VavaCars operates an online trading platform for buying and selling used cars. Launched in April 2019 by CEO Lawrence Merritt and based in Istanbul, it resells cars both to dealers through a proprietary auction platform and directly to consumers. VavaCars works in close partnership with fuel retailer Petrol Ofisi and offers consumers fully inspected, reconditioned vehicles with free home delivery. Customer protections include a 14-day money-back guarantee and a 3-month warranty. The company generated more than $500M in revenue and sold over 20,000 cars in the first half of 2022. Following its $37M Series C, VavaCars plans to use the funding to consolidate its market-leading position in Turkey.

Total raised

$37M

Funding rounds

1

Latest round

Series C

Latest activity

Sep 2022