REVEL is an E-Commerce startup based in Spain, founded in 2020. The company's mission revolves around making car ownership more convenient, affordable, and sustainable for everyone. Through an all-inclusive, flexible car subscription service, REVEL aims to facilitate a seamless transition to electric vehicles while offsetting emissions. The company's slogan, "We believe that having a car can be convenient, affordable and sustainable," encapsulates its vision.
The unique selling proposition of REVEL lies in its 100% digital car subscription process, enabling customers to receive their chosen vehicle at their doorstep within a few days. This, combined with the flexibility to keep the car for as long as desired, sets the company apart in the market. Notably, REVEL takes environmental responsibility seriously and compensates for all the CO2 emissions produced by the subscribed vehicles. Thus, every kilometer driven in a REVEL car positively contributes to the planet.
On 15 September 2023, REVEL secured a €15.00M Venture Round investment from prominent investors including KKR and Santander Consumer Finance. This funding is poised to fuel the company's growth trajectory as it continues to pioneer sustainable and convenient car ownership experiences in Spain and potentially beyond.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | €15.00M | 2 | Santander Consumer Finance, Kohlberg Kravis Roberts | 15 Sep 2023 |
Debt Financing | €100.00M | 1 | Kohlberg Kravis Roberts | 15 Sep 2023 |
Debt Financing | Unknown | - | 27 May 2021 | |
Seed Round | €500.00K | - | 01 Dec 2020 | |
Seed Round | €500.00K | - | 01 Jan 2020 |