Cluno, the Munich-based ‘car subscription’ service, raises €7M Series A

INSUBCONTINENT EXCLUSIVE:
The round was led by Acton Capital Partners, with participation from previous investor Atlantic Labs.Founded in 2017 by the same team behind
easyautosale, which exited to Autoscout24 in 2015, Cluno lets you subscribe to a car for a fixed and all-inclusive monthly fee as an
alternative to car ownership or a more restrictive lease
But in a smarter way than today! Carsharing is not the answer for the mass market
service works as follows: You visit the Cluno website and choose the vehicle you want to subscribe to for a minimum period of six months
You then pay a setup fee, and a fixed monthly fee dependent on the model you have chosen, which covers the vehicle, insurance, breakdown
cover, tax, and maintenance
The idea is that the only cost you are left with is fuel
traditional ways of accessing a car
Christoph Braun, Managing Partner at Acton Capital, echoes this sentiment, noting that the notion of mobility is changing, and argues that
Cluno has created an attractive car subscription model that makes these new technologies easily accessible
While traditional leasing offerings are characterised by rigid contracts and lack of transparency, Cluno relies on a flexible model,