Car Subscription App Autonomy To Add Over 1,000 Polestar, Volvo EVs To Its Fleet
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Car Subscription App Autonomy To Add Over 1,000 Polestar, Volvo EVs To Its Fleet
"Back in 2023, the startup had roughly 1,300 cars in its fleet, but was forced to cut back on its initial goal of acquiring 23,000 EVs from no fewer than 17 automakers due to the plummeting value of EVs. Car rental giant Hertz also began offloading EVs from its fleet two years ago. Since then, things have settled down, so Autonomy is now trying to increase its fleet."
"The startup said the new lineup will include vehicles at various price points, including recent model-year cars, as well as used models that will be bought as certified pre-owned EVs. It's worth noting that the Polestar 2 is on hiatus in the United States, with the only options being pre-owned and inventory vehicles. Autonomy's goal is to make getting a car as easy as streaming a movie and to do it on the customer's terms, said Scott Painter, Founder and CEO of Autonomy."
Autonomy is expanding its EV subscription fleet by adding 1,250 Polestar and Volvo electric cars and additional Tesla models, increasing available options beyond its current all‑Tesla lineup. The company currently offers Tesla Model 3 rentals of at least 30 days and will introduce the Polestar 2 and facelifted Tesla Model 3 and Model Y in the app. Autonomy secured a $25 million loan from Fincity Corporation through SR Alternative Credit to support the expansion. The new lineup will include recent model‑year vehicles and certified pre‑owned off‑lease cars at various price points. The Polestar 2 is currently on hiatus in the United States, limiting new inventory.
Read at insideevs.com
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