heycar

heycar

Platform for buying and selling used cars

About

Heycar is an online platform that focuses on the buying and selling of quality used cars. It connects individual consumers with a network of trusted dealerships, ensuring that all vehicles listed on the site meet high standards for quality and reliability. The platform provides detailed vehicle histories and customer reviews to promote transparency in the car-buying process. Heycar generates revenue through transaction fees and partnerships with dealerships. The main goal of Heycar is to enhance customer satisfaction by making the car-buying experience more reliable and straightforward.

Company Stage

Seed

Employees

51-200

Industries

Automotive & Transportation

Total Funding

$70M

Headquarters

Berlin, Germany

Founded

2017


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Simplify's Take

What believers are saying

  • Growing demand for EVs boosts heycar's sustainable vehicle offerings.
  • AI-driven tools enhance personalized customer experiences on heycar's platform.
  • AR technology allows virtual car tours, improving the online buying experience.

What critics are saying

  • Competition from platforms like Cazoo and Carvana is intensifying.
  • Economic downturns may reduce consumer spending on used cars.
  • Regulatory changes in emissions standards could impact heycar's inventory.

What makes heycar unique

  • Heycar partners with trusted dealerships ensuring high-quality used cars.
  • The platform offers detailed vehicle histories and customer reviews for transparency.
  • Heycar's partnership with Wrisk introduces embedded motor insurance for buyers.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%

Benefits

Competitive salaries

Pension contribution of 5%, when you contribute 3%

We work flexibly, in the office or at home, and trust our team to get the job done

When you join heycar you’ll get an allowance to set up your home-working space

Choose your own tech - join the Apple vs Microsoft debate!

28 days holiday plus Bank Holidays and your birthday

Extra day of holiday when you refer someone who’s hired at heycar

Private medical insurance from AXA

Critical Illness Cover

Annual subscription to FIIT fitness app

Access to online mental health support via Spill

Cycle to Work Scheme worth up to £1,000

£500 annual learning budget - you decide how to spend it to support your professional development

Ongoing personal development support including Lunch & Learns run by the team

Enhanced Family Leave

Life Assurance

Table tennis & table football - bring your competitive streak!

Snacks and an office bar that’s fully stocked

Access to our epic roof terrace

Regular team socials

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