Planet42 is a vehicle rental company offering rent-to-buy services for its clients. Took a vehicle on one of these deals in 2017. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. Planet42 Managing Director Grant Wing (Image source: Planet42) According to Mordor Intelligence's Car Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) report, the global car rental market was worth $119.28 billion in 2021 and is expected to reach $223.07 billion by 2027 with a cumulative annual growth rate . You can buy the car from us outright at any point the buy-out price decreases every month. Find out more about how we use your personal data in our privacy policy and cookie policy. Anything longer than that and a car subscription is likely to be the better choice. Ft. 29332 Deep Shadow Dr, Agoura Hills, CA 91301. Once you do that we'll get back to you within 24 hours with our final decision. After 5 years the buy-out price is R5000. Planet42 has bought more than 12,000 cars for its customers in South Africa and Mexico. SOLD MAR 7, 2023. Buy. . Conejo Creek North, 1379 E. Janss Road, Thousand Oaks, CA. Thank you for submitting your application! Agreement amount was R512 000. 's Products & Differentiators. Investors of Planet42 include Rivonia Road Capital, Naspers, ARS Holdings, Martin Villig, Change Ventures and 8 more. Most of our employees are South African. Provider of rent-to-buy automotive services intended for long-term vehicles to rent without paying the full financing cost. Depending on how you want to use the service, Planet42 could be both of those things. Its that simple. Autochek is an online marketplace for car sales. Launching now in Mexico . Planet42 specialises in financial services. Planet42 is democratising mobility by enabling people unfairly ignored by banks to get access to a personal vehicle with its socially inclusive car subscription. I am really impressed! 2 Baths. Thank you for submitting your application!Your unique data is being processed, please wait. Planet42 has purchased over 5,000 vehicles in the African country in the last 12 months. Customers could, through this subscription service, drive a sports car for a few months and then switch to a minivan for travel with the family for another few months. Just find the used car thats perfect for you and contact the dealership. Planet42's headquarters is located at Johannesburg. It has purchased 10 000 cars since its . Even though the founders are originally from Estonia, Planet42 is very much a South African business. Gauteng, NA - South Africa, South Africa 51-100 Debt Financing Private planet42.com 4,667 Highlights Total Funding Amount $150.4M Contacts 8 Employee Profiles 4 Investors 11 Similar Companies 9 Seed ARS Holdings Find More Contacts for Planet42 Grant Wing COO If you have been turned down for vehicle finance and are looking to improve your mobility by getting your own car, you can apply on the Planet42 website right now. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Planet42, formerly known as CarGet,is a car subscription company that buys used cars from dealerships and rents to customers via a subscription model. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. A more fundamental issue is that if you do any significant mileage, then the renting model becomes much more expensive than a car subscription. Car subscriptions first began as an extension of luxury dealerships trying to hold on to customers, and from there branched out to an app-based model that was supported by a group of new tech startups. From Rotary Club of Thousand Oaks: "This year the event is May 7th, 2023 from 12-5pm with the VIP Hour from 11am to 12pm. We have partnered with more than 700 dealerships in South Africa. Overview Top Contacts Similar Company Technology Stack FAQs Planet42 overview Planet42 top contacts Planet42 technology stack Planet42 key technologies used on the website. In contrast, car subscriptions usually have insurance included in the monthly subscription payment. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Planet42 stood by me throughout this very difficult period I am truly appreciative of their efforts and their humane approach. The applicant confirms that the information supplied is correct. . Because there are so many different car subscription models and each one has its own terms and conditions, there are a number of questions that you should ask yourself before deciding which one works best for you: Planet42 says that 93% of their customers had previously been rejected by a bank or simply would not have had any chance at approval. FlexClub has developed an online platform for owners to rent their vehicles to Uber Driver-partners. Planet42 has 12 employees. Planet42 does not sell cars, they provide a rent-to-buy solution for a vehicle which is purchased from a dealer on your behalf. CBI websites generally use certain cookies to enable better interactions with. For Sale: 29500 Mulholland Hwy, Agoura Hills, CA 91301 $1,600,000 MLS# FR22006801 7 acres on Mulholland Highway near Malibou Lake. #2. "100% of our PROFITS go to benefit local charities that are providing services to our Conejo Valley community. The investment which co-founder and CEO Eerik Oja called a bridge round is a prequel to a larger Series A round next year. Wrote the vehicle off revently. