Carvana Accelerates Growth with a $913M Funding Boost to Revolutionize Online Car Buying

Carvana, an industry pioneer in the online buying and selling of used vehicles, is thrilled to announce a significant milestone in its growth journey with a successful funding round that raised $913,000,000. As the fastest growing used automotive retailer in U.S. history, Carvana has revolutionized the car buying experience by making it more accessible, transparent, and convenient for millions of customers across the nation. By harnessing the power of technology and innovation, Carvana allows customers to browse a vast nationwide inventory and purchase vehicles entirely online, all while enjoying customer-first benefits such as a 7-day money-back guarantee and home delivery. This funding will be strategically deployed to further enhance Carvana’s industry-leading ecommerce platform, expand its nationwide network, and invest in cutting-edge technological advancements to continue setting new standards in customer care and operational efficiency. The infusion of capital underscores the confidence of leading investors in Carvana’s business model and its commitment to innovation within the automotive retail space. With a continued focus on people-first values and a reputable track record that earned Carvana the No. 2 automotive brand status on Forbes’ 2022 Most Customer-Centric Companies List, this new funding round propels the company toward even greater achievements. As Carvana embarks on this exciting new phase, the company remains dedicated to delivering exceptional service and unparalleled convenience in vehicle buying and selling. For more details on Carvana’s journey and future plans, interested parties are encouraged to visit www.carvana.com, explore the Investor Relations page for financial updates, and follow Carvana on LinkedIn, Instagram, X, and TikTok.