AI Car Rental Startup Sigvi Secures €1.2 Mn for International Expansion

The company develops an AI revenue agent that helps car rental businesses improve pricing, increase revenue, and manage their operations more efficiently.

The funding round was led by Superhero Capital, a venture capital firm based in Helsinki. Vladas Lašas, Chairman of the Lithuanian Business Angel Network (LitBAN), and several other angel investors also participated.

Sigvi will use the new funding to improve its AI platform, develop new products, and expand its business into international markets.

Vytis Šliažas, CEO and co-founder of Sigvi, said, “Europe is travelling more than ever, but the car rental experience hasn’t evolved at the same pace. Travellers expect to book a car as easily as they book accommodation. Meanwhile, thousands of quality vehicles owned by independent operators sit idle because they lack the technology to reach those customers. We’re building the AI layer that connects both sides, unlocking cheaper, greener, and fully digital car rental.”

“Sigvi has found a structural inefficiency in a massive market and built an elegant solution around it. We see a clear path for Sigvi to become the digital infrastructure layer for independent car rental across Europe,” said Gytenis Galkis, Partner at Superhero Capital.

Founded in 2023 by Sliažas, Ignas Gibas, and Mindaugas Banaitis, Sigvi is an AI-powered platform for the car rental industry. It helps car rental businesses manage their vehicles and daily operations more efficiently.

The platform brings together vehicles from independent fleet operators and private car owners. It manages the entire rental process from booking to vehicle return.

Sigvi's AI handles dynamic pricing, bookings, 24/7 keyless vehicle access, automated vehicle inspections, predictive maintenance, and customer support, making car rental operations faster and easier.

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