The car subscription business operated by AAM Group has secured new funding from Pario Ventures which it will use to scale its mycardirect offering. It was founded in 2020 and is experiencing growth for its car and commercial vehicle subscription packages.
AAM Group COO Colin Mather commented: “The flexibility of car subscription makes it highly attractive to consumers in these times of economic uncertainty. There is no long-term commitment, insurance and maintenance are included, monthly costs are known and a vehicle can be exchanged or returned as personal circumstances change.”
Dale Murray-Hundley, CEO Pario Ventures added: The car subscription space is one full of relatively young companies that face a number of challenges to grow as a business.”
Share