Ekho reposted this
Thrilled to share a big milestone for Ekho — we’ve raised $17.3M across our Seed and Series A, led by Activant Capital, with participation from J.P. Morgan, Winnebago Industries, Y Combinator, RiverPark, and the Westcott Investment Group. Ekho started with a simple idea: build modern infrastructure for how people buy vehicles. Take the Tesla purchase model — and make it available to everyone. Sounds easy — until you’re staring down ancient dealership software, a combinatorics problem disguised as county-specific titling and registration, and integrating with 50 DMVs that prefer faxes to APIs 😅 Needless to say, it hasn’t been easy — and there’s still a long road ahead. But today, Ekho powers checkout for dozens of multinational OEMs and dealerships across the country. We've helped thousands of shoppers buy their vehicles, dealers get paid, and lenders have peace of mind — all online and in minutes, not days. Some things we’re proud of: - Turning a fragmented, offline process into a seamless online platform - Unlocking tens of millions in revenue for our OEM and dealer partners - Assembling an incredible (maybe best-ever?) team to build it all Huge thanks to our team and to our clients, partners, and shoppers for believing in this mission. If you’re into hard problems, regulated industries, or just love vehicles, we’re hiring: https://lnkd.in/enAZpPWY And if you’re in the market for a vehicle — for literally anything that moves — let me know. I know a guy 😎 Thanks to Axios for covering the Ekho story.