Awto

BrazilSaaS

Awto is a mobility startup that offered flexible vehicle rental (car sharing) services, allowing users to rent cars on a short-term, pay-per-use basis. The company operated in Chile and Brazil, targeting individual customers seeking convenient, on-demand access to vehicles without ownership. In 2022, Awto reported revenue of US$9 million, with a target of US$14 million for 2023. It raised a Series B round of US$25 million and an earlier round of US$6 million. However, Awto announced the closure of its operations in March, ceasing all activities by April 30, citing challenging economic conditions and shifting market demand.

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