About Digital Motors
Digital Motors is a company based in Irvine (United States) founded in 2018 was acquired by TrueCar in June 2022.. Digital Motors has raised $10 million across 2 funding rounds from investors including TrueCar, DN Capital and InMotion Ventures. Digital Motors offers products and services including Sponsored Listings, TrueCar+, and Acquisition Center. Digital Motors operates in a competitive market with competitors including Reynolds and Reynolds, Upstart, CDK Global, Tekion and Seez, among others.
- Headquarter Irvine, United States
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Digital Motors Corporation
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Digital Motors
Digital Motors offers a comprehensive portfolio of products and services, including Sponsored Listings, TrueCar+, and Acquisition Center. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for promoting vehicle listings on auto-buying sites.
Platform for car buying and ownership management tools.
Tool to connect dealers with in-market buyers efficiently.
Funding Insights of Digital Motors
Digital Motors has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in February 2021. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series A - Digital Motors | Valuation | DN Capital | |
| Feb, 2020 | Amount | Seed - Digital Motors | Valuation | Autotech Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Digital Motors
Digital Motors has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include TrueCar, DN Capital and InMotion Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focused on software, fintech, marketplaces, and consumer internet
|
Founded Year | Domain | Location | |
|
Venture capital and startup studio firm focused on transportation tech companies
|
Founded Year | Domain | Location | |
|
VC firm investing globally
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Digital Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Digital Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digital Motors Comparisons
Competitors of Digital Motors
Digital Motors 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 Reynolds and Reynolds, Upstart, CDK Global, Tekion and Seez, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
|
|
| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
|
|
| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
|
|
| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
|
|
| domain | founded_year | HQ Location |
Developer of an online P2P marketplace for used cars
|
|
| domain | founded_year | HQ Location |
Dealership management solutions are provided for automotive dealers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Digital Motors
Frequently Asked Questions about Digital Motors
When was Digital Motors founded?
Digital Motors was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Digital Motors located?
Digital Motors is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Who is the current CEO of Digital Motors?
Andreas Hinrichs is the current CEO of Digital Motors.
Is Digital Motors a funded company?
Digital Motors is a funded company, having raised a total of $10M across 2 funding rounds to date.
What does Digital Motors do?
Digital Motors was founded in 2018 and is headquartered in Irvine, United States. The company operates in the automotive sector, offering a SaaS-based platform for inventory management tailored to auto-dealers. Services include advanced vehicle search tools, monthly payment calculations, used car valuations, finance and insurance products, and vehicle delivery processes. Operations focus on streamlining dealer workflows across the United States.
Who are the top competitors of Digital Motors?
Digital Motors's top competitors include Upstart, Reynolds and Reynolds and Seez.
What products or services does Digital Motors offer?
Digital Motors offers Sponsored Listings, TrueCar+, and Acquisition Center.
Who are Digital Motors's investors?
Digital Motors has 7 investors. Key investors include TrueCar, DN Capital, InMotion Ventures, Autotech Ventures, and OpenRoad Auto Group.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.