Envoy Technologies, which operates an electric car-sharing platform, filed on Tuesday with the SEC to raise up to $12 million in an initial public offering.
Envoy Technologies is an electric vehicle-sharing operator and developer of electric fleet technologies. The company provides electric car-sharing as a premium amenity for private properties like apartment buildings, hotels, and workplaces. It also collaborates with cities, municipalities, and non-profit organizations that fund programs to provide electric car-sharing services to broader public communities. The company powers its EV-sharing apps in all its operations through an advanced mobility platform.
The Culver City, CA-based company was founded in 2016 and booked $4 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol EVOY. Envoy Technologies filed confidentially on December 2, 2024. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
