FINN focuses on growth in its core market Germany
FINN focuses on its core market Germany (Photo: FINN)
Munich, February 29, 2024 – The Munich-based car subscription provider FINN will prioritize sustainable growth in its core German market and the electrification of its fleet in the future over cost-intensive, rapid growth as part of further expansion. For this reason, the business in the USA will be paused.
FINN has established itself as a leading car subscription provider in Germany in recent years and expanded into the USA in 2021. In January 2024, the company also successfully closed a Series C financing round of EUR 100 million to further electrify its fleet in the coming years, thus accelerating the adaptation of electric vehicles.
In the future, the Munich-based company will focus even more on sustainable growth in its German core market. The main focus will be on electrifying the current FINN fleet and further growth in low-emission vehicles. This is in line with FINN's priorities following the recent funding round.
FINN will be in contact with existing US customers in the coming days and will continue to serve those customers until the portfolio is fully wound down.
FINN is convinced that the US holds massive potential for the car subscription model and will continue to assess the market conditions for reentry into the US.
FINN is very grateful to all employees of the US team as well as the OEMs and partners, for their contribution to building the business in the US market.
About FINN
FINN is an independent platform for car subscriptions from over 30 brands. 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. FINN also funds climate action by supporting certified climate protection projects and thus offsets the carbon footprint of every vehicle of all drive types – from production to every mile driven.
FINN was founded in Munich in 2019. The mission: to have a positive impact on people, organizations and the planet through frictionless mobility.
More Information: https://www.finn.com/
Press contact
Adrian Smiatek
adrian.smiatek@finn.com