Texas-based electric vehicle subscription service, Ferry, has announced its raising of $4 million (€3.5 million) in seed funding, from Porsche heir Toni Piëch's AMYP Ventures, Venn Ventures, and angel investors Adam Forst and Lisa Besserman.
This achievement was celebrated by the company’s Chief Product Officer Matthew Zammit, who stated that the funding brings the company into its second phase.
“Today I want to thank everyone who contributed to this important milestone. It’s only been nine months,” he exclaimed.
Ferry’s mission is to make electromobility “understandable, affordable, easy and accessible to everyone.”
To do so, it offers all-electric, short-term car and motorcycle leases with “no down payment, hidden fees or hassles,” delivered straight to customers' doors. It does all of this via its app.
Mr Zammit was appointed to the company in May of last year, after founding his own product and marketing consulting firm for startups – Know Your Social – in 2016.
During his impressive career, he also spent stints at Vodafone Malta, Computime Ltd, and played a role in the founding of Timebox Solutions and HelloAdam.xyz.
To the Ferry product team, he said: “You’re all superstars and I’m so grateful to get to spend time with you. I cannot wait to see the future we create together.”
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