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July 28, 2023

Carvolution Secures €25M to Turbocharge Growth

Carvolution Accelerates with €25M to Expand Fleet & Drive Growth

Swiss platform Carvolution has secured a game-changing €25 million in working capital, courtesy of Zuger Kantonalbank. The fresh funds are set to accelerate growth and expand their impressive fleet of vehicles.

As a trailblazer in next-generation mobility services, Carvolution's unique concept empowers consumers to embrace their dream cars through convenient monthly subscriptions, eliminating the need for long-term commitments. With an all-in-one approach, customers gain access to insurance and maintenance options, making the road to their dream car smoother than ever.

In the ever-evolving landscape of transportation alternatives, Carvolution's car subscription model has stood the test of time, proving its value and promising continued growth. Backed by an illustrious lineup of investors, including Redalpine, Armada Ventures, Carvolution is steering the way toward a more flexible and innovative automotive future.

Founded in 2018 and boasting a remarkable total of approximately €69 million raised, Carvolution's journey has been nothing short of spectacular. With the latest financial injection, the company's commitment to revolutionizing car ownership takes a giant leap forward.

Neil Hodgson-Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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