About OPENLANE
OPENLANE is a company based in Carmel (United States). It operates as a Two-Sided Marketplace, and Commission-Based. OPENLANE has completed 12 acquisitions, including ADESA, Auction Frontier and BacklotCars. OPENLANE offers products and services including OPENLANE US, OPENLANE Canada, OPENLANE Europe, AFC, and AutoVIN.
- Headquarter Carmel, United States
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Sectors
Consumer
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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Latest Funding Round
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Investors
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Investments & Acquisitions
ADESA
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Products & Services of OPENLANE
OPENLANE offers a comprehensive portfolio of products and services, including OPENLANE US, OPENLANE Canada, OPENLANE Europe, AFC, and AutoVIN. 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.
A leading marketplace for dealer and commercial vehicles.
Largest digital wholesale marketplace for used vehicles in Canada.
Leading digital platform for automotive wholesale in Europe.
Financing solutions for independent dealers' vehicle inventory.
Reliable and accurate vehicle inspections for automotive industry.
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Funding Insights of OPENLANE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by OPENLANE
OPENLANE has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include ADESA, Auction Frontier and BacklotCars. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for automotive dealers to acquire used cars
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2015 | ||||
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Automotive auto parts and accessories are manufactured for vehicles.
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2014 | ||||
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B2B new car marketplace platform
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OPENLANE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openlane Comparisons
Competitors of OPENLANE
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about OPENLANE
Where is OPENLANE located?
OPENLANE is headquartered in Carmel, United States. It is registered at Carmel, California, United States.
What does OPENLANE do?
OPENLANE is established as a leader in creating the worlds greatest digital marketplaces for used vehicles. Operations are focused on providing platforms across the United States, Canada, and Europe. Comprehensive solutions are offered, including financing through AFC, vehicle inspections via AutoVIN, and automated shipping services with CarsArrive. Technology solutions like Velocicast for auctions and recovery software through Recovery Database Network are provided. The automotive wholesale industry is supported with end-to-end services, catering to dealers and commercial clients across multiple sectors.
What products or services does OPENLANE offer?
OPENLANE offers OPENLANE US, OPENLANE Canada, OPENLANE Europe, AFC, and AutoVIN.
How many acquisitions has OPENLANE made?
OPENLANE has made 12 acquisitions, including ADESA, Auction Frontier, and BacklotCars.
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