# Recurrent Motors

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

- Industry: Internet
- Headquarters: Seattle, US
- Website: www.recurrentauto.com
- Total disclosed funding: $20M
- Latest round: Series A (Dec 22, 2023)
- Investors on record: 10

## About

Recurrent Motors, Inc. is a Seattle-based company that specializes in providing data-driven solutions for electric vehicle shoppers, owners, and dealerships, enhancing the ownership experience and facilitating informed transactions.Founded in 2020 in Seattle, US, Recurrent Motors, Inc. focuses on the electric vehicle sector, helping consumers buy, drive, and sell electric cars. The company was co-founded by Kyle Rippey and Scott Case, who has a history of entrepreneurial ventures. Recurrent has successfully closed 3 deals to date, with its most recent funding round being a Series A on December 22, 2023, which raised USD 16.00 mn led by ArcTern Ventures, alongside other notable investors including Automotive Ventures, Goodyear Ventures, Pioneer Square Labs, and Wireframe Ventures. The total amount raised by the company is USD 16.00 mn, and its current valuation stands at USD 31.24 mn.Recurrent offers a data-driven platform tailored for electric vehicle (EV) shoppers, owners, and dealerships. Their core product is a comprehensive suite of services that helps consumers buy, drive, and sell electric cars effectively. By leveraging real-world data, Recurrent provides insights that enhance the value of EV ownership, addressing concerns that potential buyers and current owners encounter. The platform connects electric vehicle owners with dealerships, enabling seamless transactions and facilitating informed decision-making. Recurrent primarily serves the North American market, emphasizing its commitment to improving the EV ecosystem by supporting both individual consumers and automotive businesses in navigating the evolving landscape of electric vehicles.Recurrent generates revenue through a combination of B2B partnerships and direct-to-consumer transactions. The company employs a subscription model, offering dealerships access to valuable data analytics that help them better serve their customers. Additionally, Recurrent charges fees for connecting EV owners with dealerships when vehicles are bought or sold. By providing a platform that enhances transparency and efficiency in the EV market, Recurrent establishes itself as a vital intermediary in automotive transactions, solidifying its position as a trusted resource for electric vehicle stakeholders.In December 2023, Recurrent Motors, Inc. raised USD 16.25 mn in Series A funding led by ArcTern Ventures, with participation from returning investors. The company plans to utilize this funding to expand its market reach, aiming to introduce new products and services tailored to the needs of electric vehicle users. Specific geographic regions targeted for expansion include other parts of North America, with plans to ensure a broader accessibility of their platform by 2024.

## Funding rounds

- Series A, Dec 22, 2023, $16M — ArcTern Ventures, Wireframe Ventures, Pioneer Square Labs, Goodyear Ventures, Automotive Ventures
- Seed, Dec 8, 2020, $3.5M — Vulcan, Powerhouse Ventures, Prelude Ventures, Wireframe Ventures, Pioneer Square Labs, Ascend, AAA Washington

## Investors

- Vulcan (https://capitalatlas.ai/funds/vulcan) — Seed
- Powerhouse Ventures — Seed
- Prelude Ventures — Seed
- Wireframe Ventures (https://capitalatlas.ai/funds/wireframe-ventures) — Seed, Series A
- Pioneer Square Labs (https://capitalatlas.ai/funds/pioneer-square-labs) — Seed, Series A
- Ascend — Seed
- AAA Washington — Seed
- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Series A
- Goodyear Ventures (https://capitalatlas.ai/funds/goodyear-ventures) — Series A
- Automotive Ventures (https://capitalatlas.ai/funds/automotive-ventures) — Series A