Hygglo Equipment Rental Service

Hygglo is a prominent Swedish peer-to-peer rental marketplace that allows individuals and businesses to rent out their equipment and tools to others. Founded with the mission to promote circular economy practices and sustainable consumption, the platform facilitates safe transactions through integrated insurance and verification systems. By enabling the sharing of items like power tools, outdoor gear, and trailers, Hygglo helps reduce the need for consumers to purchase items they only use occasionally.

Originally established in Stockholm, the brand has grown to become a leader in the Nordic sharing economy. It expanded its reach by merging with the Norwegian rental platform Leieting and later acquiring Fat Llama, a major UK-based competitor, to establish a broader European presence. This growth strategy has positioned Hygglo as a key player in the global move toward collaborative consumption, managed through its intuitive mobile application and web interface.

The company remains headquartered in Sweden and is backed by prominent Nordic investors, including Schibsted and various venture capital firms. Its ownership structure reflects a mix of original founders and corporate strategic partners committed to the digital transformation of the rental industry. As of 2024 and beyond, Hygglo continues to operate as a central entity in the Schibsted portfolio, leveraging regional expertise to scale its sustainable business model across the UK and Scandinavia.