Delimobil Holding, a leading Russian car-sharing firm with a fleet of nearly 18,000 vehicles, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Delimobil is a leading shared mobility provider in Russia in terms of geographic presence, fleet size, number of trips in Moscow, and revenue growth, as well as a first-mover in car subscription services. Its MAU increased from 270k in 2019 to 461k in the 9mo21. The company operates under two principal business lines: free-floating car sharing under the brand "Delimobil" and car subscription for long-term rentals under the brand "Anytime Prime." As of September 30, 2021, Delimobil's car sharing fleet comprised almost 18,000 vehicles across 11 cities in Russia and Anytime Prime's long-term car rental fleet consisted of almost 600 vehicles. Delimobil's car sharing fleet is composed mostly of economy class vehicles, including VW Polo, Fiat, Hyundai Solaris, Renault Kaptur, and Kia Rio.
The Luxembourg-based company was founded in 2015 and booked $125 million in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol DMOB. Delimobil Holding filed confidentially on July 19, 2021. BofA Securities, Citi, VTB Capital, Banco Santander, Renaissance Capital, and Sberbank are the joint bookrunners on the deal. No pricing terms were disclosed.
