Autonomy to Scale Electric Vehicle Subscriptions Nationally; AutoNation to be Dealer of Record and Provide Services
July 26 2022 - 10:01AM
Business Wire
- AutoNation to assist Autonomy with the acquisition of up to
20,000 electric vehicles from all automaker brands over the next
12-18 months and provide vehicle preparation and delivery as well
as service and reconditioning to the Autonomy fleet.
- Partnership provides Autonomy the infrastructure to immediately
scale nationally.
Autonomy, the nation’s largest electric vehicle subscription
company, has partnered with AutoNation, Inc. (NYSE:AN), America’s
largest and most admired automotive retailer.
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The partnership will support Autonomy’s
electric vehicle product expansion from the Tesla Model 3 into
several automaker brands as well as its geographic expansion across
the United States, leveraging AutoNation’s nationwide footprint. As
Autonomy’s “Dealer of Record,” AutoNation will support Autonomy’s
planned acquisition, over the next 12-18 months of up to 20,000
electric vehicles from automakers that produce the most
sought-after electric vehicles. (Photo: Business Wire)
The partnership will support Autonomy’s electric vehicle product
expansion from the Tesla Model 3 into several automaker brands as
well as its geographic expansion across the United States,
leveraging AutoNation’s nationwide footprint. As Autonomy’s “Dealer
of Record,” AutoNation will support Autonomy’s planned acquisition,
over the next 12-18 months of up to 20,000 electric vehicles from
automakers that produce the most sought-after electric vehicles.
AutoNation will provide vehicle preparation and delivery services
in connection with Autonomy customer activations, as well as
maintenance, repair, and reconditioning services for its growing
fleet of subscription vehicles.
“AutoNation and Autonomy’s shared vision for how consumers gain
access to electric vehicles is the basis for this partnership and
has again shown that AutoNation is among the most innovative and
forward-thinking retailers in the world,” said Scott Painter,
founder and CEO of Autonomy. “This partnership allows Autonomy to
drastically accelerate and diversify its vehicle lineup with a
20,000-vehicle order over the next 12-18 months while paving a
clear and aggressive path for national expansion. Just as
importantly, this also allows Autonomy to remain capital efficient
and infrastructure light as we advance our mission to accelerate
the adoption of EVs and scale subscriptions profitably.”
Autonomy’s subscription model offers the cheapest, fastest, and
easiest way to get a Tesla Model 3 and Y, and soon other models and
brands. Autonomy provides an easy and affordable option for those
seeking an electric vehicle that does not require the long-term
debt or commitment that comes with buying or leasing. Autonomy
drivers have the flexibility to subscribe month to month after a
three-month minimum hold period. Today, Autonomy customers can
subscribe to an electric vehicle entirely in app (Google Play Store
or Apple App Store) and customize their monthly payment to meet
their budget.
About Autonomy
Autonomy is a technology company on a mission to make access to
mobility easy and affordable through car subscriptions. The company
was founded by auto retail, auto finance, and auto insurance
disruptors Scott Painter and Georg Bauer, who founded Fair, the
first-ever used-vehicle subscription offering, pioneering the
Car-as-a-Service (CaaS) category. Building upon that experience,
Autonomy has created a turnkey vehicle subscription platform for
consumers and the automotive industry that enables vehicle
subscriptions to scale profitably and become a mainstream
alternative to traditional car buying. Autonomy is innovating
through technology, finance, and insurance to power car
subscriptions for the battery, electric vehicle, and zero-emissions
vehicle sectors. Autonomy relies on partnerships with automakers
and brick-and-mortar car dealerships to provide benefits to both
consumers and the industry. Autonomy represents freedom from
long-term debt, freedom from long-term commitments, and even
freedom from fossil fuels. It means new choices and more control
over your financial well-being. Autonomy is based in Santa Monica,
California.
Follow Autonomy on LinkedIn, Twitter, Instagram, Facebook,
YouTube, and TikTok.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220726005217/en/
Autonomy PR Contacts: Shadee Malekafzali Head of Investor
Relations and Corporate Communications shadee@autonomy.com
Matt Swope Corporate Communications Manager
matts@autonomy.com
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