What is Carvolution?
Carvolution offers a disruptive all-inclusive car subscription service, providing a flexible alternative to traditional car ownership and leasing. Customers select their desired vehicle online and pay a fixed monthly fee that covers all costs except fuel. This model allows for flexible car changes, returns, or extended usage, offering a seamless, single-source solution for mobility needs. The company's innovative approach addresses the changing consumer preferences towards service-based consumption and away from asset ownership, positioning it as a key player in the future of personal transportation.
How much funding has Carvolution raised?
Carvolution has raised a total of $275.4M across 4 funding rounds:
Series B
$11.7M
Series C
$16.5M
Series D
$16.1M
Debt
$231M
Series B (2019): $11.7M with participation from Mobiliar, Redalpine, and Armada
Series C (2021): $16.5M led by Francisco Fernandez and Ringier Digital Ventures
Series D (2022): $16.2M, investors not publicly disclosed
Debt (2024): $231M featuring Waterfall Asset Management and Barclays
Key Investors in Carvolution
Waterfall Asset Management
Waterfall Asset Management, founded in 2005, is an institutional asset manager specializing in structured credit and private equity investments, based in New York City.
Barclays
Barclays PLC is a British multinational universal bank offering a wide range of financial services globally, including retail banking, corporate and investment banking, and wealth management.
Redalpine
Redalpine is a thesis-driven venture capital firm established in 2006, focusing on software and science, and empowering game-changing companies with strategic and hands-on support.
What's next for Carvolution?
The recent major strategic investment signals a new phase of growth and development for Carvolution. This capital infusion is expected to fuel further expansion of its service offerings, enhance its technological infrastructure, and potentially broaden its geographic reach. With a clear focus on disrupting the automotive market through its subscription model, Carvolution is poised to capitalize on the increasing demand for flexible and cost-effective mobility solutions. The company's trajectory suggests a continued emphasis on innovation and customer-centric service to maintain its competitive edge.
See full Carvolution company page
