Details

Last Funding Type

Debt Financing

Last Funding Money Raised

$425K

Industries

Automotive,E-Commerce,Electric Vehicle,Internet of Things,Lifestyle,Subscription Service,Transportation

Founded date

Jan 1, 2015

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Borrow - JoinBorrow.com

Also Known As

Prazo,PrazoCars,PrazoNow

Launched in August 2017, Borrow (joinborrow.com) is a flat-fee short term car leasing service. With its proprietary subscription platform, Borrow enables customers to ‘subscribe’ to three, six, or nine month renewable subscriptions to a pre-owned electric vehicle as well as take advantage of an engaging mix of concierge services, partner deals, perks, treats and discounts available over the lifetime of the subscription.

Borrow is perfect for consumers relocating for work or school who need short-term transportation, those looking for an inexpensive alternative to ride-sharing and individuals who don’t want to commit to a traditional years-long automotive lease. Borrow's lineup of electric vehicles give users an array of models to choose from depending on the specific lifestyle and financial needs of each user.

Signing up is simple and with just a few steps on the Borrow website, Borrow's users can choose to subscribe to a variety of electric vehicles at all different price points -- no stressful dealership visit, large sums of money for down payments or the hassle of insurance and DMV services.

Borrow's service simplifies the complexity of automotive acquisition, ownership, and maintenance through its premium all-electric service.