Modal
Modal, formerly known as Drive Motors, is a San Francisco-based company specializing in digital commerce solutions for major auto retailers and brands, driving significant transaction volumes annually.
Company Overview
Modal, formerly known as Drive Motors, is based in San Francisco, CA, USA. Founded in 2015, Modal operates in the B2B sector with a focus on retail. The company rebranded after completing the Y Combinator W16 batch in 2016. Modal's platform focuses on facilitating digital commerce for some of the world's largest auto retailers and brands.
Founders and Team
Modal’s team consists of seasoned technology leaders with backgrounds in leading companies such as Google, Facebook, Tesla, Paypal, and Accenture. The precise details of the company's founders are not provided, but the team is composed of industry experts well-versed in scaling and operating technology-driven solutions.
Investor Backing
Modal has garnered support from prestigious investors, including Y Combinator, Peter Thiel, Khosla Ventures, and Ally Financial. This strong backing underlines the significant potential and trust placed in the company by industry leaders. Modal completed the Y Combinator W16 batch and has since continued to grow and innovate.
Services and Solutions
Modal specializes in creating digital commerce solutions tailored for large auto retailers and brands. The company's platform enables billions of dollars in transaction volume annually. By providing robust digital tools, Modal helps automotive businesses streamline their online sales processes, optimize customer experiences, and effectively manage transactions.
Market and Operations
Modal operates predominantly in the United States and Canada but also engages with remote and partly remote business setups. The company’s digital commerce solutions are designed to cater to a wide range of auto retailers and brands, making them accessible to a broad market within the B2B retail sub-industry.