Invygo is an app-based car subscription service that offers dealership-verified vehicles through flexible, short-term subscriptions, eliminating the need for long-term ownership. This model provides customers with easy access to transportation without the complexities of traditional vehicle ownership.
Funding
$22.2M 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 long-term commitments, depreciation, and the hassle of maintenance, while conventional car rentals often lack flexibility in terms of duration and vehicle choice. This makes it difficult for individuals who need a car for a limited time or want to avoid the responsibilities of ownership.
Solution
Invygo provides a car subscription service that offers access to a variety of dealership-verified vehicles through a mobile app. Users can choose from weekly or monthly plans, providing flexibility without the long-term commitments of traditional car ownership. The subscription includes free basic insurance and routine maintenance, simplifying the process of accessing a vehicle. Invygo allows users to manage their subscription, select a car, and handle payments through a digital platform, eliminating paperwork and offering a hassle-free experience.
Target Audience
Invygo targets individuals who need short-term access to a vehicle without the commitment of ownership, including expatriates, temporary residents, and those who prefer flexible transportation solutions.
Features
- Mobile app for account registration, car selection, and subscription management
- Flexible subscription plans with weekly and monthly options
- Access to dealership-verified vehicles
- Free basic insurance coverage during the subscription period
- Routine maintenance included in the subscription
- No deposit required for subscriptions
- Option to upgrade to another car after the first month
- Digital platform for payments and documentation