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§ Private Profile · Bannwil, Switzerland
Car subscription service providing flexible, all-inclusive car access as an alternative to buying or leasing in Switzerland.
Carvolution is an automotive mobility company based in Bannwil, Switzerland, that provides an all-inclusive car subscription service as a flexible alternative to traditional vehicle purchasing or long-term leasing. The platform allows individual consumers to select from a catalog of over 50 new vehicle models for a fixed monthly fee that comprehensively covers insurance, taxes, seasonal tires, and routine maintenance. Operating as the leading car subscription provider in the Swiss market, the company manages an active fleet of over 1,000 vehicles on the road and currently employs a workforce of more than 80 people. The enterprise, led by Chief Executive Officer Olivier Kofler, has secured multiple rounds of financial backing from venture capital firm Redalpine, while receiving formal recognition from the Swiss Economic Forum. Carvolution was officially founded in 2018 by Léa Miggiano and her co-founders.
Carvolution has raised $356.6M across 6 funding rounds.
Carvolution has raised $356.6M in total across 6 funding rounds.
Carvolution has raised $356.6M across 6 funding rounds. Most recently, it raised $230.2M Debt in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 23, 2024 | $230.2M Debt Financing | Gordon Beck | James Cuby | Announced |
| Jul 26, 2023 | $27.7M Debt Financing | Martin Neuhaus | — | Announced |
| Oct 1, 2022 | $16M Series D | Redalpine Venture Partners | HI Inov Dentressangle, Armada Ventures, Mobiliar, Ringier Digital Ventures | Announced |
| Feb 25, 2021 | $16.6M Series C | Francisco Fernandez | Armada Investment, Mobiliar, Redalpine, Ringier Digital Ventures | Announced |
| Sep 4, 2020 | $54.9M Debt Financing | Patric Deflorin | — | Announced |
| Nov 21, 2019 | $11.3M Venture Round | Redalpine | Armada Investment, Patric Deflorin | Announced |
Carvolution has raised $356.6M in total across 6 funding rounds.
Carvolution's investors include Gordon Beck, James Cuby, Martin Neuhaus, Redalpine Venture Partners, Hi Inov - Dentressangle, Armada Ventures, Mobiliar, Ringier Digital Ventures, Francisco Fernandez, Armada Investment, Redalpine, Patric Deflorin.
Carvolution is a Swiss technology company offering a fully digital car subscription service as an alternative to traditional car ownership or leasing. Customers select vehicles online via a mobile app or web platform, paying a single transparent monthly fee that covers insurance, maintenance, taxes, registration, tire changes, storage, and more—excluding only fuel—allowing flexible term adjustments, swaps, or returns.[1][3][4]
The service targets individuals and small businesses seeking predictable costs and convenience, solving pain points like hidden fees, depreciation, and rigid contracts in buying or leasing. With over 80 employees, $275M+ in total funding (including a $231M recent round and CHF15M Series C), and operations from its Bannwil headquarters, Carvolution has become Switzerland's largest car subscription platform, generating $16.4M in revenue through subscription fees scaled by model, duration, and mileage.[1][3][4]
Founded in 2018 in Switzerland, Carvolution emerged from a vision to simplify and democratize car access amid evolving automotive needs and rapid digitalization. The idea crystallized as a response to the hassles of traditional ownership—unpredictable costs from insurance, maintenance, taxes, and depreciation—leading to the launch of its pioneering all-inclusive car subscription model.[1][4]
Key early traction came from quick scaling: the company built a passionate team of over 80, developed a user-friendly mobile app for iOS/Android (managing subscriptions, mileage, invoices, and services), and followed with an Angular-based web platform integrated with fleet management for automated ordering. Pivotal funding rounds, including a CHF15M Series C led by Avaloq founder Francisco Fernandez and Ringier Digital Ventures, fueled product development, market expansion, and team growth, solidifying its position as a mobility disruptor.[2][3][4]
Carvolution stands out in the mobility sector through its tech-driven, customer-centric features:
Carvolution rides the wave of mobility-as-a-service (MaaS) and automotive digital transformation, capitalizing on trends like electrification, subscription economies, and connected vehicles. Its timing aligns with shifting consumer preferences—away from ownership toward flexible, on-demand access—fueled by urbanization, rising EV adoption, and post-pandemic remote work reducing long-term commitments.[1][4][5][7]
Market forces favoring it include Switzerland's high car density yet growing demand for hassle-free options, regulatory pushes for greener mobility (e.g., hybrids/EVs in fleet), and digital natives expecting app-based everything. By pioneering subscriptions with embedded insurtech and fleet tech, Carvolution influences the ecosystem: it accelerates industry digitalization, normalizes all-inclusive models, and paves the way for AI-enhanced, V2X-integrated future mobility, challenging incumbents like leasing giants.[2][5][7]
Carvolution's momentum—fueled by $275M+ funding and Switzerland dominance—positions it for European expansion, deeper EV/hybrid integration, and platform evolution into a full MaaS hub with AI-driven personalization and V2X features. Trends like autonomous driving tech and sustainability mandates will amplify growth, potentially evolving it from subscription leader to ecosystem orchestrator partnering with OEMs and insurers.
As the largest car subscription platform in Switzerland, Carvolution exemplifies how tech redefines mobility, delivering the flexible, affordable access that sparked its 2018 vision—poised to revolutionize beyond borders.[3][4]