Hopdrive(Formerly Social Auto Transport)

Hopdrive(Formerly Social Auto Transport)

Automating car movement with instant moves, real-time tracking, and access to trusted drivers.

HQ location
Richmond, United States
Launch date
Employees
Enterprise value
$32—48m
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DateInvestorsAmountRound
investor investor investor investor investor

€0.0

round
N/A

€0.0

round
*

$8.0m

Series A
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-14 %125 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

More about Hopdrive(Formerly Social Auto Transport)
Made with AI
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HopDrive is a company that specializes in providing automated car pickup and delivery services for dealerships. The service is designed to streamline the process of moving cars by offering instant moves, real-time tracking, and access to a network of trusted drivers. HopDrive serves automotive dealerships looking to enhance customer experience and operational efficiency. The company operates in the automotive service market, focusing on dealerships that want to offer added convenience to their customers. HopDrive's business model involves scheduling trips through an easy-to-use dealer portal, handling all aspects of the drive including insurance and loaner drop-offs, and ensuring customer satisfaction through timely updates and vehicle inspections. The company makes money by charging dealerships for each car move, offering a value-added service that can increase customer retention and additional repair agreements.

Keywords: automated, car pickup, delivery, dealerships, real-time tracking, trusted drivers, customer experience, operational efficiency, automotive service, dealer portal.

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