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 2023 PitchBook. Vai.Car offers a digital car rental application service. 4 legal parcels with 3 graded Lots. Planet42's products include Car Subscription. It is now betting on scaling operations and possibly expanding to other emerging markets . The market value for this residential property was estimated at $859,575. Tallinn, Harjumaa, Estonia. Unfortunately, your application was declined.We know circumstances continually change, so you are welcome to apply again in 2 months! {{ userNotificationState.getAlertCount('bell') }}. Planet42 Financial Services Access to mobility for the underbanked Follow See all 116 employees About us Planet42 is democratising access to mobility Website http://www.planet42.com. Planet42 is in financial services sector. Car subscription models have various allowances when it comes to vehicle usage, with some subscriptions such as Planet42 even granting unlimited usage in their terms. Determining the Best Car for Your Budget, Customer care contact hours : Monday Friday 09:00 17:30. 26,349. Rent-to-buy car subscription is an emerging model that gained popularity only recently, but has already proven to be extremely successful in countries like Germany, the UK and the US. The company has bought nearly 3,000 cars in South Africa and plans to . It aims to serve customers across the African market. The applicant gives consent to Planet42 to use his/her personal information for the marketing and promotion of Planet42 or third party goods and services. Planet42 rent-to-buy car subscription Struggling to get a car? Have the freedom of driving a car with Planet42 rent-to-buy car subscription. The secured funds [comprising $6 million equity and $24 million in debt financing] will be used to expand Planet42's car inventory in both South Africa and Mexico, putting the company on track to achieve its ambitious global goal of providing 1 million cars to people facing transport inequality by 2025. Also, the company has delivered 250 cars to customers Mexico last year. Gauteng, NA - South Africa, South Africa. Planet42 uses proprietary scoring algorithms to assess risk in underbanked customer segments. Planet42 analyses the customer's validation documents, such as IDs, payslips, and bank statements before purchasing the car from the dealership and renting it to the customer. Also, the company has delivered 250 cars to customers Mexico last year. We want car ownership to be available to everyone in South Africa who can afford it, not just the fortunate few favoured by the banks. Show Check dealership list by province LoadingLoadingLoading Loading Loading loading.loading.loading LoadingLoadingLoading Loading Loading loading.loading.loading LoadingLoadingLoading Loading Loading Planet 42 is now one of the single biggest clients for used car dealers in South Africa, having bought well over 2,000 cars from over 300 dealers as reported here. Lorem ipsum dolor sit amet consectetur adipisicing elit. Owning a car is more than a symbol of freedom; it is a life-changing asset that unlocks better career, educational and recreational opportunities and brings people closer together. Can I become the owner of the car and if so, on what terms? our sites and services. Not only did I get a well running and great car from them, they excelled even higher than my expectations by helping me with relief during this unfortunate lockdown. SOLD APR 12, 2023. Renting a car may also seem similar to a car subscription, but again, there are significant differences between the two. You find the car, we buy it for you. Up until this point, most car subscriptions have focused on offering upper-tier vehicles to people with very high credit scores, and they charge a premium for the added flexibility and luxury features such as being able to swap cars on a regular basis. Copyright 2023 CB Information Services, Inc. All rights reserved. Rent to Own Cars is for You, What Car Can I Afford? Car Dealers | Rent to Own Cars | Planet42 Car Dealers We have signed up over 700 car dealers across the country, find out the closest to you. It was founded in 2016 and is based in Sao Paolo, Brazil. Bank finance agreements have much less flexibility, locking in the customer for as long as 72 months and typically also have a high balloon payment at the end of the contract term, which most customers cannot afford. We, TechCrunch, are part of the Yahoo family of brands. The Planet42 team is passionate about democratizing mobility in South Africa. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. The 3 most popular patent topics include: Wind turbine manufacturers, Wind turbines, Geotechnical engineering, Wind power, Offshore engineering, LOS ANGELES--(BUSINESS WIRE)--Rivonia Road Capital Provides $75M to Naspers-Backed Global Car Subscription Fintech Planet42. