Cazoo has sold its German subscription business, Cluno, to ViveLaCar and The Platform Group. The portfolio includes several thousand vehicles in Germany. Financial terms were not disclosed.
The deal concludes Cazoo’s withdrawal from the German market and, with previously announced sales of other businesses in Europe, largely completes Cazoo’s entire withdrawal from mainland Europe.
Cazoo acquired Cluno in February 2021, again for an undisclosed sum, a few months after acquiring Drover in the UK. At the time, it said car subscriptions were a fast-growing market “and will become a core part of Cazoo’s proposition”.
Cluno was founded in 2017 and, when acquired by Cazoo, had a team of more than 100 based in Munich.