110 million US dollars for car subscription platform Finn

Finn has been present in some US states since the beginning of the year. Now the startup is looking to expand its car subscription service in the U.S.

According to information from Techcrunch Finn has raised $110 million in a Series B funding 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 car subscription service. Through the digital platform, users can pick a car model and subscribe instantly. The car is then delivered to their home. The subscription includes all costs - only gas has to be paid for by the user, insurance and maintenance costs are included. About a third of the fleet consists of electric cars. In this way, 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. With the help of the funding, the startup wants to expand there in particular. In addition to its current locations in New Jersey, Pennsylvania, Massachusetts and Connecticut, Finn wants to launch in California and Florida this year. Other US states are to be added next year. To this end, the team in the U.S. and Germany in particular, as well as the platform, are to be expanded.