Motorway
Founded Year
2017Stage
Series C | AliveTotal Raised
$274.59MValuation
$0000Last Raised
$189.16M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-35 points in the past 30 days
About Motorway
Motorway is a technology-driven company in the automotive sector that specializes in facilitating the sale of used cars. The company offers an online platform where car owners can receive instant valuations, create profiles for their vehicles, and receive competitive offers from a network of over 5,000 dealers. Motorway's service includes free home collection of the vehicle and fast payment, streamlining the car selling process for consumers. It was founded in 2017 and is based in London, England.
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Research containing Motorway
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Motorway in 1 CB Insights research brief, most recently on Dec 2, 2021.
Expert Collections containing Motorway
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Motorway is included in 3 Expert Collections, including E-Commerce.
E-Commerce
11,046 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,249 items
Auto Commerce
700 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Latest Motorway News
Oct 24, 2024
Used car marketplace Motorway is launching a new insurance product designed to protect dealers from mechanical and electrical issues when buying used vehicles online. Partnering with Opteven which specialises in warranties and mechanical breakdown coverage across Europe, Motorway Protect covers dealers for up to £5,000 in repair costs for £29.99 per vehicle. The insurance policy, regulated by the FCA, aims to safeguard dealers from costly mechanical surprises, helping them maintain profit margins when buying stock online. Motorway Protect is available for vehicles up to 10 years old and with fewer than 100,000 miles, making it suitable for a wide range of used cars. Coverage begins the day after payment and dealers can make claims easily via an online portal, which is accessible 24/7. This portal allows dealers to submit claims in just a few minutes, with a decision typically made within two hours. James Wilson, COO of Motorway, commented: "Every product and feature we launch, from fast, secure payments with Motorway Pay to hassle-free transport with Motorway Move, aims to enhance the car-buying experience for our dealer partners. Motorway Protect is no different. “We know that unexpected mechanical and electrical issues can be costly and time-consuming. To address this, we're introducing Motorway Protect, an industry-leading product, backed by trusted partners, at a highly competitive rate. The easy claims process and quick decision-making ensures a hassle-free experience, protecting dealers' margins. We're thrilled to offer this to our dealer partners." James Barr, head of national programmes at Opteven added: “Motorway has a vision to build a better car market for everyone, harnessing the power of technology to deliver an amazing experience. In partnership with Opteven, this experience has now been further enhanced through the provision of a market leading insurance solution to give retailers that additional level of confidence when using Motorway.’’
Motorway Frequently Asked Questions (FAQ)
When was Motorway founded?
Motorway was founded in 2017.
Where is Motorway's headquarters?
Motorway's headquarters is located at 2nd Floor, Tennyson House, London.
What is Motorway's latest funding round?
Motorway's latest funding round is Series C.
How much did Motorway raise?
Motorway raised a total of $274.59M.
Who are the investors of Motorway?
Investors of Motorway include BMW i Ventures, Unbound, Latitude, Index Ventures, ICONIQ Growth and 7 more.
Who are Motorway's competitors?
Competitors of Motorway include Carsome, Carwow, Cazoo, Autozen, SheerDrive and 7 more.
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Compare Motorway to Competitors
Carsnip is a comprehensive car search engine focused on the automotive industry. The company provides a platform for users to search for used cars, offering a variety of tools to facilitate informed purchasing decisions. Carsnip primarily serves the automotive sales sector, connecting buyers with dealers through an efficient online marketplace. It is based in Cardiff, Wales.
Carwow is a digital platform specializing in automotive sales and services. The company facilitates the buying and selling of new and used cars, including electric and hybrid vehicles, and offers car leasing options. Carwow primarily serves the automotive retail industry by connecting customers with dealerships for car purchasing and selling experiences. The company was formerly known as Digital Blurb. It was founded in 2013 and is based in London, United Kingdom.
Carsome provides an e-commerce platform, specializing in the online buying and selling of used cars. The company offers a comprehensive service that includes car inspection, valuation, an online bidding portal for dealers, and logistics support, ensuring a seamless selling experience for customers. It was founded in 2015 and is based in Petaling Jaya, Malaysia.
VavaCars operates as a technology-enabled used car platform that provides a transparent and hassle-free car-buying experience, leveraging its proprietary pricing and inspection technology to make car ownership accessible and affordable. In addition to buying and selling used cars, VavaCars also offers ancillary services such as servicing and extended warranty, providing customers with a comprehensive and convenient car ownership solution. It was founded in 2019 and is based in Istanbul, Turkey.
Spinny is a full-stack used car trading platform that specializes in offering high-quality, thoroughly inspected second-hand cars. The company provides a transparent and seamless car buying and selling experience, featuring a rigorous 200-point quality check and a 5-day money-back guarantee for all vehicles. Spinny also offers additional services such as car financing, a one-year comprehensive warranty, and buyback options to enhance customer satisfaction. It was founded in 2015 and is based in Gurugram, India.
Autocasion offers an online platform for buying and selling cars. The company offers new cars, second-hand cars, used vans, industrial cars, caravans, trailers, car rental services, and more. It was founded in 1996 and is based in Madrid, Spain.
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