Delimobil Raises $75M in Pre-IPO Funding

Delimobil, a Russian car-sharing company, raised $75m in pre-IPO funding.

VTB made the investment buying a stake of around 15% in the company ahead of its planned listing in New York.

The company intends to use the funds to continue to expand operations and its business reach.

Delimobil is one of the largest carsharing organizations with a fleet of over 15,000 vehicles and more than one million members. The service is available in Moscow, Saint Petersburg, Nizhniy Novgorod, Ekaterinburg, Samara, Kazan, Novosibirsk, Krasnodar and Tula.