Cluno offers an alternative to car ownership with a monthly subscription fee which includes the car, maintenance, service, warranty, tax, and insurance. Munich-based company’s team of 100 offers around 100 makes and models.
The deal will enable Cazoo to launch its full proposition in Germany and across Europe, giving customers the option of purchasing, financing, or subscribing to thousands of cars on its platform.
“Cluno has built a market-leading offering in the car subscription market in Germany with thousands of loyal customers and we are delighted to welcome Nico and his team to the Cazoo family. We will be launching the full Cazoo proposition in Europe later this year from our new European headquarters in Munich and we look forward to offering customers the option of purchasing, financing or subscribing to thousands of Cazoo cars,” said Alex Chesterman, OBE, founder, and CEO of Cazoo in a statement.
Since 2018, when Cazoo was founded, the platform delivered almost 20,000 cars to consumers across the UK. The platform has thousands of cars available for either delivery or collection in 72 hours.
“I am very proud of what we have created at Cluno in terms of both the customer experience and the team. The vision and strategy that Alex and his team have for developing the Cazoo brand and platform is totally aligned with ours and we are looking forward to joining forces and accelerating the digital transformation of the car buying experience across Europe,” said Nico Polleti, founder and CEO of Cluno.
Two companies will combine their platforms, funding, expertise, and automotive relationships. Cazoo plans to launch its UK subscription service in the coming months and Cluno will form the launchpad of Cazoo’s international expansion plans.