RumbleON

Overview
News
Ecommerce Platforms?
Product stageSegments
Growth
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Online Marketplace Operators
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RumbleOn operates an ecommerce platform that facilitates the buying, selling, trading, and financing of pre-owned vehicles, with a focus on motorcycles and powersports. The company's online marketplace allows consumers and dealers to make cash offers for purchasing pre-owned vehicles and provides a large inventory of pre-owned vehicles for sale along with third-party financing options. RumbleOn's technology enables users to complete transactions entirely online, offering a seamless experience for buying, selling or trading pre-owned vehicles.

In 2020, RumbleOn generated approximately USD 1.3 billion in revenue, with projections of USD 1.45 billion to USD 1.55 billion for 2021. As of July 2018, the platform listed over 52,000 used vehicles, with motorcycles constituting the majority of the inventory. RumbleOn's business model involves facilitating transactions between consumers and dealers, with the company earning revenue through fees associated with these transactions.

In March 2021, RumbleOn announced its merger with RideNow, a powersports dealer chain with over 40 dealerships across the US. The combined entity aimed to create an omnichannel solution in the powersports industry, integrating RumbleOn's online platform with RideNow's physical dealership network.

Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Irving TX USA
Founded year:
2016
Employees:
1,001-5,000
IPO status:
Public
Total funding:
USD 332.5 mn
Last Funding:
USD 280.0 mn (Post IPO Equity; Mar 2021)
Last valuation:
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Company profile
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