About Velocity Automotive
Velocity Automotive is a company based in Destin (United States) founded in 2018 by Hugh Hathcock was acquired by Vehlo in January 2023.. Velocity Automotive offers products and services including VINSight, Window Stickers, Velocity Engage, and Digital Vehicle Portfolios. Velocity Automotive operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, Tekion, CDK Global and Seez, among others.
- Headquarter Destin, United States
- Founders Hugh Hathcock
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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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Products & Services of Velocity Automotive
Velocity Automotive offers a comprehensive portfolio of products and services, including VINSight, Window Stickers, Velocity Engage, and Digital Vehicle Portfolios. 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.
Provides vehicle diagnostic data for accurate appraisals in dealerships.
Generates OEM stickers to enhance vehicle sales and buyer confidence.
Facilitates customer interactions and reviews for automotive retail.
Offers detailed vehicle information to improve buying experiences.
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Funding Insights of Velocity Automotive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Velocity Automotive
Velocity Automotive has secured backing from 1 investor. Prominent investors backing the company include Vehlo. 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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Auto repair and financial services are provided to vehicle owners.
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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 Velocity Automotive
| 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 |
Financial Statements - Velocity Automotive
| 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 |
Velocity Automotive Comparisons
Competitors of Velocity Automotive
Velocity Automotive 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 Upstart, Reynolds and Reynolds, Tekion, CDK Global 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 |
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| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
Developer of an online P2P marketplace for used cars
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| domain | founded_year | HQ Location |
Dealership management solutions are provided for automotive dealers.
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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 Velocity Automotive
Frequently Asked Questions about Velocity Automotive
When was Velocity Automotive founded?
Velocity Automotive was founded in 2018.
Where is Velocity Automotive located?
Velocity Automotive is headquartered in Destin, United States. It is registered at Destin, Florida, United States.
What does Velocity Automotive do?
Velocity Automotive was established in 2018 in Destin, United States, by founder Hugh Hathcock. Operations focus on the automotive sector, where car sales, dealership management, and related services are delivered. The company supports vehicle transactions and dealership functions across its domain, velocityautomotive.com, targeting the U.S. market with practical automotive solutions.
Who are the top competitors of Velocity Automotive?
Velocity Automotive's top competitors include Upstart, Reynolds and Reynolds and Seez.
What products or services does Velocity Automotive offer?
Velocity Automotive offers VINSight, Window Stickers, Velocity Engage, and Digital Vehicle Portfolios.
Who are Velocity Automotive's investors?
Velocity Automotive has 1 investor. Key investors include Vehlo.