Skip to main content

Used car marketplace Motorway picks up £11M Series A

Motorway, the U.K. used car marketplace, has raised £11 million in Series A funding. Leading the round is Marchmont Ventures, the fund managed by Hugo Burge and Alan Martin (the former CEO and CFO of Momondo Group, respectively), along with participation from existing backer LocalGlobe.

Founded by the team behind Top10 — the mobile and broadband comparison site that exited to uSwitch in 2011 — Motorway has set out to make it easier to sell your used car online. The website lets car sellers instantly see live offers from multiple car buying services and specialist dealerships. You can compare headline offers, buyer reviews, and fees and collection options to find the best deal.

It competes with a number of other used car selling options including having to visit multiple car dealers to negotiate a sale, or list privately on websites like AutoTrader or eBay. The other option is to use one of a number of online car buyers, such as WeBuyAnyCar, that provide a quick disposal option but where prices paid are typically low. Motorway says that by comparing offers, consumers can get up to £1,000 more than going direct to one buyer.

The London and Brighton-based company has also launched a dedicated product for dealers, dubbed “Motorway Pro”. Sellers complete a detailed online profile of their car and if it is relatively new or higher priced they have the option to make it accessible to dealers on the Motorway Pro platform. Dealers then have 24 hours to bid for the vehicle, after which the winning dealer is connected to the seller to complete the transaction.

The Pro platform is built on mobile messaging: dealers get alerted about vehicles that fit their requirements via text message or WhatsApp. “The process removes middlemen from the sale process, making it much more efficient, resulting in a better deal for both the car seller and the dealer,” says Motorway.

Meanwhile, Motorway co-founder and CEO Tom Leathes tells me the startup is now driving over 100,000 sales enquiries per month — a sales enquiry every 30 seconds, apparently. A year ago that sat at 25,000 per month, representing 4x growth. “We’ve closed over £130 million in completed car sales,” he adds.

To help achieve this, Motorway on-boarded online buyers to the site, including Arnold Clark and Motor Depot. The startup also has partnerships with major car buying websites such as motors.co.uk and Parkers. Last month, Motorway’s first TV ad launched too.



from TechCrunch https://tcrn.ch/2X624Nv
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...
1 comment
Read more

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down.   What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...
Post a Comment
Read more

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...
Post a Comment
Read more