Modal
OverviewSuggest Edit
Modal (formerly Drive Motors) is a company providing eCommerce solutions for the automotive industry. It offers Modal Checkout, a product that transacts users inside store webpages and provides financing, electronic documents, appointment scheduling, targeted upsells, and verified trade-ins capabilities; Modal Shop, a suite of tools for interactive shopping, remote desking, check-in; and Modal Trade, a tool that enables users to provide vehicle photos and documents to verify a trade value.
| Type | Private | |
| Founded | 2015 | |
| HQ | San Francisco, CA, US | Map |
| Website | modalup.com |
Latest Updates
| Employees (est.) (Jan 2021) | 51 | (+5%) |
| Cybersecurity rating | A | More |
Key People/Management at Modal
Aaron Krane
Founder and CEO
Modal Office Locations
Modal has an office in San Francisco
San Francisco, CA, US (HQ)
235 Pine St #850, San Francisco
Modal Financials and Metrics
Summary Metrics
Founding Date | 2015 |
Modal total Funding | $26.7 m |
Modal latest funding size | $15 m |
Time since last funding | 20 days ago |
Modal investors | Y Combinator, Khosla Ventures, Peter Thiel, Bullpen Capital, Emagen Investment Group, Perkins Coie, Marc Bell Ventures, Gil Penchina, Daniel Curran, Flight Ventures, Array Ventures, Propel Venture Partners, Wei Guo, Propel(x), IDOM Inc., Ally Ventures, Pegasus Tech Ventures, American Honda |
Modal's latest funding round in January 2021 was reported to be $15 m. In total, Modal has raised $26.7 m
Modal Cybersecurity Score
Modal Online and Social Media Presence
416 Twitter followers
Modal has 416 Twitter Followers. The number of followers has increased 0.9% month over month and increased 1.1% quarter over quarter
Modal's Trends
Twitter Engagement Stats for @modalcommerce
468
Tweets
408
Following
416
Followers
19
Tweets last 30 days
0.4
Avg. likes per Tweet
42.1%
Tweets with engagement
Modal News and Updates
June 14, 2019
Drive Motors Is Now Modal, Announces $5 Million From New Investors To Expand Its Automotive Digital Commerce Technology
SAN FRANCISCO, June 14, 2019 /PRNewswire/ -- Drive Motors, which provides digital commerce for some of the world's largest auto retailers and brands, today officially announced that it has changed its name to Modal (www.modalup.com), and raised $5 million of venture capital from...
October 16, 2018
Drive Motors Hires Lithia, Dealer.com Exec To Drive Strategic Partnerships With Auto Lenders And Manufacturers
SAN FRANCISCO, Oct. 16, 2018 /PRNewswire/ -- Drive Motors, which builds online car-buying solutions for the largest car-dealer groups, banks, and brands in the country, today announced Chris Gugliotta as its Head of Strategic Partnerships, a newly created position. Reporting to CEO Aaron...
Modal Blogs
January 22, 2021
Rapid Re-engagement with Finance Offers Emails
As an automotive leader, you want to sell cars to as many qualified customers as possible. With our Instant Finance Offers email feature, Modal seamlessly re-engages approved buyers even after they have left the Checkout experience. Modal’s automation enables the lending approval process…
January 14, 2021
Modal Expands Leadership Team
Today, we’re excited to announce six key hires, including two C-suite executives. Recently, we announced a $15 million Series A financing, which has enabled us to quickly scale our team to develop new e-commerce technologies and further streamline the online transaction and ownership exp…
December 30, 2020
Best of Modal: 2020 Lookback
2020 has been a challenging year. Nearly overnight, the way the automotive industry worked went into a radical state of flux. Dealerships of all brands and sizes were suddenly thrust into one of the most rapid digital transformations they'd ever seen, and spearheading the front lines of …
December 23, 2020
Modal 2021: New Year's Sneak Peek
In 2021, the new age of automotive sales success will be reserved for those dealers and retailers that both understand and empower their customers. Now, Modal is poised to transform the way automotive does e-commerce, forever. Stay tuned to see how our latest innovations will help dealer…
December 17, 2020
Auto Transactions Made Simple
From initial offer to final close, Modal transforms the complex car sale process into an easy, digital transaction that both buyers and dealers love. Looking to offer online or mobile buying options while increasing front-end gross by as much as 79% or PVR by $500-$700? Let Modal help yo…
October 02, 2020
Fireside Chat with Sunnyside Acura: Recording
Bob Niven, Operations Manager of Sunnyside Acura, shared his insights on how Sunnyside Acura is earning 79% more front-end gross and has increased full and partial orders 11X per month using Acura Precision Purchase powered by Modal.
Modal Frequently Asked Questions
When was Modal founded?
Modal was founded in 2015.
Who are Modal key executives?
Modal's key executives are Aaron Krane.
How many employees does Modal have?
Modal has 51 employees.
Who are Modal competitors?
Competitors of Modal include The OLB Group, Appmaker and Aurus IT Solutions.
Where is Modal headquarters?
Modal headquarters is located at 235 Pine St #850, San Francisco, San Francisco.
Where are Modal offices?
Modal has an office in San Francisco.
How many offices does Modal have?
Modal has 1 office.
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