AXA Strategic Ventures invests in Autolina.ch

There are approximately 1 million cars advertised, bought and sold in Switzerland every year. 70% to 80% of them are sold or procured online, making Internet the most used sales channel. AXA Winterthur wants to position itself on this market by creating a major mobility ecosystem.

Autolina.ch AG, founded in 2015 in Switzerland, is one of the first strategic partners to build this ecosystem. Indeed, the founders of the company have been in this business for many years and have built a strong network in this country. Moreover, the online platform is a significant lead generator as it generates high user traffic. It offers at this stage four types of services: a B2C marketplace on which car dealers can sell the exact type of cars desired by the customer; a C2B business through which individual customers can sell their car to car dealers on an auction basis; a B2B exchange market to ease the exchanges between car dealers; a job marketplace on which car dealers can post their job offers.

Part of the funds will be allocated to extend Autolina’s activities. The platform is an important pillar to build the future ecosystem. Besides that, autolina.ch as a cooperation partner is involved in building and operating the new “DriveAgain” service. It is an online garage service, which provides quotes for repairs based on specification put in by the customer. DriveAgain is a good opportunity to ease the process for customers but also lower the cost of auto repair and car insurance.

“Following last year's successful market launch of Autolina.ch, our next goals are to achieve a lasting market presence in Switzerland in addition to expanding abroad. The investment by AXA Strategic Ventures offers us valuable support in implementing these plans, commented Ibrahim Yildiz, CEO Autolina.ch. We are convinced that, with AXA Group, we have found the right partner, and we are looking forward to working together to further develop Autolina.ch.”

“We mainly want to invest in Autolina.ch in order to develop a build-up around car ecosystems in services that we can scale outside Switzerland throughout Europe, said Minh Q.Tran, General Partner, AXA Strategic Ventures. We also look for start-ups dealing with garage owners, spare parts, telematics, … Autolina.ch represents for us the perfect platform to grow other services. ”

About Autolina.ch AG
Autolina.ch was founded in 2015. Specialized in car trading, the platform gives car dealers the possibility to sell and buy vehicles. Benefiting from a good network in Switzerland, it eases the car selling or exchange processes and can provide adequate specialists in automobile business. Autolina.ch carries online vehicle advertisements offering exclusive functions. From its current total of 115,000 ads, Autolina.ch aims to become the biggest portal for vehicle advertisements within the next 12 months.

(Press release)