The corporate returned to provide $55.1m for Carvolution having previously invested in the flexible car rental service in November.
Insurance group Die Mobiliar has invested CHF50m ($55.1m) in Carvolution, the Switzerland-based operator of a car rental subscription service, according to VentureLab.
Founded in 2018, Carvolution runs an online platform that leases cars to users for a flat monthly rate that also includes vehicle maintenance, registration and taxes.
A range of about 30 vehicles can be hired at prices starting at roughly $390 per month under a 36-month typical minimum contract. The funding will support the expansion of the company’s…
