The Carwow Group – which includes the Carwow online marketplace, Auto Express, evo, Driving Electric and Carbuyer – has raised £41 million in new funding to accelerate its growth across the UK, Germany and Spain.
The funding round was led by global venture capital firm Bessemer Venture Partners which counts LinkedIn and Shopify within its investment portfolio, and has been joined in this latest investment round by a number of Carwow’s existing investors including Accel, Balderton, Episode 1 and Vitruvian.
Over 10 million customers have used Carwow to help them buy and sell cars since the business’s inception, and last year nearly £3bn worth of cars were bought through the platform while £1.8bn of cars were listed for sale through its Sell My Car (SMC) service.
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Spotlight on the customer
In this issue:
What consumers really want - trends and habits dealers must understand to provide the right buying experience
Barriers to EV purchase - many private motorists need extra help before they take the plunge
Delighting used car buyers - it's essential for retailers to offer tailored experiences and great value
Aftersales customer care - valuable interactions are vital as dealerships face fishing in a diminishing pool
A customer-first future - Steve Young, ICDP MD, gives AM an exclusive insight.
Read nowAuthor:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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