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Understanding the differences between traditional car finance, renting, and subscribing to a car will help you decide which method is best for your needs. It uses a scoring algorithm to process client applications based on the credit bureau, affordability, and alternative data. Providing you with the latest motoring news, new car releases and the simplest way to buy and sell cars. This, after it recently raised $30 million of equity and debt from investors like Naspers and Lendable. As an Accredited Dealer with Planet42 Kent Motors is able to submit your application and upon approval sell you a vehicle according to your qualification criteria. Thank you for submitting your application! Planet42 claimed to have distributed more than 7,000 cars to customers in South Africa. Get the full list, Morningstar Institutional Equity Research, Chief Operating Officer & Managing Director. The company leverages technology to mitigate risk and promote financial inclusion by buying second-hand cars from a network of motor dealers and providing them to customers on a subscription basis, without the need to physically see the car. Check the section to learn more about which tools and technologies are used by Planet42 and how much is Planet42 oriented towards technology. Pictured above: Lebo, one of Planet42s many happy customers! free lookups / month. Car subscriptions started in 2010, when a car dealership in Hawaii started offering a service that allowed customers to pay a monthly fee in exchange for a high degree of flexibility and support in driving a personal vehicle. It rents cars for young people and for drivers of urban mobility apps. Please refer to the link to obtain further information on our privacy policy. It [] Dec 21, 2021 techcrunch.com Many banks dont offer finance, even to qualified professionals with steady jobs. Thank you Planet 42 I really appreciate everything you have done I am happy to recommend you to anyone who has a problem getting bank finance and really needs a car. Get contact details including emails and phone numbers But we do. No credit card required. "Now in our 46th year, the 2023 Chili Cook Off, Craft Brew Festival & Classic Car Show is poised to be our 'BEST EVER' with authentic craft breweries International Chili Society-sanctioned event. My approval was fast and payments affordable. Insrance paid current retail . "This year we will have 3 stages of LIVE music, where we try to find the best local musicians to showcase their talents. You drive the car and make monthly payments to Planet42. Planet42s approval algorithms provide a fair, quick, and simple picture of the financial situations of people that have been unfairly passed over by banks. Planet42 is a Financial Services company and has headquarters in South Africa. Meanwhile you can start looking for your new car. Meanwhile you can start looking for your new car. Planet42 claimed to have distributed more than 7,000 cars to customers in South Africa. "We are ran by 100% VOLUNTEERS. May 26, 2021. 3,783 talking about this. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Car subscriptions globally have been targeted at the wealthy and the young, who have no desire to visit a car dealership or hassle with insurance and registration. Planet42 Car Rental TrustIndex: 5.7/10verified business this is a verified business TRUSTINDEX RATING 5.7 OUT OF 10 INDUSTRY RANKING Not enough reviews to calculate NET PROMOTER SCORE 8 TRUSTINDEX RATING 5.7 OUT OF 10 INDUSTRY RANKING Not enough reviews to calculate NET PROMOTER SCORE 8 Reviews Company details "The BEST Car Show in Ventura County with classic to unique to cars from movies! The company is headquartered in Johannesburg, South Africa, with offices inTallinn, Estonia and Mexico City. Compete with Planet42 or in another space? Once you sign the contract and get your car, you make one monthly payment to us, which includes insurance and a tracker device. Quality Pre -Owned Vehicles Trade Ins welcome We offer Finance at all major Banks including varie What are the activation fees or deposits involved? VISIT OUR WEBSITE Connect with Planet42: Write to us: [email protected] planet42 cars planet24 planet 24 planet42 hello peter planet42 showroom planet42 reviews planet42 cars for sale planet 24 rent to own cars planet42 rent to buy planet42 contact details Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. I can really recommend this company. It lets users rent cars by the hour, days, or more through an application. Planet42 specialises in financial services. We've delivered more than 15,000 cars to customers in South Africa who would not have a car without us. Unfortunately, your application was declined. We buy the car and provide it in the form of a car subscription, as well as providing customers with a clear path to ownership. The company raised$100M in a new debt and equity financing round on Feb 22, 2023. You have the option to buy out the car at any time for the buy-out price, which decreases every month. 