Autonomy, the electric vehicle subscription platform, is diversifying its fleet beyond Tesla with a $25 million expansion that will add approximately 1,250 vehicles from Volvo and Polestar. The company secured financing from Finacity Corporation through SR Alternative Credit to acquire the vehicles and scale operations across its seven U.S. markets.
Highlights
- Autonomy adds Polestar 2, Tesla Model 3 “Highland,” and Tesla Model Y “Juniper” to subscription lineup with additional Volvo models planned
- $25 million financing from SR Alternative Credit enables acquisition of approximately 1,250 electric vehicles
- Fleet expansion includes recent model-year and certified pre-owned off-lease vehicles at multiple price points
- Subscriptions start at 30 days with month-to-month flexibility and credit card payment across California, Texas, Florida, Washington, Arizona, North Carolina, and New York
Multi-Brand Strategy Launches
The fleet expansion represents Autonomy’s first move beyond an exclusively Tesla-based offering. The company is introducing Polestar 2 vehicles alongside updated Tesla Model 3 “Highland” and Model Y “Juniper” variants. Autonomy is negotiating with Volvo and other manufacturers to secure additional vehicle options for subscribers.
The new lineup will span multiple price points through a combination of recent model-year vehicles and certified pre-owned off-lease options. This approach aims to increase accessibility while maintaining the company’s focus on electric vehicle adoption.
Subscription Model Details
Autonomy’s subscription service operates through a mobile application available on iOS and Android platforms. The minimum subscription term is 30 days, with month-to-month continuation available. Subscribers can return vehicles with two weeks’ advance notice.
The process includes:
- Vehicle selection through the Autonomy app
- Credit card payment for monthly subscription fees
- Next-day delivery available in qualifying markets
- No credit impact from subscription activity
Los Angeles Operations
In Los Angeles, Autonomy partnered with Galpin Motors for Polestar vehicle distribution, service, and vehicle swapping capabilities. The partnership includes collaboration with Deloitte to develop digital technology solutions for customer experience enhancement.
Scott Painter, Founder and CEO of Autonomy, stated the company aims to make vehicle access comparable to streaming service simplicity while operating on customer-defined terms. Georg Bauer, Co-Founder and Chairman, emphasized the strategic value of combining startup innovation with Deloitte’s consulting capabilities.
Market Coverage
Autonomy operates in seven U.S. states: California, Texas, Florida, Washington, Arizona, North Carolina, and New York. The new vehicle options will be available across all existing markets as the fleet expansion progresses.
The company maintains service coverage, maintenance, and flexible insurance options as standard subscription components. All transactions process through credit card payment without traditional financing requirements or long-term commitments.
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