About LMP Motors
LMP Motors is a company based in Fort Lauderdale (United States) founded in 2016.. LMP Motors has raised $10.91 million across 4 funding rounds from investors including Riveria Investment Group. LMP Motors has completed 6 acquisitions, including Alan Jay Automotive Network, Atlantic Auto Group and Bachman-Bernard Chevrolet Buick GMC. LMP Motors operates in a competitive market with competitors including Autonomy, Canoo, GO, FreshCar and Borrow, among others.
- Headquarter Fort Lauderdale, United States
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Lmp Automotive Holdings, Inc.
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Annual Revenue
$30.44 M180.36as on Dec 31, 2020
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Net Profit
$-4.82 M-19.5as on Dec 31, 2020
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EBITDA
$-326.71 K84.78as on Dec 31, 2020
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Total Equity Funding
$10.91 M (USD)
in 4 rounds
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Latest Funding Round
$20 M (USD), Post-IPO
Feb 25, 2021
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Alan Jay Automotive Network
& 5 more
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IPO & Listings of LMP Motors
LMP Motors is a publicly listed company on the OTC with ticker symbol LMPX in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of LMP Motors
LMP Motors has successfully raised a total of $10.91M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $20 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 4
- Last Round Post-IPO — $20.0M
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First Round
First Round
(05 Mar 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Post-IPO - LMP Motors | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - LMP Motors | Valuation |
investors |
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| Jun, 2018 | Amount | Series A - LMP Motors | Valuation |
investors |
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| 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 |
Investors in LMP Motors
LMP Motors has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Riveria Investment Group. 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 |
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Riveria Investment Group is engaged in private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LMP Motors
LMP Motors has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Alan Jay Automotive Network, Atlantic Auto Group and Bachman-Bernard Chevrolet Buick GMC. 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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Car maintenance services are offered by Kia of Port Charlotte.
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2015 | ||||
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Car rental services are provided in Cape Coral, United States.
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2010 | ||||
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New and used cars are sold online by Hometown Subaru.
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2003 |
| 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 - LMP Motors
| 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 |
Lmp Motors Comparisons
Competitors of LMP Motors
LMP 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 Autonomy, Canoo, GO, FreshCar and Borrow, 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 |
Electric car subscriptions are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Multiple categories of electric vehicles are designed and developed.
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| domain | founded_year | HQ Location |
Cars are subscribed to and accessed via an online platform.
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| domain | founded_year | HQ Location |
Online car subscription platform
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| domain | founded_year | HQ Location |
Electric vehicle subscriptions are offered through an online platform.
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| 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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Latest news on Lmp Motors
Frequently Asked Questions about LMP Motors
When was LMP Motors founded?
LMP Motors was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is LMP Motors located?
LMP Motors is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
Is LMP Motors a funded company?
LMP Motors is a funded company, having raised a total of $10.91M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $771.02K, raised on Mar 05, 2018.
What is the annual revenue of LMP Motors?
Annual revenue of LMP Motors is $30.44M as on Dec 31, 2020.
What does LMP Motors do?
LMP Motors was founded in 2016 in Fort Lauderdale, United States, within the automotive subscription sector. An app-based platform is operated to connect users with vehicles on a subscription model. Inventory browsing, payment and mileage comparisons are enabled for users. Monthly vehicle swaps are allowed, alongside a subscribe-to-own option for eventual purchase. The service is accessible via iOS and Android applications.
Who are the top competitors of LMP Motors?
Is LMP Motors publicly traded?
Yes, LMP Motors is publicly traded on OTC under the ticker symbol LMPX.
How many acquisitions has LMP Motors made?
LMP Motors has made 6 acquisitions, including Alan Jay Automotive Network, Atlantic Auto Group, and Bachman-Bernard Chevrolet Buick GMC.
Who are LMP Motors's investors?
LMP Motors has 1 investor. Key investors include Riveria Investment Group.
What is LMP Motors's ticker symbol?
The ticker symbol of LMP Motors is LMPX on OTC.