Car Capital Technologies Secures a $70 Million Committed Warehouse Facility and Raises Equity Capital to Diversify Funding and Support Growth Initiatives. The Company also Strengthens Leadership Team with three key additions.
Summary
This infusion of capital will enable the company to continue to expand its dealer network, enhance its technology platform, and deploy future generations of AI-compatible underwriting models.In addition to these critical financial milestones, Car Capital is proud to welcome three key executives to its leadership team: Jeff Adams, a seasoned auto industry executive, has joined the board of directors. Jeff brings over 30 years of experience in the automotive retail and financing industry and is currently the EVP of Global Remarketing & Asset Management at Hertz. Prior to One Main, Deanna also founded DJH Accounting & Consulting LLC and served in leadership roles at AmeriCredit (Predecessor to GM Financial). I am excited for the company to benefit from their extensive industry experience and am confident that they will be instrumental in continuing to help build a world class auto finance solutions organization," said CEO Jim Landy. Focused on innovation and customer success, Car Capital is committed to helping dealerships thrive in todays dynamic market environment.