Fresh capital for Cluno: The Munich mobility startup According to its own information, it has raised a further 80 million euros in debt capital, thus increasing its asset-backed financing to more than 140 million euros.
In addition, the startup has a further 32 million euros of equity capital at its disposal. A large part of this comes from an esuccessful B-Series financing round from the beginning of the year, which included Valar Ventures as well as Acton Capital Partners and Atlantic Labs participated. The fresh debt capital came primarily from NIBC Bank, Varengold Bank, Deutsche Handelsbank, and BMW Bank. It consists of structured financing, credit facilities, and leasing facilities.
"We see the development of the subscription economy as an important economic trend that requires new financing solutions. We are very pleased to be able to support Cluno on this path,"
commented Vincent Dobbelaar, Director FinTech & Structured Finance at NIBC Bank Deutschland AG.
Cluno plans to expand its car subscription fleet
With the help of the successful financing round, Cluno aims to expand its car subscription fleet to meet the growing demand for vehicles. The startup also aims to strengthen its market position.
Nico Polleti, co-founder and CEO of Cluno:
"The car subscription has had a meteoric rise as a mobility concept and is on the threshold of the mass market. As an innovation driver in a dynamic industry, we want to take our business model to the next level as quickly as possible. Our stated goals are scaling and, in the long term, internationalization. The money and trust of the banks are a crucial lever in this."
