- Carvolution, a Bannwil, Canton Bern, Switzerland-based car subscription company, raised CHF15M in Series C funding
- The round was led by Francisco Fernandez, founder of the Avaloq Group, as well as Ringier Digital Ventures
- The company intends to use the funds to advance product development, continue market expansion, and grow the team
- Led by CEO Oliver Kofler, Carvolution is a car subscription company offering an alternative to purchase and leasing
- Customers select their car online and pay a fixed monthly price that includes all costs except gasoline or charging costs
- Carvolution currently employs 44 employees
