Car Capital Technologies, a partner for independent and franchise dealerships seeking innovative financing solutions, announced major funding commitments to continue to expand the business, further enhance origination capabilities and drive significant portfolio growth. The company has successfully closed a senior/subordinate warehouse financing facility and secured lead equity investments from two strategic partners as part of its recently launched Series B funding round.

In a move to diversify and expand its financing sources to better serve its dealer partners, Car Capital has secured a $70 million Committed Warehouse Facility provided by Westlake Capital Finance, LLC and Medalist Partners. Car Capital expects to expand this facility as originations continue to accelerate over the next several quarters and into 2025. This innovative private credit financing solution is comprised of both Class A and Class B secured debt and will further Car Capital’s support of its dealer network, allowing them to scale and thrive in today’s competitive market.

Additionally, Car Capital has secured strategic equity capital commitments from existing investors to support the growth initiatives into the second half of 2025. 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.