Motoreto is a startup that is making waves in the automotive industry. With the slogan "Transforming the used car supply chain in a simpler digitized way," the company is focused on disrupting the automotive industry by creating a Global Distributor System and digitizing the used car supply chain. This aims to empower trading, create new sales channels, and remove pain points in the transactional process.
Founded in 2020 and headquartered in Spain, Motoreto recently secured a significant boost with a €1.40M Seed Round investment on 06 July 2023. The investment came from a group of prominent investors including OK Venture, Fides Capital, Julio Ribes, Grupo Anderson's, First Drop, and COREangels Lisbon.
This latest investment signifies a strong vote of confidence in Motoreto's innovative approach to the automotive market and its potential to revolutionize the used car supply chain. With this backing, the company is well-positioned to further develop its platform and expand its reach, offering exciting opportunities for both investors and the automotive industry as a whole.