[Loopit #036] FINN Tops Germany's Fastest-Growing Startups as Global Players from Porsche to JLR Embrace $1.3T EV Market Opportunity

• Loopit.co and Bonzah.com partner to revolutionize car rental insurance by integrating seamless purchase and verification directly into the booking process, addressing key pain points for rental providers and enhancing operational efficiency in the evolving mobility landscape. (Global News Wire)
• Car subscription startup FINN has topped Sifted's ranking of Germany's 50 fastest-growing startups, showcasing the increasing consumer interest in flexible mobility solutions and the potential of subscription models in the automotive industry. (Sifted)
• MHP – A Porsche Company suggests that personalized consumer journeys, leveraging driver personas and 360-degree customer insights, are crucial for automakers to overcome barriers and boost electric vehicle sales, with subscription models playing a role in easing the transition. (The Manufacturer)
• Global law firm Clyde & Co introduces an electric vehicle subscription salary packaging option for staff, partnering with Origin Energy to offer an all-inclusive EV plan as part of its commitment to sustainability and reducing emissions in the legal industry. (Lawyers Weekly)
• The Platform Group AG 's acquisition of car subscription service ViveLaCar is showing positive results through its "platform strategy," which includes incorporating lease-return vehicles from dealerships, signaling a shift towards B2B partnerships in the evolving car subscription market. (AIM Group)

• Pivotal - Subscription by JLR 's Managing Director John Murphy explains how car subscription services are transforming vehicle ownership by offering flexibility, convenience, and personalization to meet changing consumer demands in the automotive industry, highlighting the potential for AI and advanced technology to further enhance the subscription experience in the future. (Auto Futures)
• Automotive and mobility providers are missing a key growth opportunity by not prioritizing seamless, post-purchase digital experiences, as nearly half of consumers are open to switching to subscription services for the flexibility they offer, according to Capgemini 's latest report. (Yahoo Finance)
• Flexible financing models like pay-as-you-drive and subscription services are driving increased interest in electric and hybrid vehicles among younger generations in South Africa, despite overall declines in new vehicle sales, according to TransUnion 's latest Vehicle Pricing Index report. (IT Web)
• Captive finance companies are evolving beyond traditional vehicle financing to offer comprehensive mobility ecosystems, leveraging AI and strategic partnerships to adapt to changing consumer preferences and market challenges in the automotive industry, according to Deloitte 's Benedikt Middendorf . (Motor Finance Online)
• Motor expands its EV Navigator concierge service to New York and New Jersey, partnering with utilities and dealerships to simplify EV adoption by offering personalized support, incentive program enrollment, and charging guidance, addressing key barriers to electric vehicle ownership as consumer interest in EVs continues to grow. (Motor)

• GoCar Experience revolutionizes EV test drives by offering extended trials of the GAC Aion Y Plus for up to a week, complete with charging credits, allowing potential buyers to fully experience electric mobility before purchase - a game-changer for EV adoption and customer education in Malaysia. (SOYACINCAU)
• Mercia Fleet Management introduces Subscribe Electric, an affordable EV subscription service for corporate customers, offering short-term rentals at half the cost of traditional daily rentals to facilitate EV adoption and meet sustainability goals while addressing concerns about transition costs and driver hesitancy. (FleetPoint)

• Temasek and LeapFrog Investments report projects a massive US$1.3 trillion EV market opportunity in India and Southeast Asia by 2030, driven by rising incomes, cost parity with ICE vehicles, and innovative business models like vehicle subscriptions and fleet electrification. (The Business Times)
• Lotte Rental introduces a flexible 48-month car subscription, allowing customers to return vehicles penalty-free after one year, catering to growing demand for shorter replacement cycles and cost-effective mobility. (AIM Group)
• The Truth About Cars reports that the automotive industry is revisiting vehicle subscription services with renewed optimism, betting on economic pressures and changing consumer preferences to drive adoption. (TTAC)
• NIO 's new Onvo L60 electric crossover challenges Tesla's Model Y with a groundbreaking $21,200 base price and innovative battery subscription model starting at $85/month, potentially revolutionizing EV affordability and ownership in the Chinese market. (ITC)
• MG Motor AE India expands its battery subscription model to the Comet EV and ZS EV, reducing upfront costs by up to Rs 5 lakh and offering per-kilometer battery rental options, aiming to boost EV adoption and make electric vehicles more accessible to Indian consumers. (Car & Bike)

▶️ Webinar: How car subscription can drive revenue at your dealership

Register Now

Loopit.co revolutionizes the car subscription industry with its state-of-the-art billing and management platform. Originating from HelloCars, one of the world's first retail car subscription services, Loopit now empowers a diverse clientele of OEMs, dealerships, and mobility startups including Subaru, SIXT, Polestar, Karma and more.

As a leader in technology-driven transformation, Loopit is dedicated to enhancing customer experiences and operational efficiency in the automotive sector. Discover how Loopit can innovate your business - visit www.loopit.co to learn more and join the car subscription revolution.