Company Overview

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Founded:
January 10, 2014
Founders:
Stewart Padveen, Natalie Padveen
Headquarters:
Manhattan Beach, CA
Funding:
$300k
Categories:
Local Advertising, Automotive, Lead Generation

Otozip is an online market platform that provides maintenance services for automobiles.

Description

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Otozip is a car leasing engine for consumers, car dealers and OEMs. We make it easy, fast and painless for people to instantly find and compare great lease deals and popular cars from local dealers, saving consumers up to 50% on new car leases. When dealers need to move inventory fast, they cut lease prices and turn to Otozip - and the consumer wins. With leasing, both dealers and OEMs sell more cars to more people more often.

Leases now account for over 27% of all new car sales and growing fast. On average, the same customer leases a new car every 36 months, compared to 66 months for financed purchases and nearly 72 months for cash purchases.

Otozip launched as a lease marketing site for dealers in 1Q14. We plan to roll out a concierge leasing service 4Q14, followed by a leasing product for certified, pre-owned cars.

Current Team (4)

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Funding Rounds (1) - $300k

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Investors (1)

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Offices/Locations (1)

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  • Office

    1600 Rosecrans Ave

    Media Center, 4th Floor

    Manhattan Beach, CA 90266

    USA

Images (1)

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  • 7550cabd13e2241a71f99e79777c08bb