1,700 Sq. Planet42. "This year the event is May 7th, 2023 from 12-5pm with the VIP Hour from 11am to 12pm. Not everyone will be able to put down more than R10 000 on a credit card to get access to a rental car. The applicant hereby gives consent to Planet42 to make enquiries about his/her credit record, obtain whatever information on him/her that may be required to process this application. Planet42 has 12 employees. This is a profile preview from the PitchBook Platform. Planet42 headquarters is in South Africa. Founded by Marten Orgna and Eerik Oja, Planet42 targets individuals in emerging markets but has a presence only in Africa. Planet42 was founded in Estonia in 2017 by Eerik Oja and Marten Orgna. Learn more. Customers are free to choose from thousands of cars at partner dealerships, or, alternatively, they can get pre-approved through the Planet42 website and then shop anywhere for a car within their budget. Planet42: Contact Details and Business Profile Company Information Email Format Management Planet42 Information Provider of rent-to-buy automotive services intended to provide long-term vehicles at rent without paying the full financing cost. For instance, Planet42 asks for a minimum commitment of 6 months, after which time the customer can return the car at any time for a nominal fee. Planet42 is a completely new way to become a car owner. Is it possible to switch or swap out cars if I want. Customer care contact hours : Monday Friday 09:00 17:30. $150.2M over 7 Rounds (Latest Funding Type: Debt Financing), https://www.linkedin.com/in/grant-mark-wing/. Planet42 is a vehicle rental company offering rent-to-buy services for its clients. Planet42's latest funding round is Series B. Up to 5 Find out more about what drives us to democratise mobility. PARTNERED CONTENT. We buy the car and provide it in the form of a car subscription, as well as providing customers with a clear path to ownership. A car subscription may sound similar to bank finance, but there are important differences. But it would be more accurate to describe Planet42 as a new form of car subscription that has the mission of democratizing mobility at its core. Looking for a particular Planet42 employee's phone or email? Win whats next. See the exclusive by @business bloomberg.com Naspers Backs Rent-to-Buy a Car Firm in $100 Million Deal Questions to ask when thinking about a car subscription. The algorithms aim to determine a suitable budget for each customer and, based on this, subscribers to Planet42 can choose any new or pre-owned car from Planet42's network of more than 700 car . The deposit for a car subscription is usually much more affordable. This means that the customer is not liable to pay the shortfall in the cars realisation value, which the bank would charge to the customer when the bank sells off a car that has been returned to them. How Planet42 works differently than most car subscriptions. 362.48 HOURS About Planet42: Access to mobility for the underbanked. Unfortunately, your application was declined. Planet42 is included in 1 Expert Collection, including Fintech. Get data-driven expert analysis from the CB Insights Intelligence Unit. Planet42 is democratising access to mobility by offering car subscription for people unfairly ignored Planet42 . Planet42 is primarily a South African company. Is insurance and maintenance included in the subscription? Aside from hefty contract origination charges, these hidden fees also include comprehensive insurance, which the customer cannot opt out of. Contact Information Website www.planet42.com Formerly Known As CarGet Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Primary Industry Automotive Other Industries Media and Information Services (B2B) Primary Office Post Office Box 26403 Monument Park Pretoria, Gauteng 0105 South Africa Planet42 Timeline This is because nearly all rental agreements have a very limited daily kilometre allowance, after which the driver begins racking up fees. South Africa is playing catch-up, and there is still a lot of confusion about what exactly a car subscription entails. 4 Beds. This means that tens of thousands of vehicles are available for financing through Planet42. With your application approved, we buy the car of your choice from the dealership and then rent it to you on a subscription basis. Breast Ultrasound Screening Coming Direct to You! Our expenses are the lowest of any fundraiser fo this size ran in Ventura and Los Angeles County due to the amazing volunteers that work all day to put on this AMAZING historic community event. Moove, a vehicle financing platform for Uber drivers, raises $105M in debt and equity. It orchestrates multi-modal trip planning, payment, and fulfillment with one seamless experience. The car subscription company champions people "unfairly ignored by banks". Edit Lists Featuring This Company Section, Planet42 Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Estonian FinTech startup Planet42 secures $100M to scale affordable transportation, Financial Services Companies With More Than 50 Employees (Top 10K), FinTech Seed Stage Companies With More Than 10 Employees, South Africa Financial Services Companies. Planet42 provides a mobility finance platform offering customers access to personal vehicles. Become our dealer and join us on our mission. Planet42 hasbought more than 12,000 cars for its customers in South Africa and Mexico. Planet42 buys the car from OPS Cars and rents it to you. However, for most of us, buying a car outright with cash is out of the question, and that is where banks are supposed to help people with financing. Planet42 Funding, Investor and Contact Details. The company uses an automated scoring algorithm to process client applications based on the credit bureau, affordability, and alternative data. As car-sharing services and app-based ride-hailing services began to put pressure on big brand dealerships, many of them scrambled to offer new incentives that would make it easy to stick with one brand. Car Subscription. