Carvolution accelerates growth with 200 million Swiss franc financing boost

23.01.2024 11:17, Rita Longobardi

Carvolution, the Swiss frontrunner in car subscriptions, has successfully secured an asset-backed financing amounting to 200 million Swiss francs. This financial milestone not only presents a significant opportunity for the company but also serves as a powerful motivator, supporting Carvolution to maintain its robust growth trajectory and concurrently enhance its profitability.

In its mission to expand, Carvolution, the leading Swiss car subscription service headquartered in Oberaargau, has secured asset-backed financing of up to 200 million Swiss francs. Among the prominent investors is the renowned British bank, Barclays. This infusion of capital helps Carvolution to further enhance its services and extend its influence in the evolving mobility sector.

Notably, Barclays is not the sole contributor to Carvolution's financial success. Customers of Waterfall Asset Management have also played an essential role by providing a mezzanine facility. Waterfall Asset Management, known for its active investment in structured credit opportunities throughout the capital structure, has already been supporting similar ventures in the United States and Europe. James Cuby, Managing Director at Waterfall Asset Management, emphasized the company's eagerness to engage in its first private transaction in the Swiss market and collaborate with the Carvolution team, praising their impressive implementation of the car subscription model.

Olivier Kofler, CEO and Co-founder of Carvolution, highlighted: "Financing is the driving force behind our business model. Car subscriptions are becoming increasingly popular. To keep up with this growth and meet the demand, we need strong partners and good fleet financing solutions." 

As Carvolution starts a new chapter, the infusion of funds solidifies its position as a major player in the automotive subscription landscape and underscores its commitment to innovation and customer satisfaction.

Carvolution was ranked among the TOP 100 Swiss Startups from to 2018 to 2023.

Carvolution's team