About CarLotz
CarLotz is a company based in Charlotte (United States) founded in 2011 was acquired by Shift Technologies in August 2022. CarLotz has raised $37.03 million across 4 funding rounds from investors including Shift Technologies and TRP Fund. The company has 403 employees as of December 31, 2022. CarLotz operates in a competitive market with competitors including ACV Auctions, Copart, Droom, Rollick and Openlane, among others.
- Headquarter Charlotte, United States
- Employees 403 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Carlotz, Inc.
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Annual Revenue
$258.53 M (USD)118as on Dec 31, 2021
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Net Profit
Not available
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EBITDA
$3.36 M (USD)886as on Dec 31, 2021
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Total Equity Funding
$37.03 M (USD)
in 4 rounds
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Latest Funding Round
$30 M (USD), Series B
Oct 13, 2017
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Investors
Shift Technologies
& 1 more
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Employee Count
403
as on Dec 31, 2022
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Acquired by
Shift Technologies
(Aug 09, 2022)
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People of CarLotz
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Funding Insights of CarLotz
CarLotz has successfully raised a total of $37.03M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in CarLotz
CarLotz has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Shift Technologies and TRP Fund.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in North America are managed by TRP.
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Software solutions for digital workspace management are provided.
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Investor details for CarLotz
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Investments & Acquisitions by CarLotz
Investment portfolio details for CarLotz
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Financial Statements - CarLotz
Detailed financials for CarLotz
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Carlotz Comparisons
Peer comparison for CarLotz
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Competitors of CarLotz
CarLotz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ACV Auctions, Copart, Droom, Rollick and Openlane, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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B2B online auctions for car dealers' inventory are facilitated.
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Used and salvaged vehicles are offered via an online marketplace.
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Used vehicles are bought and sold through an AI platform.
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| Locked | Locked | Locked |
Omnichannel marketing automation is provided to automotive OEMs and dealers.
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Wholesale used vehicles are auctioned online for dealers.
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Detailed competitors of CarLotz
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Latest news on Carlotz
Complete news archive for CarLotz
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Frequently Asked Questions about CarLotz
CarLotz was founded in 2011.
CarLotz is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
CarLotz is a funded company, having raised a total of $37.03M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at CarLotz is 403.
Annual revenue of CarLotz is $258.53M as on Dec 31, 2021.
Founded in 2011 and headquartered in Charlotte, United States, CarLotz operates in the automotive sector as an online peer-to-peer platform for consignment-based used car trading. Vehicles are consigned by sellers, with buyers sourced privately for a flat fee, eliminating traditional coordination needs. Additional services such as financing and warranties are provided to facilitate transactions.
CarLotz's top competitors include ACV Auctions, Droom and Copart.
CarLotz has 2 investors. Key investors include Shift Technologies, and TRP Fund.