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Commerce

Finn.auto

Auto e-commerce platform making mobility fun, sustainable and convenient

  • Max-Josef Meier, CEO
  • Munich, Germany
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  • December 2020
  • Current
  • Series A

The Investment

Despite the growing popularity of car-sharing and micromobility, the car is still critical for many people given its convenience.

However owning a car still remains as an expensive hassle, with a confusing and long purchase process, high ongoing costs, long commitment periods and the need to manage aspects such as insurance, tax, maintenance and repairs.

Max-Josef and the exceptional team at finn.auto are focused on making mobility simpler, cheaper and more sustainable. The team is building an auto e-Commerce platform where consumers and enterprises can easily subscribe to a vehicle for a fixed monthly fee or purchase a vehicle through an industry beating customer experience.

Why We Invested

Car Access Over Car Ownership: Backing finn.auto to Make Mobility Fun and Sustainable

Nicholas StocksAlex Wilson

As investors we have viewed this sector as one in dire need of disruption for some time now. In Germany today there are 42m households, where statistically every one of these households owns at least one car, which to us represents a €200bn opportunity. So when we met Max-Josef in the Summer of 2020, we were certain we’d found the team to solve this problem at a global scale.

Read the post

In the News

Finn raises $110M to expand car subscription platform in US and Germany

Car subscription platform Finn has raised $110 million in equity to expand in the U.S. and Europe and reach 30,000 subscriptions by the end of the year. The funding, which brings Finn’s valuation to “more than $500 million,” comes at a time when consumers are starting to shift away from traditional car ownership models like leasing or financing.

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