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Young Companies Gather to Pitch to Dealers and Investors at AutoVentures 2016

October 27, 2016 0 Comments
Drive Motors CEO - Aaron Krane

Drive Motors CEO – Aaron Krane

The future of automotive is here. And the winners are…

The second annual AutoVentures Conference took place yesterday in Las Vegas. The only of its kind, AutoVentures gives young companies the opportunity to earn validation of their solutions within the automotive ecosystem.

Sixteen start-ups took the stage to deliver their business case, product highlights, and investment opportunities. After a series of voting rounds, the audience of investors, dealers, progressive vendors, and automotive experts selected Drive Motors as the 2016 Winner. DriveMode earned second place and runner-up went to Voyomotive.

Drive Motors is an ecommerce tool for auto dealers that integrates a “buy online” button to the dealership website. CEO Aaron Krane shared his story of taking the young company from $0 in revenue to over a million in just 10 months. “When buyers are in their comfort zone, they close and upsell themselves,” he said.

2016 AutoVentures Contestants

  • Drive Motors – Winner
  • DriveMode – Second Place
  • Voyomotive – Runner up
  • SHIFTMobility
  • KeepsCorp
  • AUTOPAY
  • CloudEngage
  • CarLabs
  • Rational Robotics
  • eMotorWerks
  • Migo
  • 8ninths
  • Momentum Dynamics
  • The Context360
  • WeGoLook
  • T2 Modus, LLC

AutoVentures was developed in partnership by Fraser McCombs Capital and Drivingsales. The conference takes place in conjunction with the DrivingSales Executive Summit.

About the Author:

The DrivingSales News team is dedicated to breaking the relevant and the tough stories affecting car dealers. Have questions for DrivingSales News? Reach the team at news@drivingsales.com.