Car-as-a-service startup sees turnover soar

Local startup Instacar is anticipating a 35% jump in turnover amid this second lockdown. The company provides corporations and individuals with the option of obtaining a car or a van through a flexible form of leasing called car-as-a-service.

"November will go down as a record month for us," says Antonis Samothrakis, one of Instacar's founders: "The increase in our turnover is also thanks to the supply of minivans to large retail chains which are trying to cover the large volume of orders for home deliveries. Last month we supplied enterprises with more than 100 vans," he tells Kathimerini.

Many chains do not know how long this massive increase in online purchases will last for, so they are choosing to invest in this "subscription model" for car leasing that the company offers.

"At this stage, a number of corporations will not commit funds for the acquisition...