elmo Remote serves a diverse range of clients, including urban commuters, businesses, and municipalities looking for sustainable and efficient transportation options. The business model revolves around offering teledriving technology that allows vehicles to be driven remotely, reducing the need for human drivers and making transportation more flexible and cost-effective. Additionally, Elmo Remote generates revenue through its car-sharing services, where users can rent electric vehicles on-demand. The company is committed to green energy solutions, as evidenced by its ownership of PAKRI Smart Industrial City, a green energy ecosystem. This commitment extends to all aspects of their operations, aiming to create a better living environment through energy-saving technologies.

Keywords: teledriving, car-sharing, urban mobility, electric vehicles, green energy, remote driving, sustainable transportation, Estonia, PAKRI Smart Industrial City, advanced mobility.

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