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. A flat-fee, monthly payment could cover everything from insurance to maintenance to warranty with the added bonus of being able to swap the car with relative ease. SaaS, Android, Cloud Computing, Medical Device), Operating Status of Organization e.g. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. It analyses the customers validation documents, such as identifications (IDs), payslips, and bank statements, before purchasing the car from the dealership and renting it to the customer. And with its algorithms, customers can find out what budget suits them and choose new or pre-owned cars from Planet42s dealership network. Search over 700 So what could owning a car give you? Moove competitors include Autochek, FlexClub, Planet42, and Drover. Ensure that your company and products are accurately represented on our platform. Best of all, a car subscription allows you to get behind the wheel of your own car quickly and begin building good credit immediately by paying your monthly subscription payments on time . The company was founded in 2017 and is based in Johannesburg, South Africa. So I have a client we insure. site you are consenting to these choices. This includes contact and bank details, vehicle specifics and supporting documentation (copy of ID and driver's licence, 3 latest payslips and 3 months' bank statement) . Need a Car on a Budget? All rights reserved. All you have to do is choose the one you like. Moove Africa was founded in 2019 and is based in Lagos, Nigeria. Upon approval, customers can access any new or pre-owned car from its network of over 700 almost 1,000 dealerships. But what do you do if the banks reject your application for car financing, as they do for the overwhelming majority of people that apply for a loan in South Africa? Service was friendly! To view Planet42s complete valuation and funding history, request access, To view Planet42s complete executive team members history, request access, To view Planet42s complete board members history, request access, Youre viewing 5 of 12 investors. Nearby homes similar to 2306 Terrace Ln have recently sold between $485K to $5M at an average of $580 per square foot. Car subscriptions are more flexible. Location. $1,250,000 Last Sold Price. Is there a limit to the amount that I can drive? Southeast Ventura County YMCA National Day of Prayer Breakfast, Skirball Center 'Peter Krasnow: Breathing Joy & Light' Exhibit 2023: Los Angeles, A Victorian Celebration - Coronation Day at the INN May 6th, Chili Cook-Off, Car Show & Craft Brew Festival 2023: Thousand Oaks. Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service. (business & personal). 20 were here. Thank you for submitting your application!Your unique data is being processed, please wait. "This funding is further proof that we . This brings Planet42's total funding to $150.2M to date. Planet42 New Rent-to-buy Car Subscription Service. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. First name Last name ID number Phone number Phone number e.g. Then theyll submit the application on your behalf. Planet42 is backed byNaspers Foundry, Naspers, ARS Holdings, Lendable, Rivonia Road Capital, Change Ventures, Startup Wise Guys, Martin Villig (Bolt), Ragnar Sass (Pipedrive), and others. Rivonia Road Capital Provides $75M to Naspers-Backed Global Car Subscription Fintech Planet42, Planet42Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Planet42 Receives $75M in Debt Financing and Equity investment from Rivonia Road Capital, Rent-to-Buy Firm Planet42 Gets $100M to Grow in South Africa, Open Shop in Mexico, South African Vehicle Rental Startup Planet42 Raises $100M For Its Car Renting Business. If you would like to customise your choices, click 'Manage privacy settings'. Once you do that we'll get back to you within 24 hours with our final decision. Nearby Recently Sold Homes. CBI websites generally use certain cookies to enable better interactions with our sites and services. "Now in our . Planet42 is democratizing mobility by enabling people ignored by banks to get access to a personal vehicle. Get a preliminary decision in less than 60 seconds! million verified professionals across 35 million companies. We have signed up over 800 car dealers across the country, find out the closest to you. For large custom estate . If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. You can read more about your. The South African Automotive Industry: Which Car is Made in South Africa? The three-year old startup has so far bought and rented cars to over 2,000 customers in South Africa. CB Insights Intelligence Analysts have mentioned Planet42 in 1 CB Insights research brief, most recently on Mar 21, 2022. We buy cars from South African dealerships, for South African people. Complete an application at one of the dealerships we have partnered with or online here. Planet42's approval algorithms provide a fair, quick, and simple picture of the financial situations of people that have been unfairly passed over by banks. By continuing to use this site you are consenting to these choices.
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