About CARWAVE
CARWAVE is a company based in United States founded in 2009 was acquired by KAR Global in October 2021. CARWAVE offers products and services including Wholesale Platform. CARWAVE operates in a competitive market with competitors including ACV Auctions, Copart, Droom, CarLotz and Openlane, among others.
- Headquarter United States
- SectorsTransportation, Automotive & Logistics
- Website carwave.com
- Social LinkedIn X
- Acquired by KAR Global (Oct 2021)
- Investors
- Acquired byKAR Global
(Oct 2021)
Products & Services of CARWAVE
CARWAVE offers a comprehensive portfolio of products and services, including Wholesale Platform.
Online service for trading wholesale vehicles efficiently.
Investors in CARWAVE
CARWAVE has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OPENLANE.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
OPENLANE is recognized for building digital marketplaces for used vehicles. | – | karglobal.com | Carmel, United States |
Investor details for CARWAVE
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People of CARWAVE
18 people are tracked at CARWAVE (4 in leadership, 14 in team).
| Name | Role | Group |
|---|---|---|
John Lauer | Co-Founder | Leadership |
Lisa Gonzales | Human Resources Director | Leadership |
Derrick Thomas | Regional Operations Manager/Crew Chief | Leadership |
Jerome Davadilla | Director Of Software Development | Leadership |
Danielle Eclarinal | Senior Title Lead | Team |
Craig Schneider | Regional Sales Manager | Team |
Jessica Shalbi | Account Executive Inside Sales | Team |
Thelma Jernberg | Talent Acquisition Specialist | Team |
Linda Escobar | Title Specialist | Team |
Cj L. | Accounting Manager | Team |
Maria Estela Rogador | Accounting Clerk | Team |
Gina S. | Accounts Receivable Manager | Team |
Kevin Skeldon | Regional Sales Manager | Team |
Anjella A. | Account Executive | Team |
Linda Lopez | Senior Account Executive | Team |
Russ Harris | Senior Account Executive | Team |
Jason Lopez | Senior Account Executive | Team |
Jerald Camacho | Arbitrator | Team |
Complete people profiles for CARWAVE
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Timeline of CARWAVE
2 dated milestones of CARWAVE across 12 years, from founding to its latest funding, stage changes and deals.
- Founded CARWAVE is founded.
- Exit Acquired by KAR Global.
Competitors of CARWAVE
CARWAVE 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, CarLotz and Openlane, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| acvauctions.com | 2014 | Buffalo, United States | $350M | 1,674 | B2B online auctions for car dealers' inventory are facilitated. | |
| copart.com | 1982 | Dallas, United States | – | 10,200 | Used and salvaged vehicles are offered via an online marketplace. | |
| droom.in | 2014 | Gurugram, India | $344.27M | 156 | Used vehicles are bought and sold through an AI platform. | |
| carlotz.com | 2011 | Charlotte, United States | $37.03M | 403 | Used cars are traded via an online consignment platform. | |
| openlane.com | 1999 | Redwood, United States | $35M | – | Wholesale used vehicles are auctioned online for dealers. | |
| eblock.com | 2016 | Burlington, United States | – | 61 | Pre-owned cars are purchased outright through an online platform. | |
| drivindealer.com | 2015 | Chicago, United States | $17.5M | – | Online platform for automotive dealers to acquire used cars | |
| beepi.com | 2013 | Menlo Park, United States | $148.9M | – | Operates a peer-to-peer marketplace for car sales with consignment services. | |
| carmigo.io | 2020 | Tupelo, United States | $7M | – | Used vehicles are traded wholesale via an online dealership marketplace. |
Detailed competitors of CARWAVE
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Latest news on Carwave
Complete news archive for CARWAVE
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Similar companies to CARWAVE
10 companies that operate in the same segment as CARWAVE (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about CARWAVE
CARWAVE was founded in 2009.
CARWAVE is headquartered in United States.
Founded in 2009, CARWAVE operates as an online auction platform in the United States automobile sector. Auctions are facilitated for auto dealers, with vehicles offered without bad run numbers, sabotaged conditions, shipping costs, inspection fees, or seller fees. The platform supports transactions between buyers and sellers in a streamlined manner, focusing on domestic operations within the automotive industry.
CARWAVE's top competitors include CarLotz, ACV Auctions and Droom.
CARWAVE offers Wholesale Platform.
CARWAVE has 1 investor. Key investors include OPENLANE.
Yes. CARWAVE was acquired by KAR Global in October 2021.