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.
- Headquarter Aarwangen, Switzerland
- Founders Luis Wittwer, Lea Miggiano
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Carvolution Ag
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$44.18 M (USD)
in 6 rounds
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Latest Funding Round
$227.13 M (USD), Debt – Conventional
Jan 23, 2024
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Investors
Barclays
& 9 more
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Employee Count
Not available
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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
People of Carvolution
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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.
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.
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Early-stage investments are directed toward ICT and health tech startups.
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Family office of Aegerter family
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Business Angels Switzerland is focused on investing in innovative startups.
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Investor details for Carvolution
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Investments & Acquisitions by Carvolution
Investment portfolio details for Carvolution
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Financial Statements - Carvolution
Detailed financials for Carvolution
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Carvolution Comparisons
Peer comparison for Carvolution
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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 year | HQ Location | Description |
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Online subscription platform for accessing multiple vehicles is provided.
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Cars are accessed via an online subscription platform.
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Detailed competitors of Carvolution
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Latest news on Carvolution
Complete news archive for Carvolution
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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.