# Mojo Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mojo-motors

- Industry: Internet
- Headquarters: New York, US
- Website: www.mojomotors.com
- Total disclosed funding: $11M
- Latest round: Series A (Oct 24, 2014)
- Investors on record: 3

## About

Mojo Motors operates an innovative online marketplace for automotive transactions, connecting buyers and sellers efficiently while providing tools and resources that enhance the vehicle purchasing experience.Mojo Motors is an online platform that simplifies the buying and selling of cars, primarily focusing on connecting consumers with vehicle listings. Based in New York, US, the company has undergone a strategic shift to further enhance its offerings. The company raised USD 4.10 million in Series A funding in October 2014 from Atlas Venture, which has contributed to its growth. The current company valuation stands at USD 15.59 mn.Mojo Motors primarily offers a digital platform that connects buyers with sellers of used vehicles, providing essential resources and tools that facilitate informed purchasing decisions. The platform is designed to enhance transparency and simplify the vehicle trading process, catering to a variety of users including individual car buyers and dealerships across the United States.Mojo Motors generates revenue through transaction fees from vehicle sales on its platform, in addition to partnerships with automotive dealerships. Revenue is derived from both individual transactions and business-to-business collaborations, allowing the company to sustain its operations and expand its market presence.In October 2014, Mojo Motors secured USD 4.10 million in Series A funding to support its growth initiatives. The company plans to enhance its platform by developing new features aimed at improving user experience and increasing engagement. Additionally, Mojo Motors is targeting expansion into new geographic markets within the US, aiming to broaden its reach by the end of 2025, leveraging recent funding to refine its product offerings and marketing strategies.

## Funding rounds

- Series A, Oct 24, 2014, $4.1M — Atlas Venture
- Series A, Mar 20, 2013, $1M — Atlas Venture
- Series A, May 8, 2012, $3.1M — Atlas Venture, RPM Ventures, NextView Ventures
- Series A, Feb 16, 2011, $0.7M — NextView Ventures
- Series A, May 17, 2010, $0.7M — RPM Ventures
- Seed, Feb 1, 2010, $1.7M — RPM Ventures, NextView Ventures

## Investors

- RPM Ventures (https://capitalatlas.ai/funds/rpm-ventures) — Seed, Series A
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed, Series A
- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series A