Madrid-based REVEL, a company that offers a 100 per cent digital car subscription service, announced on Friday that it has secured €115M in a fresh round of funding.
The deal has been carried out in collaboration with Santander Consumer Finance, and credit funds and accounts managed by KKR, among others.
The round comprises a €15M equity investment and the establishment of a debt financial structure of up to €100M in partnership with KKR.
REVEL has crafted a financial structure in partnership with KKR and Santander Consumer Renting SA to finance the vehicles on its platform. REVEL says this structure aims to be efficient and profitable, enabling the company to achieve growth while remaining attractive to its financial and operational partners.