Lithuanian car rental startup Sigvi has raised €1.2 million in pre-seed funding led by Superhero Capital, with participation from Vladas Lašas, Chairman of the Lithuanian Business Angel Network (LitBAN) and co-founder of Carbon War Room, alongside other angel investors.
- Founded in 2023 by Vytis Šliažas, Ignas Gibas, Darius Verseckas, and Mindaugas Banaitis, Sigvi is developing an AI-powered operating system that connects independent fleet operators and private vehicle owners with customers seeking flexible car rental solutions.
- Rather than owning its own fleet, the company aggregates existing vehicles and automates the entire rental lifecycle, including dynamic pricing, bookings, keyless vehicle access, automated inspections, predictive maintenance scheduling, and customer support.
- The platform aims to modernise the car rental experience by removing traditional barriers such as paperwork, rental counters, and manual processes, while helping vehicle owners and fleet operators improve utilisation.
- Sigvi currently manages more than 200 vehicles and launched operations in Poland in June 2026, following its expansion beyond Lithuania.
Details of the deal
- The fresh €1.2 million pre-seed funding will be used to further develop Sigvi’s automation platform, accelerate its European expansion, and grow its managed vehicle network from more than 200 cars to 2,000 vehicles within the next two years.
- The company aims to become the digital infrastructure layer for independent car rental networks across Europe, making vehicle access more affordable, efficient, and fully digital.
