CarPrice Ltd Moscow-based technological start-up launched in 2014. CarPrice develops technology, infrastructure and services for used cars transactions between private sellers and professional buyers. The major part of the business is an online auction. CarPrice also offers

logistics Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the Consumption (economics), point of consumption according to the ...

warehousing A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the rural–urban fringe, out ...

, corporate services and financial solutions for used cars market players in

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

and

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ...

History

In 2013 Oskar Hartmann approached a group of investors with an idea to adopt for

a business model that successfully deployed in UK and

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

. In 2014 CarPrice online auction was launched. In 2015 CarPrice was named one o
the 100 most talked about startups in Europe
by the American magazine

Wired Wired may refer to: Arts, entertainment, and media Music * ''Wired'' (Jeff Beck album), 1976 * ''Wired'' (Hugh Cornwell album), 1993 * ''Wired'' (Mallory Knox album), 2017 * "Wired", a song by Prism from their album '' Beat Street'' * "Wired ...

. In 2016 CarPrice

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

opens. In June 2017

Mitsui is a Japanese corporate group and '' keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. Ins ...

acquired a 25% stake in CarPrice Japan. March 2018
Tech Tour Growth 50 experts
ranked CarPrice among the most promising European growth companies. In 2020 CarPrice was one of the first in the market who launche
distant buying.
In 2022 CarPrice entered Forbes' top 30 digital companies in Russia as #22. In 2023 CarPrice gets #13 position in the rating. As of the beginning of 2023 CarPrice operates more than 100 buying offices in 55 cities in

and 5 logistic hubs. In April 2023 CarPrice''
opens its first office in Kazakhstan
and starts cross-border sales.

Investments

CarPrice has closed three investment rounds and received $46 million. According to public information on the company's website and

mass media Mass media include the diverse arrays of media that reach a large audience via mass communication. Broadcast media transmit information electronically via media such as films, radio, recorded music, or television. Digital media comprises b ...

, funding rounds were closed by venture funds, such as

Baring Vostok Capital Partners Baring Vostok Capital Partners is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. The Baring Vostok Private Equity Funds invest across a broad range of industries including ...

, E.ventures, Almaz Capital and others.

Description

CarPrice offers technologies and infrastructure for used-car transactions between private sellers and professional buyers facilitating liquidity in the market. For private sellers CarPrice is a transparent, convenient and safe way to sell the car. For professional buyers CarPrice is a stable and reliable buying channel. To sell the car the seller comes to a CarPrice representative, the car goes through a legal check and standardized technical inspection. Technical report and legal data are then uploaded to CarPrice online auction platform available for authorized buyers only. Buyers bid for the cars, maximum bid wins. The winning bid is offered to the seller as purchasing price. The seller can accept or reject the offer. All the services are free for the seller. Buyers pay for access to the platform and CarPrice fees for each transaction.

External links

Official website
(in Russian)
Official website
(in Kazakhstan) {{authority control Auto dealerships Russian companies established in 2014 Companies based in Moscow Used car market