The process of going in person to a dealership to shop for a new car can be intimidating and time-consuming, to say the least. Drive Motors is a company that is launching out of our Winter 2016 class that lets you bypass that altogether, enabling people to buy cars completely online.
TechCrunch's Josh Constine wrote an in-depth story about Drive Motors and how it works recently:
"We’re in the era where everything can be done online, so it’s crazy you can’t buy a new car straight from the web. Every site and startup that claims to help you do that just dumps you on a contact form to request more info or a meeting with a car dealer.
But Drive Motors does exactly what you imagine should already happen. It’s a plugin for car dealer websites. Pick a car you like, and Drive lets you configure options, set up a financing plan, and pay the dealer right there. Then all you do is drop by the lot and pick up your new car. Drive brings the Tesla buying experience to every other car brand.
If it sounds simple, that’s because it is. But still, no one had built it right. Car dealerships don’t know their way around tech. Neither do the car manufacturers, and even if they did, the dealerships don’t want to give them any more leverage. Plus, dealerships would want a manufacturer-agnostic system.
So that’s what Drive Motors built. The startup is part of this season’s Y Combinator batch, and has raised a $1.5 million seed round from the accelerator, Khosla Ventures, Propel and Gil Penchina."
Read the full story on TechCrunch here.