Flexicar Group
Experts in buying, selling and pawning used cars.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €7.6m | Early VC | |
| Total Funding | 000k | ||
| EUR | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Flexicar Group operates as a significant conglomerate in Spain's mobility sector, with its primary focus on the second-hand vehicle market. Founded in 2012, the company has established a substantial presence by concentrating on transparency and reliability in its customer dealings. The business model is centered on the sale of used vehicles to individual consumers and also includes a B2B division, Flexicar Profesionales, which caters to professional clients with vehicles of higher mileage and age.
The company's journey began with a single dealership in Alcobendas, Madrid. This was followed by a period of rapid growth, which saw the opening of seven additional centers in the Madrid area within two years. A broader national expansion strategy commenced in 2019, extending the company's footprint into regions such as Catalonia, Andalusia, and the Valencian Community. By 2020, its network had reached the Basque Country, and in late 2022, Flexicar embarked on its international expansion by opening a dealership in Porto, Portugal. The company now operates over 130 dealerships across Spain and four in Portugal.
Flexicar Group has diversified its services beyond traditional car sales. The Flexivan brand offers flexible vehicle leasing and renting solutions for both individuals and professionals. Recognizing the shift towards sustainable transport, the group launched Flexicar Green, a division dedicated to electric and hybrid vehicles with ECO and Zero labels, starting with a specialized dealership in Madrid. This diversification also includes Flexibike, a brand specializing in motorcycles. Revenue is generated through the direct sale of used vehicles, motorcycles, and services from its leasing and renting division. With a reported turnover surpassing 700 million euros and a workforce of over 1,700 employees, the group has cemented its position in the Spanish market.
Keywords: used vehicle market, second-hand cars, vehicle sales Spain, automotive dealership, car leasing, vehicle renting, mobility solutions, Flexicar Green, electric vehicles, hybrid cars, Flexivan, professional vehicle sales, motorcycle sales, car financing, automotive conglomerate, Spanish car market, Portuguese car market, used car dealership network, vehicle trade, B2C car sales
