Carpool Logistics has reached a major milestone in its mission to modernize automotive logistics. We’re excited to announce the successful close of our $12 million Series A funding round, led by Wavecrest Growth Partners with participation from CarMax. This investment will accelerate our ability to provide scalable, technology-driven vehicle shipping solutions that meet the evolving needs of the auto industry.
Car buying has changed dramatically, with digital transactions becoming the norm. However, vehicle delivery has lagged behind, often plagued by inefficiencies, limited transparency, and outdated processes. Carpool Logistics is bridging this gap by leveraging technology to optimize vehicle movement, streamline shipping, and enhance the customer experience for dealerships, auctions, and fleet operators alike.
With this new funding, we will continue expanding our platform capabilities, growing our network, and strengthening our commitment to delivering seamless, data-driven logistics solutions. Our technology not only simplifies vehicle shipping but also provides real-time tracking, data insights, and efficiency at scale—key elements for businesses navigating today’s auto retail landscape.
The participation of CarMax, the nation’s largest retailer of used cars, underscores the critical role of modern logistics in today’s automotive ecosystem. Their investment, alongside Wavecrest Growth Partners’ expertise in scaling high-growth technology businesses, positions Carpool for its next phase of expansion.
“This investment allows us to scale rapidly, refine our platform, and help our customers move vehicles smarter and more efficiently,” said Michael Malakhov, Carpool CEO. “We are thrilled to have the support of partners who recognize the importance of transforming vehicle logistics.”
Carpool Logistics is committed to solving the logistics challenges that slow down the industry. With the backing of our investors, we’re poised to expand our reach, enhance our platform, and continue building the modern infrastructure that auto retail needs—today and in the future.
To learn more, check out the coverage on Hypepotamus: https://hypepotamus.com/companies/b2b/carpool-12-million-series-a/