Motorway

Motorway is the next-generation used car marketplace with a vision to build a better car market for everyone, harnessing the power of technology to deliver an amazing experience.

Motorway helps everyone sell their car for more in a few simple taps, and connect car dealers with with the best used stock instantly - without the middlemen, and entirely online.

Motorway was founded in 2017 by Tom Leathes, Harry Jones and Alex Buttle. The company is headquartered in London, UK.

 

Motorway's platform allow consumers to sell their car via a smartphone app that also uses computer vision to assess the state of the car. The cars are then bid on by professional car dealers in a daily online auction.

 

Motorway enables customers to sell their car for up to £1,000 more in as little as 24 hours - while supporting our car dealer partners to acquire the best used car stock, 100% online.

 

Motorway currently has a network of 4,000 professional car dealers using the platform. Some 100,000 used cars have been sold on Motorway since launch, with over 8,000 cars currently being sold a month.

 

Motorway is backed by Index Ventures, ICONIQ Growth, Latitude, Unbound, BMW i Ventures, Marchmont Ventures, and others. The company raised $190M in Series C round on Nov 29, 2021. This brings Motorway's total funding to $273M to date. The latest round mints Motorway a unicorn with a valuation of over $1B post-money.

 

 

  • Year founded: 2017
  • Funding Info: $273M over 4 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at over $1B as of Nov 29, 2021
  • City/Town: London
  • State: London
  • Country: United Kingdom
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