
Germany · Information technology & services startup
CarOnSale, legally registered as Castle Tech GmbH, is a prominent pan-European digital B2B marketplace focused on the used car wholesale industry.
Funding reportedLast round: Series C
CarOnSale, legally registered as Castle Tech GmbH, is a prominent pan-European digital B2B marketplace focused on the used car wholesale industry.
Founded in 2018 and based in Berlin, Germany, the company has quickly established itself as a leader in Germany's dealer-to-dealer sector while expanding throughout Europe. CarOnSale aims to streamline automotive wholesale by connecting professional car dealers and OEMs through a comprehensive software ecosystem. The company offers an end-to-end suite of services that includes a B2B marketplace and auction service, vehicle inspections, logistics and transportation, payment processing, market pricing algorithms, and financing solutions. CarOnSale operates on an asset-light model, facilitating transactions without owning the vehicles. Its platform is designed to enhance transparency, efficiency, and trust among users, making it a key player in the automotive wholesale market. The company targets professional used car dealers, auto dealerships, OEMs, and lease-return companies across Europe, with a goal of scaling to annual sales of 1 million used cars.
Funding, as reported
What they build
Known for
consumerscertified vehicle tradingtrade-insdistributioninventory managementvehicle logisticstruckvehicle inspectionutility trailerautomotive softwarevehicle procurementinformation technology & servicesautomotive data analyticslogistics & supply chainfinancial serviceslease returns
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