Social Auto Transport, Inc., a Richmond, VA-based gig economic system platform that enables automotive firms effectively transfer automobiles, closed a $1.5m seed funding spherical.

The spherical was led by Overline, with participation from Automotive Ventures, Estes Specific Strains, and Kevin Nolan, founding father of Nolan Transportation Group and OTR Capital.

The corporate intends to make use of the funds to broaden throughout the U.S., starting with Philadelphia at the moment and Atlanta in February.

Led by Nick Mottas, co-founder and CEO, Social Auto Transport provides a gig economic system platform that facilitates shifting vehicles for auto sellers, restore retailers, fleets, and rental businesses. The corporate is constructing a nationwide market that gives automotive firms a dependable short-haul service to maneuver gross sales stock, make operational strikes, and supply concierge pickup and supply providers to their prospects, on demand—with out the expense, time burden, and legal responsibility required to supply these providers with their very own workers.

The corporate at the moment operates in Richmond, Charlotte, and Philadelphia, and can proceed so as to add new markets throughout the U.S. every month. Following these two launches, Social Auto will launch in 4 further cities over the following two quarters.

FinSMEs

29/01/2021