FINN Raises 100 Million Euro in Series C to Accelerate the Growth of its Electric Fleet | Planet First Partners News
Summary
The round increases FINNs valuation to more than 600 million US dollars.The Munich-based company will use the capital to accelerate growth in the electric car sector, with the goal to more than double the share of low-emission vehicles in its fleet from 40% to over 80% by 2028. The Series C round follows a corporate debt transaction with Atempo Growth conducted at the end of last year.Since 2019, FINN customers have been able to subscribe to a car from over 30 brands and hundreds of models in just a few clicks. FINN aims to foster sustainable mobility for people and the planet by already having over 40% of low-emission vehicles, such as fully electric cars and plug-in hybrids, and by supporting climate protection projects. Subscribe to a car with just a few clicks and it will be delivered directly to your doorstep in just a few days: FINN offers a carefree service and handles insurance, financing, registration, taxes and maintenance. As an Article 9 fund, Planet First Partners applies rigorous methodology for sustainable investing and commits to always follow the highest standards and strictest criteria.