Automotive fintech company Fair announced the completion of $1 billion in financing from BMW’s iVentures, Penske Automotive Group, and Mercedes Benz, as well as debt funding from a group of investment banks and a Sherpa Capital entity. Fair offers car purchasers freedom, flexibility and an
Fintech startup Honcker announced it has raised $3.6 million in seed financing led by Evolution Corporate Advisors. Lead Edge Capital also participated in the round. Honcker’s car leasing platform acts as a marketplace connecting customers with their local dealerships and simplifying the leasing process. Users
Finova Financial announced it has secured $102.5 million in financing led by CoVenture. Finova Financial is a socially responsible lender that provides fast, affordable, car-equity based loans to the 70 million financially underserved Americans that spend $138 billion in fees and interest annually. Finova’s Car Equity
Transportation startup CarHopper announced the completion of $1.5 million in seed financing from an undisclosed investor. This online booking platform for luxury car rentals gives travelers access to the most unique cars in the world, from Ferraris and Bentleys to Lamborghinis and McLarens. Users simply search
Envoy Technologies today announced that the company has been awarded $1.5 million in funding from the California Energy Commission. The grant will allow Envoy to develop and implement an Electric Vehicle Shared Mobility Program that will primarily benefit disadvantaged communities in the greater Sacramento metropolitan
CarLotz completed $30 million in financing from TRP Capital Partners. CarLotz is a chain of marketplaces that allows used car buyers and sellers to transact with one another safely, efficiently, and anonymously. Its service enables customers to buy and sell used cars privately without the hassle
Insurance tech startup The Zebra closed $40 million in Series B financing led by Accel Partners. According to the company, The Zebra is the nation’s most comprehensive and most visited online car insurance comparison marketplace. Its technology provides real-time rates and educational resources to inform consumers
Insurance tech startup Clearcover announced the close of $11.5 million in financing led by Lightbank. Greycroft Partners, 500 Startups, and Silicon Valley Bank also participated. Clearcover is a new type of car insurance company that helps customers get the same coverage offered by big insurers
Automotive technology startup Zooomr today announced a new round of funding from Brand Labs. Zooomr, currently in closed beta, enables consumers to buy cars without setting foot in auto dealerships. Using smartphones or computers, consumers can virtualize the entire car leasing experience from the comfort