Drive Motors, a San Francisco, CA-based provider of e-commerce solutions for large car dealerships, raised $5.2m in seed funding.
The round was led by Bullpen Capital, with participation from existing investors Y Combinator, Khosla Ventures, Perkins Coie LLP, Emagen Entertainment Group, and others. In conjunction with the funding, Duncan Davidson, a general partner of Bullpen Capital, will join Drive Motors’ board.
The company will use its new funding to expand its dealership network, and develop more features to streamline the car-ownership experience.
Led by Aaron Krane, CEO and founder, Drive Motors builds ecommerce experiences for auto dealerships. For dealerships, it offers an online-checkout experience that integrates into their own website and showroom, and transforms their dealership into an ecommerce destination. For buyers, Drive Motors offers an end-to-end checkout experience that removes sales pressure from the showroom, and lets people buy at home in their comfort zone.
Since completing Y Combinator’s incubator program in 2016, the company has grown to over 1,000 car orders per month and $250m in annual order volume for its dealership customers.