FlyerTalk Forums - View Single Post - How is Silvercar making money?
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Old Aug 21, 2019, 4:42 pm
  #7  
m907
 
Join Date: Oct 2016
Posts: 3,704
Silicon Valley venture capital money. They also got an investment from Audi itself. Many of these tech startups burn through millions and lose a ton of money because they got a ton of venture funding without a realistic plan for making money. Uber still hasn't ever made a profit as far as I know.

These types of companies either get bought out or shut down suddenly. In this case, my guess is that Audi is using Silvercar as a testing ground for their subscription service.
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