Planet42 Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Private

  • Employees
  • 42

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $15.7M

  • Investors
  • 11

Planet42 General Information

Description

Provider of pay-to-drive mobility services intended for long-term vehicle rentals. The company offers services that include analyzing customer validation documents such as identity records, payslips, and bank statements, purchasing used cars from dealerships, and providing rent-to-buy car subscriptions, enabling individuals to access vehicles through monthly rental payments at affordable rates.

Contact Information

Website
www.planet42.com
Formerly Known As
CarGet
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 37 Elizabeth Avenue, Linmeyer
  • Gauteng
  • Johannesburg
  • South Africa
+27 010
Primary Industry
Automotive
Vertical(s)
Mobility Tech, Car-Sharing, FinTech
Corporate Office
  • 37 Elizabeth Avenue, Linmeyer
  • Gauteng
  • Johannesburg
  • South Africa
+27 010

Planet42 Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Planet42 Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC 11-Mar-2024 $15.7M Completed Generating Revenue
9. Later Stage VC 22-Feb-2023 Completed Generating Revenue
8. Early Stage VC 21-Dec-2021 Completed Generating Revenue
7. Early Stage VC 25-Aug-2021 Completed Generating Revenue
6. Early Stage VC (Series A) 07-Dec-2020 Cancelled Generating Revenue
5. Debt - General 03-Dec-2020 Completed Generating Revenue
4. Debt - General Completed Generating Revenue
3. Seed Round 16-Jun-2020 Completed Generating Revenue
2. Accelerator/Incubator 09-Dec-2019 $588K Completed Startup
1. Angel (individual) $588K $588K Completed Startup
To view Planet42’s complete valuation and funding history, request access »

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Planet42 Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of pay-to-drive mobility services intended for long-term vehicle rentals. The company offers services that incl
Automotive
Johannesburg, South Africa
42 As of 2025

Cape Town, South Africa
 

Sheffield, United Kingdom
 
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Planet42 Competitors (9)

One of Planet42’s 9 competitors is FutureRent (Services (B2C Non-Financial)), a Venture Capital-Backed company based in Cape Town, South Africa.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
FutureRent (Services (B2C Non-Financial)) Venture Capital-Backed Cape Town, South Africa
Evogo Corporation Sheffield, United Kingdom
Wagonex Venture Capital-Backed Cardiff, United Kingdom
Carvolution Venture Capital-Backed Bannwil, Switzerland
FlexClub Venture Capital-Backed Amsterdam, Netherlands
You’re viewing 5 of 9 competitors. Get the full list »

Planet42 Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Planet42 Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds
AlphaCode (South Africa) Venture Capital Minority
Standard Bank Group Corporation Minority
ARS Holdings Venture Capital Minority
Alesco Ventures Venture Capital Minority
Lemonade Stand (Estonia) Venture Capital Minority
You’re viewing 5 of 11 investors. Get the full list »

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Planet42 FAQs

  • When was Planet42 founded?

    Planet42 was founded in 2017.

  • Where is Planet42 headquartered?

    Planet42 is headquartered in Johannesburg, South Africa.

  • What is the size of Planet42?

    Planet42 has 42 total employees.

  • What industry is Planet42 in?

    Planet42’s primary industry is Automotive.

  • Is Planet42 a private or public company?

    Planet42 is a Private company.

  • What is Planet42’s current revenue?

    The current revenue for Planet42 is .

  • How much funding has Planet42 raised over time?

    Planet42 has raised $168M.

  • Who are Planet42’s investors?

    AlphaCode (South Africa), Standard Bank Group, ARS Holdings, Alesco Ventures, and Lemonade Stand (Estonia) are 5 of 11 investors who have invested in Planet42.

  • Who are Planet42’s competitors?

    FutureRent (Services (B2C Non-Financial)), Evogo, Wagonex, Carvolution, and FlexClub are some of the 9 competitors of Planet42.

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