REVEL offers a fully online car leasing service that allows individuals to select a vehicle and complete the contract in under eight minutes, with flexible terms of 12 or 36 months. The service includes all necessary expenses—such as insurance, maintenance, and taxes—within a single monthly payment, while also providing free home delivery and carbon offsetting for sustainability.
Funding
$129.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional car ownership involves significant upfront costs, long-term commitments, and the burden of managing maintenance, insurance, and depreciation. Individuals seeking flexible transportation solutions often find themselves locked into rigid financing agreements or facing unpredictable expenses.
Solution
REVEL offers an all-inclusive, fully online car leasing service that provides individuals with access to a new vehicle under flexible 12- or 36-month terms. The service simplifies the car acquisition process by handling all associated costs, including comprehensive insurance, routine maintenance, roadside assistance, and vehicle taxes, within a single monthly payment. Customers can select their preferred vehicle online and complete the leasing contract in minutes, with the added convenience of free home delivery and carbon offsetting to promote environmental sustainability.
Target Audience
REVEL primarily targets individuals seeking a flexible and convenient alternative to traditional car ownership, particularly those who value predictable monthly expenses and hassle-free vehicle management.
Features
- 100% online contract and vehicle selection process
- Flexible leasing terms of 12 or 36 months
- All-inclusive monthly payment covering insurance (with a 300€ excess), maintenance, assistance, and taxes
- Free home delivery to addresses within the Iberian Peninsula and Balearic Islands
- 15,000 km per year included, with options to increase mileage for an additional fee
- Carbon offsetting initiatives to compensate for vehicle emissions
- Wide selection of vehicles from various manufacturers, including Abarth, Audi, BMW, and Tesla