Autonomy launches EV subscriptions in Sacramento, continuing California expansion


The news follows an announcement earlier this week of an expansion of the company’s services to Orange County in Southern California. The company also recently launched in San Diegoadded the San Francisco Bay Area to its market coverage in March, and had a successful commercial launch in Los Angeles in January.

In a very short period of time, the Santa Monica, CaliforniaAutonomy has attracted several hundred active subscribers to its service.

“Our mission is to provide consumers with easy and affordable access to electric vehicles,” said Scott Painter, founder and CEO of Autonomy. “California state legislators in Sacramento have worked to accelerate the adoption of electric vehicles and have been a leader in the deployment of EVs for more than 20 years.”

In the early 1990s, Sacramento The city council first established an electric vehicle parking program, providing discounted parking for electric vehicle drivers in city-owned parking spaces. Since then, the city has worked hard to provide citizens with public electric vehicle charging facilities to support the adoption of low- and zero-emission vehicles (ZEVs) in the community and in fleet operations. The city of Sacramento fixed a goal to reach 75,000 ZEVs in circulation by 2025 and become the zero emissions vehicle capital of California.

California is the automotive capital of the world and an early adopter of disruptive new technologies that improve the quality of life,” added Painter. “We started in Los Angeles and are now excited about our launch in the state capital, Sacramento. We are seeing strong consumer demand and are rapidly expanding our presence across the state. »

Customers who want to drive a Tesla Model 3 will have access to Autonomy’s fast, easy and affordable subscription service. With new pricing announced in March, Autonomy’s monthly subscription costs less than Tesla’s own lease or finance plans. Subscribers can reserve a Model 3 through the Autonomy app or website and a $100 refundable deposit. A payment dial allows customers to customize subscriptions from $490 per month with an initial $4,900 start-up costs, $1,000 per month with an initial $1,000 start-up costs. A $500 Refundable security deposit is required when subscription is activated.

Autonomy’s monthly payment covers traditional costs of ownership, including annual registration and license fees, routine maintenance, roadside assistance and normal tire wear, all of which are additional expenses with a traditional lease or loan.

In addition to the cost advantage, Autonomy drivers have the option of subscribing month-to-month after a minimum waiting period of three months. The platform is a viable market option for those unwilling or unable to afford the long-term commitment of buying or leasing an electric car.

Autonomy’s subscription model offers a radical new solution to the growing demand for electric cars. An added benefit is the company’s stock of 3 models that are available for delivery within days, compared to waiting six to nine months for a lease or loan.

Autonomy is the first US company to offer a full monthly subscription for a Tesla Model 3, with other popular EV models planned for the near future. Founded by serial automotive entrepreneurs Scott Painter (CarsDirect, TrueCar, Fair) and George Bauer (Mercedes-Benz, BMW, Tesla, Fair), Autonomy is designed to deliver a fast and efficient customer experience. A vehicle can be ordered on the app in as little as 10 minutes and picked up from a sales center the next day or scheduled for delivery within a week.

Sacramento goals align with those of Autonomy and include increasing the affordability of electric vehicles by removing barriers and encouraging adoption,” said George Bauer, co-founder and president of Autonomy. “The city has over 600 public and workplace electric vehicle charging locations and is one of the first to successfully initiate curbside charging. All of this can only further promote the use of electric vehicles, making it even more convenient for consumers who want to get an Autonomy subscription. »

Autonomy recently received $83 million debt and equity financing to support its expansion.

ABOUT AUTONOMY

Autonomy is a technology company whose mission is to make access to mobility easy and affordable through car subscriptions. The company was founded by disruptors in auto retail, auto finance and auto insurance Scott Painter and George Bauer, which founded Fair, the first ever pre-owned vehicle subscription offering, pioneering the Car-as-a-Service (CaaS) category. Building on this experience, Autonomy has created a turnkey vehicle subscription platform for consumers and the automotive industry that allows vehicle subscriptions to cost-effectively scale and become a mainstream alternative to purchase of traditional cars. Autonomy innovates through technology, finance and insurance to power automotive subscriptions for the battery, electric vehicle and zero-emission vehicle sectors. Autonomy relies on partnerships with automakers and physical car dealerships to deliver consumer and industry benefits. Self-reliance represents the absence of long-term debt, the absence of long-term commitments, and even the absence of fossil fuels. It means new choices and more control over your financial well-being. Autonomy is based on Santa Monica, California.

PR contacts Autonomy:

Shadee Malekafzali
Head of Investor Relations and Corporate Communication
[email protected]

Matt Swipe
Corporate Communications Manager
[email protected]

Autonomy SOURCE

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