Spanish car subscription startup REVEL raises $123M to scale its business

REVEL offers an all-inclusive, flexible car subscription service in Spain, that offsets your emissions while you drive and helps you transition to an electrical vehicle. Its mission is to make car ownership more convenient, affordable, and sustainable for everyone. Here are details of Revel’s latest funding round :

🚀 Launch

2020

🏭 Industry

Automotive

🧠Management

Mateo’s Kike, Daniel Marcos, Santiago Estrada, Miguel García Biedma, Lucia Oyaga, Ariadna Rovira, Jose Luis Sanchez

💸 Funding & Investors

  • Investment (September 2023) : $123 million (debt and equity)
  • Investors : KKR, Santander Consumer Finance and others

🎯 Funding purpose

Scale

🌐 Country HQ

Spain (Madrid)

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