Overview

Update
Status
Hotswap has been closed
Total Equity Funding
$1M in 1 Round from 1 Investor
Headquarters:
Berkeley, CA
Description:
Hotswap offers a video-based platform for selling, finding and buying used cars.
Categories:
E-Commerce, Automotive
Website:
http://www.hotswap.com

Company Details

Update
Founded:
Unknown
Closed:
April 1, 2008
Employees:
None found in Crunchbase

Berkeley-based Hotswap.com takes a different approach to the $370 billion a year used car industry. Hotswap brings buyers and sellers together in one place. One large difference between Hotswap and other used auto companies like Autotrader is the reliance on video, rather than solely pictures, for vehicle descriptions. This application of recent trends on the web toward video makes them, in a way, the Youtube.com of used car sales. Hotswap is funded by The Kinsey Hills Group. Although still in pre-launch mode at this time, Hotswap recently acquired a deal with Red McCombs Automotive , which produces around $800 million a year in sales and will list every one of their used cars on Hotswap. At this time they are also in negotiations with AutoNation. The nature of their business makes them natural competitors with Ebay, the multitude of used car sites on the web, and Edgeio, which was co-founded by TechCrunch's Mike Arrington.

HotSwap was deadpooled in April 2008.

Funding Rounds (1) - $1M

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DateAmount / RoundValuationLead InvestorInvestors
Jul, 2007$1M / Series A1

Investors (1)

InvestorRound(s)Partner(s)
Series A (Lead)-

Products (1)

Update
  • Hotswap.com has several features which provide an interesting way for users to find a used car or sell theirs.

News (5)

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DateNews
Nov 23, 2009g4tv.com - G4TV
Sep 8, 2007TechCrunch - HotSwap To Enter $370 billion Used Car Market
Sep 8, 2007TechCrunch - HotSwap Launches – Video Classifieds
Sep 8, 2007TechCrunch - HotSwap Launches - Video Classifieds
Jul 26, 2007TechCrunch - HotSwap To Enter $370 billion Used Car Market

Competitors (1)

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  • Edgeio offers a website that organizes and distributes classifieds and listings of various types.

Offices/Locations (1)

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  • Office

    Berkeley, CA

    USA

Past Team (3)

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