Sweden’s Carla hits the road with €19 million to take its EV marketplace up a gear
Summary
As Europe races towards a net zero world and city dwellers look for greener ways to travel, funding to EV startups reached a 10-year high last year. It seems the momentum continues unabated even this year in spite of market choppiness and supply-chain imbalances.According to a recent McKinsey report, new emissions regulations in Europe which have come into effect in 2021, explain why EV-model launches have increased significantly. Joining the fleet of startups which have geared up with more funding in the recent times, Swedish EV e-commerce company Carla has raised 19 million in a fresh round of investment.Right after it was founded by Patrik Illerstig and Niklas Jungeg\xe5rd in 2021, the electric vehicle marketplace raised 10 million in funding. It offers bonnet to boot coverage, including service, full insurance, winter and summer tires, and vehicle tax.So, whats next for the platform? The money raised will be used to boost international expansion, product development, increased capacity for deliveries, repair of cars, and development of aftermarket services.The funding was led by Bonnier Ventures, with participation from investors, including Inbox Capital, Black Ice, and VNV Global.