User:FlyingAntelope/sandbox

Wagonex is a Cardiff-based business providing car subscription across the UK. Users pay a subscription fee for the right to use a vehicle with insurance, maintenance, tax, MOT, and breakdown cover, under 6 to 24 month contracts.

History
Wagonex was founded in Shoreditch, East London, in 2016 by Toby Kernon. The company's aim is to build the "Netflix of Cars", allowing users to subscribe to a convertible in the summer, and an SUV in the winter.

The company was among a group of seven technology innovators in the auto finance industry to be chosen by Volvo Financial Services as part of their iLabX incubator initiative.

In September 2019, Wagonex received investment from the Development Bank of Wales to accelerate Wagonex's development. Following this the company moved to Cardiff, Wales, where they are currently based.

In November 2019, a partnership was formed with Intelligent Car Leasing, the first broker-provided car subscription service.

Services
Wagonex does not directly own their vehicles, and instead supplies an online platform which networked dealerships can use as a marketplace. This vehicle subscription model costs a monthly fee, and includes all costs for the vehicle aside from fuel. Wagonex have partnered with PSA Finance and Volkswagen to provide subscription models on a white label basis.