About Carvolution

Carvolution offers a fully digital car subscription service that includes insurance, maintenance, and taxes, providing a transparent and predictable monthly cost for vehicle access. This model addresses the complexities and hidden costs associated with traditional car ownership and leasing, allowing users to easily manage their transportation needs without unexpected expenses.

<problem> Traditional car ownership involves complexities such as insurance, maintenance, taxes, and depreciation, leading to unpredictable and often high costs. Leasing can also be restrictive, with long-term contracts and potential hidden fees. </problem> <solution> Carvolution offers an all-inclusive, fully digital car subscription service that simplifies vehicle access with a single, transparent monthly payment. This subscription covers insurance, taxes, registration, service, maintenance, and tires, eliminating the burden of managing these separate expenses. Customers can choose from a range of new or nearly new cars and adjust their subscription terms and mileage as needed through a user-friendly mobile app. Carvolution leverages bulk vehicle purchases to secure discounts, providing a cost-effective alternative to traditional car ownership and leasing. </solution> <features> - All-inclusive monthly subscription covering insurance (third-party and fully comprehensive), taxes, and registration fees - Maintenance and service included, with access to partner garages for repairs and upkeep - Tire changes and storage managed as part of the subscription - Flexible subscription terms and mileage packages adjustable via the Carvolution mobile app - Access to a fuel card for discounts at participating gas stations or CO2 emission offsetting - Option to pick up the car or have it delivered directly to the customer's location - Best Price Guarantee, ensuring the subscription cost is lower than traditional leasing </features> <target_audience> Carvolution targets individuals and small businesses seeking a flexible, cost-predictable alternative to buying or leasing a car, particularly those who value convenience and transparency in managing their transportation needs. </target_audience> <revenue_model> Carvolution generates revenue through monthly subscription fees, which vary based on the car model, subscription duration, and included mileage package. </revenue_model>

What does Carvolution do?

Where is Carvolution located?

Carvolution is based in Ba, Switzerland.

When was Carvolution founded?

Carvolution was founded in 2018.

How much funding has Carvolution raised?

Carvolution has raised 362160000.

Location

Ba, Switzerland

Founded

2018

Funding

362160000

Employees

68 employees

Major Investors

Barclays Investment Bank, Waterfall Asset Management

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Carvolution

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Executive Summary

carvolution.com 5K+

Crunchbase

Founded 2018 – Ba, Switzerland

Funding

Estimated Funding

$200M+

Major Investors

Barclays Investment Bank, Waterfall Asset Management

Team (50+)

No team information available.

Company Description

Problem

Traditional car ownership involves complexities such as insurance, maintenance, taxes, and depreciation, leading to unpredictable and often high costs. Leasing can also be restrictive, with long-term contracts and potential hidden fees.

Solution

Carvolution offers an all-inclusive, fully digital car subscription service that simplifies vehicle access with a single, transparent monthly payment. This subscription covers insurance, taxes, registration, service, maintenance, and tires, eliminating the burden of managing these separate expenses. Customers can choose from a range of new or nearly new cars and adjust their subscription terms and mileage as needed through a user-friendly mobile app. Carvolution leverages bulk vehicle purchases to secure discounts, providing a cost-effective alternative to traditional car ownership and leasing.

Features

All-inclusive monthly subscription covering insurance (third-party and fully comprehensive), taxes, and registration fees

Maintenance and service included, with access to partner garages for repairs and upkeep

Tire changes and storage managed as part of the subscription

Flexible subscription terms and mileage packages adjustable via the Carvolution mobile app

Access to a fuel card for discounts at participating gas stations or CO2 emission offsetting

Option to pick up the car or have it delivered directly to the customer's location

Best Price Guarantee, ensuring the subscription cost is lower than traditional leasing

Target Audience

Carvolution targets individuals and small businesses seeking a flexible, cost-predictable alternative to buying or leasing a car, particularly those who value convenience and transparency in managing their transportation needs.

Revenue Model

Carvolution generates revenue through monthly subscription fees, which vary based on the car model, subscription duration, and included mileage package.