FINN secures €100 million in Series C funding led by Planet First Partners to expand its electric vehicle subscription model, aiming to increase the share of low-emission cars in its fleet significantly.

Target Overview: FINN

FINN, headquartered in Munich with an additional office in New York City, is a prominent car subscription provider that allows customers to easily subscribe to vehicles from over 30 brands. Since its inception in 2019, FINN has aimed to simplify the car ownership experience by offering a comprehensive service that includes insurance, financing, registration, taxes, and maintenance. As of the latest funding round, FINN has grown to hold over 25,000 active subscriptions and has achieved an Annual Recurring Revenue (ARR) of €160 million.

Industry Overview: Electric Mobility in Germany

Germany's automotive industry is at the forefront of the global shift towards electric mobility. With increasing governmental support and consumer demand for sustainable transport solutions, the country has prioritized the electrification of its vehicle fleet. Initiatives such as incentives for electric vehicle purchases and significant investment in charging infrastructure are propelling growth within this segment.

In recent years, the demand for car subscriptions, particularly those offering electric vehicles, has surged. Consumers are increasingly seeking flexible, sustainable options rather than traditional ownership, which