What is Carvolution?
Carvolution offers a disruptive mobility solution through its car subscription service, presenting a compelling alternative to traditional car ownership and leasing. Customers can select their desired vehicle online and benefit from a fixed monthly price that encompasses all costs except fuel. The service provides flexibility, allowing users to change, return, or retain their vehicles for extended periods. This all-inclusive model, with comprehensive service from a single source, positions Carvolution as a key player in the evolving automotive landscape.
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 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, with a significant presence in retail banking and corporate and investment banking.
Redalpine
Redalpine is a thesis-driven venture capital firm with expertise in software and science, focused on empowering game-changers and disrupting industries.
What's next for Carvolution?
The substantial enterprise-level funding, including the recent strategic investment, signals Carvolution's readiness for accelerated scaling and market penetration. This capital is likely to be deployed towards enhancing the digital platform, expanding the vehicle fleet, and potentially entering new geographic markets. The company's focus on a seamless, all-inclusive subscription experience suggests a continued emphasis on customer acquisition and retention, solidifying its competitive advantage in the burgeoning car subscription industry.
See full Carvolution company page
