Redalpine Invests in Car-Subscription Service Carvolution

12.02.2019 09:25, Joseph Heaven

Carvolution AG, a Swiss car subscription service, closed an investment round with Zurich venture capitalists Redalpine, the Bern-based startup said in a press relase today. The size of the investment wasn't disclosed.

Carvolution, which ranked at the TOP 100 Swiss Startup Award last year, offers vehicle registration, taxes, insurance, maintenance, and tyres for a monthly fee.

"Being nominated as one of the 100 most promising Swiss Start-Ups was unexpected for us as such a young company. As a Start-Up you are confronted with numerous challenges and so much uncertainty. Thanks to this nomination it has really instilled an air of confidence in the car subscription model, not only with us but also with our investors, potential employees, suppliers and Carvolutioners." Léa Maggione, Co-founder/ CMO at Carvolution.