Carzuno
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | <1m | <1m |
% growth | - | 156 % |
Date | Investors | Amount | Round |
---|---|---|---|
* | $500k | Seed | |
Total Funding | €455k |
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Recent News about Carzuno
EditCarzuno is a startup revolutionizing the way people access cars in Singapore. Instead of traditional buying or leasing, Carzuno offers a subscription-based model that provides a hassle-free, all-inclusive car ownership experience. Clients can subscribe to a car in less than three minutes through a fully digital platform. The service is designed for individuals who value flexibility and convenience, offering month-to-month subscriptions or longer-term options of 6, 12, or 24 months.
Carzuno's target market includes urban professionals, expatriates, and anyone who needs a car without the long-term commitment of ownership. The company operates in the automotive and mobility market, focusing on providing a seamless and flexible alternative to car ownership.
The business model is straightforward: customers pay a monthly fee that covers everything except fuel. This fee includes the car itself, insurance, road tax, servicing, maintenance, and 24/7 roadside assistance. By bundling these services, Carzuno eliminates the need for down payments, loans, or dealing with multiple service providers. This all-inclusive approach simplifies the car ownership experience and provides peace of mind to customers.
Carzuno makes money through its subscription fees. The pricing varies based on the car model and the subscription duration. For example, a 2016 Chevrolet Cruze costs SGD 1,498 per month for a 12-month subscription, while a 2018 Mazda 3 is available for SGD 1,499 per month for the same period. The company also offers promotional discounts, such as up to SGD 1,000 off the first month of subscription, to attract new customers.
In summary, Carzuno offers a modern, flexible, and convenient alternative to traditional car ownership, catering to a market that values simplicity and flexibility.
Keywords: car subscription, all-inclusive, flexible, digital platform, urban professionals, no down payment, Singapore, maintenance included, insurance included, hassle-free.