# Carvolution

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carvolution

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Berne, Switzerland
- Website: www.carvolution.com
- Total disclosed funding: $44M
- Latest round: Series D (Oct 13, 2022)
- Investors on record: 4

## About

Based in Berne, Switzerland, and founded in 2018, Carvolution AG is a car subscription company that redesigns mobility and provides an alternative to purchasing and leasing a car through its automobile subscription service.  In January 2024, Carvolution AG raised CHF 200 million in venture debt funding co-led by Barclays Private Bank and Waterfall Asset Management.

The company’s car subscription platform offers a wide range of cars in an all-inclusive bundle. Customers just select a vehicle online and pay a monthly set amount that includes all expenditures except gasoline, they have the option to change the automobile, return it, or keep it permanently. Carvolution AG also provides an all-inclusive bundle business car facility for small and medium enterprises at a fixed monthly price.

The company generates revenue through rental charges on a monthly basis. The company provides a wide car collection, and they charge according to the car, its brand also including insurance, license plates, taxes, service and maintenance, tires, initial highway vignette, and fuel/charging card.

## Funding rounds

- Series D, Oct 13, 2022, $16M — Armada Investment Group, Redalpine, Mobiliar Asset Management, Ringier Digital Ventures
- Series C, Feb 25, 2021, $17M — Armada Investment Group, Redalpine, Mobiliar Asset Management, Ringier Digital Ventures
- Series B, Nov 21, 2019, $11M — Armada Investment Group, Redalpine, Mobiliar Asset Management
- Series A, Feb 12, 2019 — Redalpine

## Investors

- Redalpine (https://capitalatlas.ai/funds/redalpine) — Series A, Series B, Series C, Series D
- Armada Investment Group — Series B, Series C, Series D
- Mobiliar Asset Management — Series B, Series C, Series D
- Ringier Digital Ventures (https://capitalatlas.ai/funds/ringier-digital-ventures) — Series C, Series D