Illustration by ©Daniel_Caballero
Auto1 Group – Berlin unicorn seeks $500 million to expand globally
What do you get when you cannot sell your grandmother’s old cars? In Christian Bertermann’s case, it was a $1 billion auto startup. The used car marketplace has found major success in Germany. This year, it tried to enter other strategic markets and expand its standout business model. The company started a fundraising round and were hoping to raise $500 million to grow according to their plans.
Link to the Startup Website: www.auto1-group.com
About Auto1 Group Evolving the way cars are bought and sold. By connecting buyers and sellers through their technology, Berlin-baser startup Auto1 Group are enabling consumers as well as dealers to trade seamlessly. Sourcing from all channels including OEMs, dealerships and their own business units, Auto1 is operating in more than 20 countries and continues to expand rapidly to global coverage. Read more