Planet42 is a car subscription company that partners with dealerships to offer vehicle access to underbanked clients. It provides financial models and technology to enable individuals and corporations to own vehicles through flexible financing options. Planet42 operates a rent-to-buy model, allowing clients to obtain vehicles with minimal upfront costs and pay in monthly installments. In Q1 2023, Planet42 raised $100 million as part of a debt financing round.
| Date | Round | Amount | Lead |
|---|---|---|---|
| 19 مارس 2024 | $16.0M | ||
| 17 أبريل 2023 | $100.0M | — | |
| 26 فبراير 2023 | $100.0M | — |