Planet42
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Planet42

https://planet42.com/
Last activity: 27.08.2024
Active
Categories: AfricaTechCarFastFinTechMobilityOwnRentalServiceSocialVehicles
Rent to own a pre-owned cars. Planet42 is a vehicle rental company offering rent-to-buy service for private clients.
Mentions
44
Location: South Africa, Gauteng, Johannesburg
Total raised: $235.08M

Investors 2

Funding Rounds 5

DateSeriesAmountInvestors
02.03.2023Grant$100M-
28.02.2023-$100MNaspers Ve...
22.12.2021-$30MNaspers Ve...
02.09.2020-$2.6M-
17.06.2020Seed$2.48MChange Ven...

Mentions in press and media 44

DateTitleDescription
27.08.2024Naspers sees R91-billion digital boost for South AfricaNaspers South Africa CEO Phuthi Mahanyele-Dabengwa Naspers expects e-commerce and other digital platforms to inject R91.4-billion into the South African economy by 2035. That would see the sector contribute 1.38% to GDP in just over a decad...
27.06.2024Estonia: A dynamic hub for technology and entrepreneurshipFueled by a forward-thinking government and a vibrant startup culture, Estonia has earned global recognition for its advancements in technology and digital governance. The country's commitment to digital transformation is evident in initiat...
05.04.2024Planet42, a startup based in South Africa, has raised $15.8 million in funding from Standard BankPlanet42, a South African automobile subscription platform that addresses mobility inequality by placing cars in the hands of individuals who do not have access to traditional bank credit, has raised ZAR300 million (US$15.6 million) in debt...
23.03.2024SA car subscription startup Planet42 raised $15.8 M funding from Standard BankIn order to help it grow, South African startup Planet42, which addresses transportation inequality by enabling individuals who are unable to obtain traditional bank credit to own cars, has raised ZAR300 million (US $15.6 million) in debt a...
28.02.2023Planet42 Receives $75M in Debt Financing and Equity investment from Rivonia Road CapitalPlanet42, a Tallinn, Estonia-based mobility startup that offers rent-to-buy car subscriptions, received $75m in debt financing, alongside an equity investment from Rivonia Road Capital. This debt facility allows the company to buy 10,000 ca...
23.02.2023Planet42, a South African car subscription company, raises $100M in debt and equityPlanet42, a South African auto subscription company that purchases used vehicles from car dealerships and rents them to consumers on a subscription basis, has raised $100 million in debt and equity. This latest round of funding includes a m...
23.02.2023Estonian-born Planet42 shifts its expansion into high gear with €94M funding from Naspers, othersEstonia-founded Planet42 is a car subscription startup that addresses transport inequality with a socially inclusive subscription model. On Wednesday, February 22, Planet42 announced that it has raised $100M (approximately €94M) in combined...
22.02.2023Car Subscription Startup Planet42 Raises $100 Million to Address Transport InequalityPlanet42, a South African car subscription startup, has raised $100 million in combined equity and debt funding to address transport inequality by putting cars in the hands of people who cannot access traditional bank credit. The $15 millio...
22.02.2023Naspers backs South Africa’s Planet42 in R1.8-billion raiseNaspers, an early investor in China’s Tencent and still its largest shareholder, is backing rent-to-buy car firm Planet42 in a US$100-million (R1.8-billion) debt and equity fundraising. The start-up, which mainly operates in South Africa wh...
22.02.2023South African car subscription service Planet42 raises $100M equity, debtPlanet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. Naspers, through its ea...
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