Cazoo has raised more than $100 million since its founding in 2018.
Cazoo, which strives to become the U.K. equivalent to Carvana, allows consumers to buy, sell, trade and finance used cars online. The U.K. used-car market is valued at $60 billion, with 8 million used vehicles sold annually, according to Cazoo Founder and Chief Executive Alex Chesterman.
The website enables consumers to choose from an online inventory of more than 1,600 used vehicles and, like Carvana, cars are delivered to consumers’ homes with the option to test drive the car for seven days or return it free of charge.
The startup’s inventory includes SUVs, luxury, and electric vehicles, and the test run comes with seven days free insurance and a free comprehensive 90-day warranty and roadside assistance.
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