
Founded
31 Dec 2014
Address
Drive Motors Inc
530 Brannan Street
#104
San Francisco, CA 94107
United States
Drive Motors Inc
235 Pine Street
Suite 850
San Francisco, CA 94104
United States
Phone
Website
Business classification
Tags
VCID: 7340271
Profile
Founders
Corporate information
Official name
Drive Motors Inc
Also known as
Modal.
Registration country
Official identities
US CIK 0001713485
Investment activity status
Active investor
Company type
Digital commerce for the world’s largest auto retailers and brands.Overview
At Modal, we build the future of auto commerce for the world's largest auto brands and retailers. Modal's team is full of technology leaders from places like Google, Facebook, Tesla, Paypal, Accenture, and Modal is backed by notable investors like Y Combinator, Peter Thiel, Khosla Ventures, and Ally Financial. To quote Peter Thiel, Modal is "complex coordination" of many different technologies, driving billions of dollars in transaction volume every year. Modal, formerly Drive Motors, was founded in 2015, completed Y Combinator in 2016, and is based in San Francisco, CA.
Team
Current employees
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Aaron Krane | founder |
Funding
Funding rounds
Seed USD 5,200,000
USD 5,200,000 (2 Aug 2017)
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Bullpen Capital | United States | Initial investment. Led the round. | |
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Emagen Investment Group Inc | Initial investment. Round participant. | ||
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Khosla Ventures | Venture capital firm founded by Vinod Khosla. | United States | Initial investment. Round participant. |
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Perkins Coie LLP | Law firm. | United States | Initial investment. Round participant. |
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Y Combinator | American technology startup accelerator. | United States | Initial investment. Round participant. |
Cap Table
Current and past shareholders
Investor | Contacts | Round | |
---|---|---|---|
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Bullpen Capital |
Seed | |
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Emagen Investment Group Inc |
Seed | |
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Khosla Ventures Venture capital firm founded by Vinod Khosla. |
+1 (650) 376-8500 |
Seed |
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Perkins Coie LLP Law firm. |
Seed | |
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Y Combinator American technology startup accelerator. |
Seed |