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
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Net Profit
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EBITDA
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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
Employee Count
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Products & Services of Carvolution
Carvolution offers a comprehensive portfolio of products and services, including Car Subscription Service and Carvolution App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
All-inclusive subscription for cars with insurance and maintenance options
Mobile app for managing subscriptions and vehicle details
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $227.1M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Debt – Conventional - Carvolution | Valuation |
investors |
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| Jul, 2023 | Amount | Debt – Conventional - Carvolution | Valuation |
investors |
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| Oct, 2022 | Amount | Series D - Carvolution | Valuation | Redalpine |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are directed toward ICT and health tech startups.
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Founded Year | Domain | Location | |
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Family office of Aegerter family
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Founded Year | Domain | Location | |
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Business Angels Switzerland is focused on investing in innovative startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carvolution
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carvolution
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carvolution Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online subscription platform for accessing multiple vehicles is provided.
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| domain | founded_year | HQ Location |
Cars are accessed via an online subscription platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carvolution
Frequently Asked Questions about Carvolution
When was Carvolution founded?
Carvolution was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Carvolution located?
Carvolution is headquartered in Aarwangen, Switzerland. It is registered at Aarwangen, Bern, Switzerland.
Who is the current CEO of Carvolution?
Olivier Kofler is the current CEO of Carvolution.
Is Carvolution a funded company?
Carvolution is a funded company, having raised a total of $44.18M across 6 funding rounds to date. The company's 1st funding round was a Series D of $16.25M, raised on Feb 12, 2019.
What does Carvolution do?
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.
What products or services does Carvolution offer?
Carvolution offers Car Subscription Service and Carvolution App.
Who are Carvolution's investors?
Carvolution has 10 investors. Key investors include Barclays, Ringier, Zuger Kantonalbank, Die Mobiliar, and Waterfall Asset Management.