AUTO1

Auto1 Group operates a technology platform that connects the buyers and sellers of used cars. It also sources or buys used cars from original equipment manufacturers (OEMs), dealerships, and its own business units to sell them into its global dealership network.

AUTO1.com is the leading online marketplace for dynamic, smart buying and selling of fully inspected and certified vehicles. 

AUTO1 Group was founded in July 2012 by Christian Bertermann and Hakan Koç. The company is headquartered in Berlin, Germany with business operations in over 30 countries.

AUTO1 Group’s differentiation from competitors is that it uses its own cash to buy and store the cars until they get marketed. This speeds up the process for private and professional customers from an average of 90 days in Europe to about 10 day.

AUTO1 Group owns business units like AUTO1.com, Autohero.com or wirkaufendeinauto.de. In 2016, we sold more than 330,000 used cars and cooperated with more than 30,000 merchants within Europe.

 

AUTO1's investors include SoftBank Vision Fund, JP Morgan, Target Globaal, Golman Sachs, Citigroup and others. The company was valued 2.9 billion euros ($3.6 billion), during it's Venture funding of a €460M, on Jan 15, 2018.

 

 

  • Year founded: 2012
  • Funding Info: $1.1B in 9 Funding Rounds (Last Funding Type: Venture - Series Unknown)
  • Yearly Revenue: €2.2B (2018)
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at €2.9B ($3.6B) on Jan 15, 2018
  • City/Town: Berlin
  • State: Berlin
  • Country: Germany
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