Sigvi has raised €1.2 million in pre-seed funding to accelerate product development and international expansion.
The round was led by a Helsinki-based venture capital firm Superhero Capital. Vladas Lašas, Chairman of the Lithuanian Business Angel Network (LitBAN) and co-founder of the Carbon War Room, participated alongside other angel investors.
Building the AI infrastructure for independent car rental
Rather than owning vehicles, Sigvi aggregates cars from independent fleet operators and private owners and automates the entire rental lifecycle. Its AI engine handles dynamic pricing, bookings, and keyless 24/7 vehicle access, as well as automated vehicle inspections, predictive maintenance scheduling, and customer support.
Sigvi launched operations in Poland in June 2026, a market that recorded 7.2% growth in tourist accommodation nights in 2025 — the second-highest increase in the EU. The company currently manages more than 200 vehicles serving a wide range of customers, from tourists to long-term renters.
Europe's travel boom creates demand for digital car rental
The investment comes as European travel continues to reach new highs. According to Eurostat, travellers spent nearly 3.1 billion nights in tourist accommodation across the EU in 2025, a 2.2% increase over 2024 and the highest level ever recorded. Yet for travellers, renting a car remains one of the least digitised parts of the journey, where paper contracts and counter queues are still the norm.
"Europe is travelling more than ever, but the car rental experience hasn't evolved at the same pace," said Vytis Šliažas, CEO and co-founder of Sigvi. "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."
A cheaper and more sustainable alternative for travellers
For travellers, the result is a wide selection of professionally managed vehicles, typically priced around 30% below traditional international rental brands, available from pickup locations with no counter and no queue. Because the platform puts existing, second-cycle vehicles to productive use rather than purchasing new fleets, it offers a more sustainable model by maximising the utilisation of cars already on the road rather than adding new ones.
"Sigvi has found a structural inefficiency in a massive market and built an elegant solution around it," said Gytenis Galkis, Partner at Superhero Capital. "We see a clear path for Sigvi to become the digital infrastructure layer for independent car rental across Europe."
Funding will accelerate AI development and European expansion
The new funding will be used to further develop Sigvi's AI automation platform and expand its managed network to 2,000 vehicles within the next two years.
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