Carvolution pursues a clear mission: driving should be simple, transparent and accessible. The principle is simple. Customers choose their desired vehicle, decide on a term and a mileage package. Everything is included in a monthly fixed price. This includes insurance, taxes, cantonal registration, tyres and service. Customers really only need to take care of refuelling or charging.

As the co-founder and CFO of Carvolution explains:

“We want the journey to owning your own car to be stress-free, without financial risks and without administrative effort.”

Bernhard Drüner

More flexibility instead of complicated contracts

With this model, Carvolution has created a cost-transparent alternative to traditional car buying or leasing. Compared to traditional leasing, you decide the term yourself here. Customers decide whether they want to drive the vehicle for just a few months or for several years. At the end of the subscription, there is also the option to buy or return the vehicle. This keeps costs predictable and eliminates the long-term commitment to a vehicle. 

With this innovative model, Carvolution looks back on an impressive development. The company has been able to build up a scalable financing structure worth over 200 million Swiss francs, which is unique in this form in Switzerland. 

According to Bernhard Drüner, an important success factor is the consistent focus on customer feedback. Many further developments are based directly on the wishes of users – for example, that customers can now take over their own licence plate in most cantons.

Simple driving, simple payment

In a purely digital business model like Carvolution's, smooth and fast payment processing is essential. Contract conclusion at Carvolution often takes place comfortably from home, "on the sofa". When customers later pick up their car in Bannwil or Zurich or come for a consultation, the experience is the focus. The financial aspects have already been handled digitally by this point.

However, digital subscription models also bring challenges. Credit cards expire, accounts are not covered at short notice, or customers adjust their mileage package during an ongoing month. This is exactly where Payrexx's solutions come into play.

Particularly valuable for Carvolution's administration are the Payrexx-payment links. Should a payment ever be missed, there is no need to send a formal reminder straight away. Instead, Carvolution simply sends a new payment link by email or SMS. This approach is received much more positively by customers.

A look into the future

To further advance automation, Carvolution is planning together with Payrexx the integration of eBill. This will enable invoices in future to be transmitted directly into customers' online banking and paid. The goal remains to make the entire payment process even simpler and more efficient.

The collaboration also works very well at the partnership level. Bernhard Drüner summarises:

Discover Carvolution and their innovative vehicle subscriptions here: www.carvolution.com

Collect your payments via the Paylink tool from Payrexx. Sign up and test the solution free of charge for 30 days!