Car rental startup Carvolution has received $11.3m from investors including its new strategic partner, insurance firm Mobiliar.
Venture capital firm Redalpine has led a CHF11.3m ($11.3m) funding round for Carvolution, the Switzerland-based operator of an on-demand car rental service, that included insurance firm Mobiliar and family office Armada Investment.
Founded in 2018, Carvolution offers a service that enables customers to rent a car at a flat monthly rate that covers everything except petrol. Customers can choose from a range of approximately 20 models through the service.
In addition to investing, Mobiliar has formed a strategic partnership with…
