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Carvana Raises $600 Million to Continue Growing, Innovating Safer Way to Buy a Car

Apr 02, 2020•over 5 years ago

Amount Raised

$600 Million

Phoenix

Description

Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, is fully committed to ensuring consumers can easily purchase a vehicle in this unprecedented era, and do so safely. As consumers increasingly demand an online retail environment so they can get important resources like groceries or medication, they are reshaping what is becoming a new normal. Observing this new normal and how it’s shifting car buying entirely online, Carvana has raised $600 million from investors in support of continued innovation and growth of the safer way to buy a car.

Company Information

Company

Carvana

Location

Phoenix, Arizona, United States

About

Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) mission is to change the way people buy cars. By removing the traditional dealership infrastructure and replacing it with technology and exceptional customer service, Carvana offers consumers an intuitive and convenient online car buying and financing platform. Carvana.com enables consumers to quickly and easily shop more than 25,000 vehicles, finance, trade-in or sell their current vehicle to Carvana, sign contracts, and schedule as-soon-as-next-day delivery or pickup at one of Carvana’s patented, automated Car Vending Machines.

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