AS ELMO Rent
ELMO Rent AS is an Estonian company founded in 2013. Its main field of activity involves providing green vehicle sharing services and developing, launching, and scaling related green and innovative technologies. Here are some key points about ELMO Rent:
Core Operations
- Car Sharing: ELMO Rent offers a car sharing service, allowing users to rent vehicles for short periods through a mobile app. The company operates within a defined area and requires users to have a valid driving license.
- Remote Control Technology: ELMO Rent is at the forefront of developing technology that enables the remote operation of vehicles. This includes remote driving and delivery services.
- Environmental Focus: The company prioritizes environmentally friendly vehicles in its fleet, aligning with the growing demand for sustainable transportation solutions.
About Operations
- Equipment Rental: AS ELMO Rent offers a wide range of equipment for rent, including construction machinery like excavators, bulldozers, cranes, and loaders, as well as industrial equipment such as generators, compressors, and pumps.
- Service Area: They likely operate within a specific geographic region, providing rental solutions to construction companies, contractors, industrial facilities, and possibly individual customers who need temporary access to specialized equipment.
- Flexibility: Rental terms are usually flexible, catering to short-term and long-term needs of their clients. This flexibility allows businesses to scale their equipment usage based on project requirements without the capital investment of purchasing new equipment.
- Maintenance and Support: AS ELMO Rent likely ensures that all rented equipment is well-maintained and in good working condition. They may offer on-site servicing and technical support to address any issues that may arise during the rental period.
- Safety and Compliance: They adhere to safety standards and regulatory requirements relevant to the equipment they rent out. This ensures that customers can use the equipment safely and legally.
- Customer Service: Providing excellent customer service is crucial in the equipment rental industry. AS ELMO Rent may have a dedicated team to assist customers with equipment selection, rental agreements, logistics, and any other inquiries or concerns.
- Delivery and Logistics: They likely handle logistics such as delivery and pickup of equipment to and from customer sites. This service simplifies the rental process for customers, allowing them to focus on their core operations.
Remote-Controlled Electric Vehicles:
ELMO achieved validation from the Transport Administration for its second-generation electric vehicle remote-control technology. ELMO became the first company globally to offer remote-controlled cars for car-sharing. Active sales and testing of this technology began in various cities worldwide, including Berlin, Munich, Paris, Toulouse, Helsinki, and Los Angeles.
Environmental Sustainability:
ELMO prioritizes environmental sustainability. As a holder of the Responsible Business Quality Label, it prevented over 420,000 kg of CO2 emissions in urban spaces in 2022. ELMO’s car-sharing service reduces the need for personal car ownership and production of new vehicles.
Subsidiary in France:
ELMO successfully established a subsidiary in France, aiming to buy and sell new electric cars, including Premium class vehicles. The subsidiary also explores opportunities to offer advanced remote-controlled car technology to local car manufacturers and transport companies.
Innovations and App Launches:
ELMO increased investments in fleet operation software, car controllers, and remote-controlled car technology. It launched a new version of its domestic app for sharing environmentally friendly vehicles, making ELMO the world’s first car-sharing company with remote-controlled cars on public roads.
Finance
AS ELMO Rent Stocks
TA consensus