A leading commerce firm for leasing and buying cars, Roadster, recently announced they have collected another $15 million in funds, led mainly by an already heavy investor Costanoa Ventures.
This new funding will assist Roadster to begin scaling their operations by expanding their sales and fields team, boosting their marketing campaigns, and continuing to evolve their suites of Express Storefront products to keep up with their continually growing consumer demand from dealership groups, major dealers, and OEMS.
“Over the past year, Roadster has transformed from a Silicon valley startup into a powerful force in the automotive industry,” said Andy Moss, Roadster’s CEO. “Our suite of branded Express products have helped dealers, dealer groups and OEMs significantly improve operating results and we have become the go-to omni-channel commerce solution for dealers looking to streamline their sales processes. With over 300 rooftops, including relationship programs with automotive groups like Lithia and our participation as one of four of Lexus’ certified digital retail partners, it’s clear we’re onto something big.”
Different from other options within the marketplace that only focus on one potion of buying a car, Roadster allows dealerships and dealer group to provide a more efficient, end-to-end car purchasing and selling process. Roadster;s current suites of services includes:
Roadster is also working alongside some of the best known dealership groups, dealerships, and OEMs within the marketplace. Right now some of their customers include Lithia Paragon Honda and Acura and PMG's Longo Toyota, which is one of the biggest Toyota dealerships in the entire world, as well as others. Roadster has also been recognized as one of only four Lexus certified digital retail partners.
This latest burst of funding will bring Roadster's total amount raised to around $30 million.
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