{"id":103190,"date":"2024-07-17T17:16:00","date_gmt":"2024-07-17T15:16:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=103190"},"modified":"2024-07-17T16:17:39","modified_gmt":"2024-07-17T14:17:39","slug":"instamotion-purchased-from-czech-used-car-platform","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/103190\/instamotion-purchased-from-czech-used-car-platform\/","title":{"rendered":"Instamotion bought by Czech used car platform"},"content":{"rendered":"
\n

At the end of May, the used car platform Instamotion, founded in 2015 by Darius Ahrabian, had to close its Insolvency<\/a> Now, the Czech online used car dealer Carvago has taken over the entire business operations, including a large portion of the employees, retroactively to July 1, 2024. Carvago is a brand of the EAG Group, which aims to become the largest online used car dealer in the entire DACH region with the acquisition.<\/p>\n\n\n\n

Jakub \u0160ulta<\/strong>, founder and CEO of the EAG Group, wants to gain access to the German market with Instamotion:<\/p>\n\n\n\n

\n

"Instamotion has a similar business model to Carvago. It leverages strong relationships with leading car dealer groups and guarantees quality standards and a 12-month warranty for the end user. Unlike Carvago, which performs a vehicle inspection with its Car Audit service, Instamotion relies on contractual relationships with its partners and their own automotive expertise."<\/p>\n<\/blockquote>\n\n\n\n

The Munich startup<\/a> According to \u0160ulta, Instamotion is well established in the German market. Therefore, the acquisition will make it easier for the EAG Group to gain a foothold in Germany. A renaming of Instamotion to Carvago is therefore not planned in the near future. The EAG Group had been monitoring Instamotion for some time in its search for acquisition opportunities.<\/p>\n\n\n\n

\n

"We began exploring cooperation or acquisition opportunities two years ago. In April of this year, we conducted extensive negotiations on a potential purchase and finally concluded the transaction in June through a tender,"<\/p>\n<\/blockquote>\n\n\n\n

says EAG board member Pavel Svoren<\/strong>.<\/p>\n\n\n\n

Nikolas De\u0161kovi\u0107<\/strong> remains CEO of Instamotion and comments:<\/p>\n\n\n\n

\n

"It was clear from the beginning that Carvago had a lot to offer Instamotion, and vice versa. After a period of uncertainty, we're back in the game, and I believe that with Carvago, we'll be able to offer our customers even better services than ever before."<\/p>\n<\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Czech online used car dealer Carvago has acquired the insolvent Munich-based startup Instamotion. The exact purchase price is unknown.<\/p>","protected":false},"author":42,"featured_media":103192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[5155,223],"acf":[],"yoast_head":"\nInstamotion von tschechischer Gebrauchtwagenplattform gekauft - Munich Startup<\/title>\n<meta name=\"description\" content=\"Der tschechische Online-Gebrauchtwagenh\u00e4ndler Carvago hat das insolvente M\u00fcnchner Startup Instamotion \u00fcbernommen. 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