Acquisitions, product launches, funding, OEM approvals, and leadership moves across automotive dealership technology — tracked and updated daily.
FUSE Autotech raised $10 million in a Series round led by Target Global to automate car buying finances. This fintech vendor serves dealership F&I operations.
Bosch receives $225 million in federal funding as part of a larger $2 billion commitment to transform semiconductor production facility. Capital funding announcement.
Fuse Autotech announced a $10M Series A funding round. Fuse Autotech is an automotive dealership software vendor serving the dealer ecosystem.
Lucid confirms $750M investment from Saudi Arabia's PIF alongside new CEO appointment, with Uber increasing investment and vehicle orders for robotaxi project. Strategic investment funding event for automotive manufacturing company.
FUSE Autotech, a fintech platform serving automotive, raises $10M in Series A funding led by Target Global. This is a clear capital raise event for an automotive-relevant vendor.
Work Truck Solutions announces it has secured a strategic majority investment from Rubicon Technology Partners, a private equity firm focused on software companies. This is a strategic PE investment without acquisition.
STELLA Automotive AI announces $11 million in convertible loan financing to support market growth, team expansion, and product development. This is a strategic capital raise by an automotive AI vendor.
Lendbuzz announces completion of a $163.15 million asset-backed securitization of retail automobile contracts, its second securitization of 2023. This represents capital raising/financing activity.
WarrCloud raises $20 million in Series B funding led by Centana Growth Partners to accelerate AI technology development for warranty claims automation. This is a clear capital raise announcement.
Motoinsight announces prior strategic investment by Thoma Bravo (which owns J.D. Power, Autodata Solutions, ALG, and AutoTrader.ca). Capital raise via PE investment in automotive vendor.
Autozen announces $5M funding round to expand from Vancouver into Canadian cities and Seattle market. Strategic capital injection to fuel geographic expansion.
Canada Drives raises $40M in equity capital from Goeasy Ltd. as a strategic partnership/investment for national expansion. This is a significant capital raise for an automotive sales platform.
Autozen, a Canadian car-selling platform, closes a $5M+ oversubscribed seed funding round led by Vanedge Capital. While Autozen is consumer-focused rather than dealership-vendor focused, it does serve the automotive ecosystem.
DigniFi secures $175 million in new funding from Encina Lender Finance ($150M credit facility) and Brigade Capital Management ($25M debt financing). Strategic investment to expand auto repair financing solutions.
RunBuggy, an AI-powered automotive logistics platform, announces a $37 million Series B funding round led by Centana Growth Partners. The company serves the automotive transportation and logistics ecosystem which is adjacent to dealer operations.
Lendbuzz, an AI-based auto lending fintech company, announced a new $400 million forward flow agreement with Viola Credit. This represents continued strategic investment commitment in the auto financing space.
Car IQ announced new growth financing with FT Partners leading capital raising strategy, building on a recent $8 million strategic investment. Company is pioneering payment technology for connected vehicles.
RockED secured a strategic growth investment from FM Capital, a venture firm focused on mobility innovation. This is a capital raise by an automotive workforce training vendor.
Canada Drives, an online car-seller platform, raised $40 million in equity capital from Goeasy Ltd. as a strategic investment. This is capital funding without an acquisition.
AUTOSLED ranks No. 513 on Inc. 5000 list with 790% three-year revenue growth. Recognition of rapid growth indicates significant company milestone and likely reflects recent capital activity.
Lendbuzz, an auto lending fintech serving the automotive market, completed a $235 million asset-backed securitization to fund its auto loan business.
Verkada announced a $200 million Series E funding round led by General Catalyst, valuing the company at $4.5 billion. While Verkada provides physical security solutions, this funding is not specific to automotive dealership applications.
Autozen Technology Ltd., a Canadian online car sales platform, raises $4.2 million in funding. Autozen operates in the digital retail space for automotive sales, serving the dealership ecosystem.
Blink Charging Co. announced that its subsidiary Envoy Technologies, Inc. has filed a registration statement on Form S-1 with the SEC to conduct an IPO. This represents a capital raise event for the EV car-sharing services provider.
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