Scott Painter’s Autonomy startup orders 23,000 EVs, companions with AutoNation
Subscription startup Autonomy introduced that it positioned orders Tuesday for 23,000 electrical automobiles from numerous automakers for its fledgling subscription platform. Autonomy, based by serial entrepreneur Scott Painter, additionally stated it’s partnering with dealership big AutoNation Inc. to acquire the automobiles and have them serviced.
The orders are for 45 fashions from 17 automakers and are valued at $1.2 billion, Autonomy stated in a launch. The corporate plans to take supply of all 23,000 automobiles inside 18 months, Painter instructed Automotive Information.
Autonomy’s enterprise mannequin is to supply subscribers an EV for a flat month-to-month price. The corporate is a rebrand of Painter’s 2020 enterprise, NextCar, which was a back-end software-as-a-service platform marketed towards car subscription suppliers.
Upon its launch in January, Autonomy had solely the Tesla Mannequin 3 accessible for subscribers. The corporate later added the Tesla Mannequin Y as an choice. The brand new orders and the partnership with AutoNation present myriad extra choices for Autonomy prospects, stated Painter, who’s greatest recognized for founding car listings firm TrueCar Inc.
“This actually represents our scaling second from simply being a Tesla supplier to being a supplier of each electrical automotive that meets our necessities,” Painter stated.
Whereas automobiles from Tesla make up the biggest portion of the corporate’s wave of orders — about 36 p.c, or 8,300 Mannequin 3s and Mannequin Y’s — the following greatest chunk will come from General Motors. The GM merchandise make up about 15 p.c, or 3,400 automobiles, of the order. Painter cited the Chevrolet Equinox, GMC Hummer EV and Cadillac Lyriq as examples of GM automobiles that had been ordered.
The timeline for deliveries, Painter stated, will likely be totally different for every make and mannequin and relies on manufacturing ranges and car launch schedules.
AutoNation will prep and ship the EVs to Autonomy. The dealership group, which has tons of of shops within the U.S., will even present upkeep companies for automobiles in Autonomy’s fleet.
This is not the first time AutoNation and Painter have completed enterprise. In 2015, AutoNation lower ties with Painter’s TrueCar over the sharing of buyer transaction information. By 2017, Painter and AutoNation had begun to make amends, as Painter’s then-new firm, Truthful, introduced a partnership with the retailer.
Autonomy’s take care of AutoNation took place due to AutoNation’s far-flung dealership community throughout the U.S. and its means to service automobiles whereas underneath subscription and stand behind the work, Painter stated.
AutoNation didn’t reply to a number of requests from Automotive Information for remark.