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Used-car startup Carvana gets $160 million in new funding

The startup, which delivers used vehicles that buyers purchase online via giant vending-type machines, has received the $160 million led by an unnamed U.S. institutional investor, reports Reuters. It will use the money to expand in the U.S. into 20 markets by the end of the year and to double its inventory to 10,000 vehicles. … Continue reading “Used-car startup Carvana gets $160 million in new funding”

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The startup, which delivers used vehicles that buyers purchase online via giant vending-type machines, has received the $160 million led by an unnamed U.S. institutional investor, reports Reuters. It will use the money to expand in the U.S. into 20 markets by the end of the year and to double its inventory to 10,000 vehicles.

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[Image: Carvana]

About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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