Monday, October 25, 2021

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Carvolution: Raises CHF15M in Series C Funding

  • 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
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