Social Auto Transport: Raises $1.5M in Seed Funding

  • Social Auto Transport, Inc., a Richmond, VA-based gig economy platform that allows automotive companies efficiently move vehicles, closed a $1.5m seed funding round
  • The round led by Overline, with participation from Automotive Ventures, Estes Express Lines, and Kevin Nolan, founder of Nolan Transportation Group and OTR Capital
  • The company also intends to use the funds to expand across the U.S., beginning with Philadelphia today and Atlanta in February
  • Social Auto Transport offers a gig economy platform that facilitates moving cars for auto dealers, repair shops, fleets, and rental agencies
  • The company is building a nationwide marketplace that provides automotive companies a reliable short-haul service to move sales inventory, make operational moves
  • The company currently operates in Richmond, Charlotte, and Philadelphia, and will also continue to add new markets across the U.S. each month
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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