110 million US dollars for car subscription platform Finn

Finn has been represented in several US states since the beginning of the year. The start-up now wants to expand its car subscription service in the USA.

According to information from Techcrunch Finn has raised 110 million US dollars in a Series B financing round. The capital came from Korelya Capital, Keen Venture Partners, Climb Ventures, Greentrail Capital, Waterfall Asset Management and existing investors White Star Capital, HV Capital, Heartcore Capital, UVC Partners and Picus Capital.

Finn has created a subscription service for cars. Via the digital platform, users can choose a car model and subscribe immediately. The car is then delivered to their home. All costs are included in the subscription - only refueling has to be paid for, insurance and maintenance costs are included. Around a third of the fleet consists of electric cars. The start-up wants to enable users to try out electromobility.

Finn's subscription service has also been available in the USA since the beginning of the year. The start-up would like to use the funding to expand there in particular. In addition to its current locations in New Jersey, Pennsylvania, Massachusetts and Connecticut, Finn is planning to launch in California and Florida this year. Further US states are to be added in the coming year. To this end, the team in the USA and Germany as well as the platform are to be expanded.