Autonomy also operates in Los Angeles and San Francisco. Scott Painter, CEO and founder of the company, also founded Fair Inc., an automotive fin-tech company. Painter also founded and served as CEO of TrueCar Inc.
Photo: Autonomy
Electric vehicle subscription company Autonomy continues its expansion in the state of California, now adding the San Diego market to its coverage area, the company announced on April 7.
Autonomy had a commercial launch in Los Angeles in January and the San Francisco Bay Area in March and has hundreds of active subscribers already.
“Our mission is to provide consumers with easy, affordable access to electric vehicles,” said Scott Painter, founder and CEO of Autonomy. “We know California to be both the car capital of the world and an early adopter of disruptive new technologies that improve quality of life. We began in L.A., and naturally are excited about expanding into San Diego, the second largest city in California, as we continue to build our presence throughout the state.”
Offering consumers an easy way to experience a Tesla Model 3, Autonomy’s monthly subscription costs less than Tesla’s leasing or loan plans. Autonomy subscribers can reserve a Model 3 via Autonomy’s app or website and a $100 refundable deposit. A payment dial allows customers to personalize subscriptions from as low as $490 per month with an initial $4,900 payment, to $1,000 per month with an initial $1,000 payment. A $500 refundable security deposit is required when the subscription is activated.
Autonomy said its monthly payments cover the traditional costs of ownership, including annual registration and licensing fees, routine maintenance, roadside assistance, and wear and tear on tires. Autonomy drivers can also subscribe month to month after a three-month minimum hold period, offering an alternative option for those who do not want or cannot afford the long-term commitment of buying or leasing an electric car.
The company’s stock of Model 3s are available for delivery within a few days, compared with the six- to nine-month wait for a lease or loan.
“San Diegans are moving quickly toward adopting electric vehicles, and the city already has over 1,400 charging stations, including 250 DC fast chargers, which make it more convenient for consumers looking to get into an Autonomy subscription,” said Georg Bauer, co-founder and president of Autonomy.
Autonomy recently received $83 million in debt and equity financing to support its expansion.