Finn Raises $110M to Boost EV Fleet

The car subscription provider plans to increase the share of electric vehicles in its fleet to 80% by 2028, backed by funding led by Planet First Partners.

• Finn, a car subscription provider, has raised $110 million in a Series C funding round, aiming to increase the share of electric vehicles (EVs) in its fleet from 40% to 80% by 2028.
• The funding was led by Planet First Partners, a European growth equity firm focusing on sustainability, with Nathan Medlock, managing partner at Planet First Partners, joining Finn's board.
• Finn, founded in Munich in 2019 and expanded to the US in 2022, offers vehicles from 30 brands and has more than 25,000 subscribers to its services.
• The company also offers a B2B car subscription service that allows businesses to access six- or 12-month contracts and dedicated customer success managers.
• The new funding will be used for further investments in customer experience, particularly around claims, and for head count growth in engineering, tech, and product functions.

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