Dealerware has been acquired by a consortium of growth investors to enhance its product offerings and accelerate growth in the automotive sector.

Target Information

Dealerware is a prominent software platform tailored for automotive original equipment manufacturers (OEMs) and retailers. Founded in 2016, the platform provides comprehensive fleet management solutions that streamline operations and enhance customer service experiences. Dealerware's technology is cloud-native and mobile-first, catering to various use cases including courtesy vehicle management, paid rentals, and test drive operations. Currently, Dealerware connects over 100,000 vehicles and serves more than 3,000 automotive retailers across the United States and Canada.

Industry Overview

The automotive retail and mobility sectors play a significant role in the economy, particularly in North America. As consumer preferences evolve towards more digital and seamless experiences, automotive retailers are increasingly adopting technology-driven solutions to remain competitive. Dealers are shifting towards becoming mobility service providers, necessitating tools that facilitate streamlined vehicle management and customer engagement.

With the push towards electrification and autonomous vehicles, the landscape of automotive retail is poised for substantial transformation. As these advanced technologies become more prevalent, the demand for innovati