Canada Drives, a Vancouver, Canada-based provider of an online car shopping and delivery platform, raised $10M CAD in funding.
The backers were not disclosed.
The company intends to use the funds to expand into new markets across Canada.
Led by CEO Cody Green, Canada Drives provides an online car shopping and delivery platform available in Canada. Customers can shop for certified used vehicles, pay in full or finance, sign all documents, and have their vehicle delivered. Canadians can pay in full or finance, sign all documents, and have vehicles delivered to their doorstep as quickly as the same day. Earlier this year, the company launched its “Sell My Car” feature, where customers are given a quote for their vehicle in under two minutes. Customers can either decide to sell their vehicle and receive the money via direct deposit, or trade it in for a new one. Canada Drives will also pay off existing loans on the customer’s current vehicle.
Since launching its platform in 2020, Canada Drives has expanded from British Columbia to Ontario, Alberta, and most recently, Saskatchewan in May.
FinSMEs
06/10/2022