Autonomy continues California expansion with EV subscription in San Diego

“Our mission is to provide consumers with easy and affordable access to electric vehicles,” said Scott Painter, founder and CEO of Autonomy. “We know California to be both the automotive capital of the world and an early adopter of disruptive new technologies that improve the quality of life. We started in Los Angeles, and we’re naturally excited to expand into San Diegothe second largest city in Californiaas we continue to build 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 rental or loaner 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 Payment to $1,000 per month with an initial $1,000 Payment. A $500 Refundable security deposit is required when subscription is activated.

Autonomy’s monthly payments cover traditional costs of ownership, including annual registration and license fees, routine maintenance, roadside assistance and tire wear, all of which are additional expenses with a lease. or a traditional 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 becoming a viable 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.

“San Diegans is rapidly moving toward EV adoption, and the city already has more than 1,400 charging stations, including 250 DC fast chargers, making it more convenient for consumers looking to sign up for an Autonomy subscription,” said George Bauerco-founder and president of Autonomy.

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 used 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 a benefit to both consumers and the industry. 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]

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