Finn.auto has closed a €20 million Series A round to grow its car subscription service
across Europe and the United States.
The funding comes
from existing investors HV Capital, Picus Capital, Heartcore Capital and UVC
Partners, along with new investors White Star Capital and Zalando co-CEOs Rubin
Ritter, David Schneider and Robert Gentz.
Launched in late
2019, Finn.auto provides a range of subscription options with fixed monthly
prices. Each vehicle includes insurance, maintenance, tires and access to round-the-clock
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The company also offsets
the CO₂ emissions of its vehicles through its works with ClimatePartner and it provides
a choice of fully-electric vehicles. Along with individual consumers, the company
is targeting business clients that need access to a fleet of vehicles for
“There is a huge
opportunity globally to streamline outdated customer experiences in the
automotive retail space and become the Amazon of the automotive industry,” says
Nicholas Stocks, general partner at White Star Capital.
something Finn.auto is excellently placed to capitalize on with its offering of
convenience, flexibility, value and sustainability.”