Revolutionizing Car Ownership: The Story of CarCloud in the UK
Car ownership in the UK is becoming increasingly expensive, but entrepreneur Geoff Turral is on a mission to change that with his innovative digital garage, CarCloud. With insurance premiums rising and financing rates doubling, owning a car in the UK is no longer as affordable as it once was. Turral, with his extensive experience in the automotive industry, saw the need for a solution to the fragmented and costly nature of car ownership, leading him to co-found CarCloud.
CarCloud is a digital platform that aims to empower car owners by providing them with a one-stop solution for all their car-related needs. By combining vehicle, driver, and behavioral data with industry insight, CarCloud helps users save both time and money. Through a freemium model, users can access web and app services that streamline processes such as car financing, insurance comparison, and maintenance reminders.
Unlike traditional cost comparison sites, CarCloud focuses on all aspects of car ownership, including fuel, insurance, finance, servicing, and repairs. By partnering with industry leaders like MoneySupermarket and Experian, CarCloud gives users access to a wide range of insurers and finance deals. Additionally, CarCloud offers a unique consumer vehicle equity calculator, allowing users to track the value of their vehicles over time and make more informed financial decisions.
The process of using CarCloud is simple and user-friendly. Users can easily enter their vehicle registration information, create an account, and access their personalized ‘garage.’ With the ability to add up to three vehicles for free, CarCloud has already attracted over 100,000 registered vehicles in just 10 months. The company has raised £1.8 million and recently completed a successful second Seedrs crowdfund, with plans for institutional funding and European market expansion on the horizon.
Overall, CarCloud is revolutionizing the way car owners manage their vehicles by providing a comprehensive and efficient platform that helps them save both time and money. With its strategic partnerships and innovative approach to car ownership, CarCloud is well-positioned for continued growth and expansion in the UK and beyond. Stay tuned for more exciting developments from this game-changing digital garage.