Lithuania
Ovoko, founded in 2016 in a small town in Lithuania, is pioneering a circular economy for used automotive parts, driven by its slogan: "Giving parts a second life." The company is strategically positioned at the intersection of E-Commerce, Marketplaces, and Automotive industries. By developing comprehensive software ecosystems, marketplaces, and logistics solutions, Ovoko aims to streamline the process of connecting used parts with consumers or transitioning them to a recycling phase.
The journey of Ovoko from an Excel file inception to a platform connecting millions across Europe signifies its rapid growth and scalability potential. The company successfully raised a €14.00M Series A investment on 01 October 2022, with backing from notable investors such as Practica Capital, Piton Capital, Market One Capital, and Mantas Mikuckas. This influx of capital underscores investor confidence and paves the way for scaling operations further, enhancing both marketplace efficiency and environmental impact.
