Here are all the providers in the booming auto subscription segment that you absolutely have to know.
Fewer and fewer people buy music, fewer and fewer people buy series or films and fewer and fewer people want to own books. Instead, digital people listen to their music via Spotify, watch films on Netflix and read books via Kindle Unlimited. All providers have one thing in common, they are sold via monthly subscriptions, i.e. flat rates. Now various founders want to establish this model in the multi-billion dollar car segment.
Car subscriptions are extremely popular at the moment - also from an investor's perspective. Subscribing to cars instead of buying them is another way of using vehicles, apart from buying them. The whole thing is somewhere between car sharing and leasing. In contrast to car sharing, you still own the car. And unlike leasing, you don't have to enter into long-term contracts. Here are all the providers in the Auto Subscription segment that you need to know.
The Pockinger startup Carminga , which was founded by Federico Di Pietro, Miha Sukic and David Ban, sees itself as a “smart car subscription”. "Our mission is to reduce the cost of driving a car and to make the vehicle ownership experience accessible to drivers, especially novice drivers, across Europe," the website said. The minimum term is six months. So far, Carminga has hardly attracted attention in the startup scene.
Carvolution from Bern in Switzerland was founded in 2018 by Olivier Kofler, Luis Wittwer, Léa Miggiano, Bernhard Drüner and Adrian Boss. Redalpine, Armada Investment and Mobiliar recently invested CHF 11.25 million in the young startup.
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