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Cluno

Cluno

A company with a car subscription service where users can book and use a car using the company's mobile application. It was founded in 2017 and is located in Munich, Germany.

Company

Cluno is a Munich-based subscription service company with a focus on the automotive industry. It has developed a mobile application for users that can be utilized for a service to use a car periodically without having to fill out paperwork.The service is an alternative to owning, leasing, or renting a car and is only available in Germany.

Product

Users can download the Cluno mobile application on Android or iOS. The signing-up process is digital and paperless. Users pay a monthly fee which includes various features such as automotive insurance and vehicle warranty. It also covers service and maintenance for the vehicle and tax and GEZ (license) fees. The vehicles are registered to Cluno and users can switch cars and pause their subscription. There is a minimum term of six months for the subscription after which users can return or switch their cars when they give a three month notice.

Users can choose which car they want from a selection including vehicles such as Opel Corsa, Toyota Aygo x-play Club, Volkswagen Caddy, and more.

Timeline

February 2019
Cluno raises a $28,000,000 series B round from Acton Capital Partners, Atlantic Labs and Valar Ventures.
April 12, 2018
Cluno raises a $8,600,000 series A round.

Funding rounds

People

Name
Role
LinkedIn

Andreas Schuierer

Co-Founder and CTO

Christina Maria Polleti

Co-Founder and Chief Strategy Officer

Nico Polleti

Co-Founder and CEO

Further reading

Title
Author
Link
Type
Date

Car subscription service Cluno scores $28M in Series B funding led by Peter Thiel's Valar Ventures

Steve O'Hear

Web

February 6, 2019

Cluno's co-founder on why her company's growth keeps her awake at night

Yessi Bello Perez

Web

March 16, 2020

Documentaries, videos and podcasts

Title
Date
Link

Cluno - NOAH19 Berlin

June 24, 2019

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Steve O'Hear
September 24, 2019
TechCrunch
Cluno, the Munich startup providing what it calls a "car subscription" service, is disclosing that it has raised €140 million in debt financing. Two asset-backed financing deals totalling €80 million were signed recently, adding to €60 million of debt previously secured -- ie it's not all entirely new money. Separately, the company raised €25 million [...]

References

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