About RumbleOn
RumbleOn is a company based in Charlotte (United States) founded in 2016.. The company has 1,960 employees as of December 31, 2024. RumbleOn has completed 6 acquisitions, including Autosport USA, Freedom Powersports and LLC Wholesale Supply. RumbleOn operates in a competitive market with competitors including CarLotz, Droom, Copart, Rollick and Edmunds.com, among others.
- Headquarter Charlotte, United States
- Employees 1960 as on 31 Dec, 2024
- 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
*********
- Legal Name Ridenow Group, Inc.
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Annual Revenue
$1.21 B-11.5as on Dec 31, 2024
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Net Profit
$-78.6 M63.53as on Dec 31, 2024
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EBITDA
$38.9 M208.73as on Dec 31, 2024
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Latest Funding Round
$1.25 M (USD), Post-IPO
Jan 14, 2020
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Investors
Ally
& 2 more
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Employee Count
1960
as on Dec 31, 2024
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Investments & Acquisitions
Autosport USA
& 5 more
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IPO & Listings of RumbleOn
RumbleOn is a publicly listed company on the NASDAQ with ticker symbol RDNW in USA, operating in the Retail trade 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 RumbleOn
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $1.2M
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First Round
First Round
(07 Jul 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Post-IPO - RumbleOn | Valuation |
investors |
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| May, 2019 | Amount | Post-IPO - RumbleOn | Valuation |
investors |
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| May, 2019 | Amount | Post-IPO - RumbleOn | 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 RumbleOn
RumbleOn has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ally, Hercules Capital and Geode Capital. 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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Venture debt financing is provided to companies in multiple sectors.
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Founded Year | Domain | Location | |
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Diversified asset and investment management services are provided.
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Founded Year | Domain | Location | |
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Banking, auto finance, investment, and insurance services are provided.
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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 RumbleOn
RumbleOn has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Autosport USA, Freedom Powersports and LLC Wholesale Supply. 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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Provider of pre-owned car dealership services
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2017 | ||||
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Used powersports vehicles are retailed by Freedom Powersports.
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2012 | ||||
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Powersports software solutions are provided to automotive dealerships.
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2012 |
| 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 - RumbleOn
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Rumbleon Comparisons
Competitors of RumbleOn
RumbleOn 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 CarLotz, Droom, Copart, Rollick and Edmunds.com, 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 |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Omnichannel marketing automation is provided to automotive OEMs and dealers.
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| domain | founded_year | HQ Location |
Multi-category used vehicles are listed and compared online for consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Rumbleon
Frequently Asked Questions about RumbleOn
When was RumbleOn founded?
RumbleOn was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is RumbleOn located?
RumbleOn is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
How many employees does RumbleOn have?
As of Dec 31, 2024, the latest employee count at RumbleOn is 1,960.
What is the annual revenue of RumbleOn?
Annual revenue of RumbleOn is $1.21B as on Dec 31, 2024.
What does RumbleOn do?
Founded in 2016 and headquartered in Charlotte, United States, RumbleOn functions within the online automotive sector focused on motorcycles. Pre-owned vehicles are facilitated for purchase, sale, trade, and financing by consumers and dealerships through the platform. Direct acquisitions from consumers are handled via instant cash offers, supporting a streamlined secondary market for these assets.
Who are the top competitors of RumbleOn?
Is RumbleOn publicly traded?
Yes, RumbleOn is publicly traded on NASDAQ under the ticker symbol RDNW.
How many acquisitions has RumbleOn made?
RumbleOn has made 6 acquisitions, including Autosport USA, Freedom Powersports, and LLC Wholesale Supply.
Who are RumbleOn's investors?
RumbleOn has 3 investors. Key investors include Ally, Hercules Capital, and Geode Capital.
What is RumbleOn's ticker symbol?
The ticker symbol of RumbleOn is RDNW on NASDAQ.