About Carvolution
Carvolution is a company based in Aarwangen (Switzerland) founded in 2018 by Luis Wittwer and Lea Miggiano. Carvolution has raised $44.18 million across 6 funding rounds from investors including Barclays, Ringier and Zuger Kantonalbank. Carvolution offers products and services including Car Subscription Service and Carvolution App. Carvolution operates in a competitive market with competitors including CARIFY and UPTO, among others.
- Total Equity Funding$44.18M (USD)
in 6 rounds
- Latest Funding Round$227.13M (USD), Debt – Conventional
Jan 2024
- InvestorsBarclays
& 9 more
Products & Services of Carvolution
Carvolution offers a comprehensive portfolio of products and services, including Car Subscription Service and Carvolution App.
All-inclusive subscription for cars with insurance and maintenance options
Mobile app for managing subscriptions and vehicle details
Apps and channels of Carvolution
Carvolution publishes 2 mobile apps with over 10K+ downloads; its YouTube channel Carvolution | Das Auto-Abo. has 178 subscribers and 26 videos.
Videos from Carvolution
The most watched videos on Carvolution's YouTube channel, Carvolution | Das Auto-Abo. (178 subscribers). Click a video to play it here.
More on Carvolution | Das Auto-Abo..
Funding Insights of Carvolution
Carvolution has successfully raised a total of $44.18M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $227.13 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $44.18M
- Total Rounds 6
- Last Round Debt – Conventional — $227.13M
- Investors Count 10
All 6 funding rounds of Carvolution with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $227.13M | Debt – Conventional | – | – | |
| Jul 2023 | $27.64M | Debt – Conventional | – | – | |
| Oct 2022 | $16.25M | Series D | – | Redalpine | |
| Feb 2021 | $16.54M | Series C | – | Francisco Fernandez, Ringier | |
| Nov 2019 | $11.4M | Series B | – | Redalpine, ARMADA Investment | |
| Feb 2019 | – | Series A | – | Redalpine |
10 investors in total: 9 institutional and 1 angel.
Investors in Carvolution
Carvolution has secured backing from 10 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Barclays, Ringier and Zuger Kantonalbank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are directed toward ICT and health tech startups. | – | redalpine.com | Zurich, Switzerland | |
Family office of Aegerter family | – | armada.com | Kusnacht, Switzerland | |
Business Angels Switzerland is focused on investing in innovative startups. | – | businessangels.ch | Worb, Switzerland | |
Diversified financial services are provided across global markets. | 1690 | home.barclays | London, United Kingdom | |
Waterfall Asset Management is focused on asset-backed finance solutions. | 2005 | waterfallam.com | New York, United States | |
- | – | ringier.ch | - | |
Life and non-life insurance is provided by this Swiss cooperative. | 1826 | mobiliar.ch | Bern, Switzerland | |
Media brands, sports platforms, and digital marketplaces are operated. | 1833 | ringier.com | Zurich, Switzerland | |
FF Francisco Fernandez | - | – | unknown_a304b83f3aa4417fb | - |
Commercial banking services are provided in Switzerland. | 1892 | zugerkb.ch | Zug, Switzerland |
Investor details for Carvolution
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Carvolution
3 people are tracked at Carvolution (3 in leadership).
| Name | Role | Group |
|---|---|---|
Luis Wittwer | Co-Founder & COO | Leadership |
Lea Miggiano | Co-Founder & CMO | Leadership |
Olivier Kofler | CEO | Leadership |
Complete people profiles for Carvolution
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Carvolution
3 dated milestones of Carvolution across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Carvolution is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $227.1M.
Competitors of Carvolution
Carvolution operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CARIFY and UPTO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carify.com | 2000 | Zurich, Switzerland | – | – | Online subscription platform for accessing multiple vehicles is provided. | |
| upto.ch | 2018 | Volketswil, Switzerland | – | – | Cars are accessed via an online subscription platform. |
Detailed competitors of Carvolution
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Carvolution
The website of Carvolution (carvolution.com) receives about 128.3K visits a month and ranks #257,398 among all websites worldwide, #5,991 in Makes and Models.
- Monthly visits128.3K
▲ 25.1% vs previous month
- Unique visitors52.2K
per month
- Global rank#257,398
among all websites
- Category rank#5,991
Vehicles · Makes and Models
- Bounce rate35%
- Pages per visit5.8
- Average visit2 min 08 sec
- DevicesDesktop 41% · Mobile 59%
Websites whose visitors overlap most with Carvolution. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| carify.com | 100% | 61.8K | #264,997 | View details | |
clyde.ch | clyde.ch | 87% | – | #511,667 | – |
| amag-leasing.ch | 86% | 67.6K | #310,274 | View details | |
arval.ch | arval.ch | 72% | – | #1,250,729 | – |
streetlife.ch | streetlife.ch | 71% | – | #674,095 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Carvolution
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Carvolution
Complete news archive for Carvolution
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Carvolution
10 companies that operate in the same segment as Carvolution (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about Carvolution
Carvolution was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Carvolution is headquartered in Aarwangen, Switzerland. It is registered at Aarwangen, Bern, Switzerland.
Olivier Kofler is the current CEO of Carvolution.
Carvolution is a funded company, having raised a total of $44.18M across 6 funding rounds to date.
Carvolution was established in 2018 in Aarwangen, Switzerland, within the automotive sector. Flexible subscription models for vehicles are offered, enabling access without long-term ownership commitments. Operations center on monthly plans that include maintenance, insurance, and mileage options. Services target individual and business users seeking convenient mobility solutions. Leadership is provided by CEO Olivier Kofler, alongside co-founders Luis Wittwer as COO and Lea Miggiano as CMO.
Carvolution offers Car Subscription Service and Carvolution App.
Carvolution has 10 investors. Key investors include Barclays, Ringier, Zuger Kantonalbank, Die Mobiliar, and Waterfall Asset Management.
Carvolution operates through Carvolution Ag.
Yes. Carvolution publishes Carvolution and 1 more app, with over 10,000 downloads.
The website of Carvolution receives about 128 thousand visits a month and ranks #257,398 among all websites worldwide.