About Freedom Powersports
Freedom Powersports is a Transportation, Automotive & Logistics company based in Canton (United States) founded in 2012 by Kevin Lackey, and was acquired by RumbleOn in November 2021. It operates as an used powersports vehicles are retailed by Freedom Powersports. Freedom Powersports has raised $3.5 million across 1 funding round from investors including RumbleOn and Trinity Investors. Its chief executive is Kevin Lackey. Freedom Powersports offers products and services including Powersports Sales, Service Department, and Parts Department. Its focus areas include Auto, Auto Retail & Aftersales, Dealership and Two-Wheelers. Its competitors include Copart, Droom, Group1 Automotive, AutoNation and CarLotz and 5 more; 4 of its 10 listed competitors have raised funding.
Company details
Freedom Powersports was established in 2012 by Kevin Lackey as a retailer in the powersports sector. Used motorcycles and related vehicles are sold through its operations based in Canton, United States. The company maintains an online presence via freedompowersportsusa.com, focusing on inventory and sales of pre-owned items within the local and regional market. Leadership is provided by the founder and CEO.
Products & Services of Freedom Powersports
Freedom Powersports offers a comprehensive portfolio of products and services, including Powersports Sales, Service Department, and Parts Department.
Sales of new and used motorcycles and ATVs
Repair and maintenance for powersports vehicles
Supply of components for powersports equipment
Apps and channels of Freedom Powersports
its YouTube channel RideNow Powersports has 2.32K subscribers and 30 videos.
Videos from Freedom Powersports
The most watched videos on Freedom Powersports's YouTube channel, RideNow Powersports (2.32K subscribers). Click a video to play it here.
More on RideNow Powersports.
Funding Insights of Freedom Powersports
Freedom Powersports has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.5 million completed in March 2016. 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 $3.5M
- Total Rounds 1
- Last Round Seed — $3.5M
- First Round $3.5M
(Mar 2016)
- Investors Count 1
All 1 funding rounds of Freedom Powersports with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $3.5M | Seed | – | Trinity Investors | – |
2 investors in total: 2 institutional.
Investors in Freedom Powersports
Freedom Powersports has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include RumbleOn and Trinity Investors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | trinityinvestors.com | - | |
Online marketplace providing second-hand bikes | 2016 | rumbleon.com | Charlotte, United States |
Investor details for Freedom Powersports
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People of Freedom Powersports
1 people are tracked at Freedom Powersports (1 in leadership).
| Name | Role | Group |
|---|---|---|
Kevin Lackey | Founder & CEO | Leadership |
Complete people profiles for Freedom Powersports
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Timeline of Freedom Powersports
3 dated milestones of Freedom Powersports across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Freedom Powersports is founded.
- Funding First funding round of $3.5M.
- Exit Acquired by RumbleOn.
Competitors of Freedom Powersports
Freedom Powersports has 10 listed competitors in our database, 4 of them funded. They include Copart, Droom, Group1 Automotive, AutoNation and CarLotz, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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. | |
| group1auto.com | 1997 | Houston, United States | – | 16,011 | Provider of new & used cars and trucks dealership services | |
| autonation.com | 1991 | Fort Lauderdale, United States | – | 22,443 | New and used vehicles are offered online by AutoNation. | |
| carlotz.com | 2011 | Charlotte, United States | $37.03M | 403 | Used cars are traded via an online consignment platform. | |
| rumbleon.com | 2016 | Charlotte, United States | – | 2,717 | Online marketplace providing second-hand bikes | |
| pendragonplc.com | 1989 | Nottingham, United Kingdom | – | 9,564 | Car dealership, repair, and leasing services are provided. | |
| rollick.io | 2017 | Austin, United States | $5.6M | 89 | Omnichannel marketing automation is provided to automotive OEMs and dealers. | |
| moncoyote.com | 2005 | Suresnes, France | – | – | Integrated solutions for fleet management and vehicle tracking | |
| edmunds.com | 1966 | Santa Monica, United States | $50M | 439 | Multi-category used vehicles are listed and compared online for consumers. |
Detailed competitors of Freedom Powersports
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Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Freedom Powersports (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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Related news about Freedom Powersports
Complete news archive for Freedom Powersports
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Frequently Asked Questions about Freedom Powersports
Freedom Powersports was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Freedom Powersports is headquartered in Canton, United States. It is registered at Canton, Ohio, United States.
Kevin Lackey is the current CEO of Freedom Powersports. They have also founded this company.
Freedom Powersports is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Seed of $3.5M, raised on Mar 2016.
Freedom Powersports was established in 2012 by Kevin Lackey as a retailer in the powersports sector. Used motorcycles and related vehicles are sold through its operations based in Canton, United States. The company maintains an online presence via freedompowersportsusa.com, focusing on inventory and sales of pre-owned items within the local and regional market. Leadership is provided by the founder and CEO.
Freedom Powersports offers Powersports Sales, Service Department, and Parts Department.
Freedom Powersports has 2 investors. Key investors include RumbleOn, and Trinity Investors.
Yes. Freedom Powersports was acquired by RumbleOn in November 2021.