MotorK

MotorK
Euronext Amsterdam: MTRK
Industryautomotive
FoundersMarco Marlia, CEO - Fabio Gurgone, CTO - Marco De Michele, VP Business Enablement
Headquarters
Milan
Key people
Amir Rosentuler, Chairman - Johnny Quach, CPO/CMO - Yair Pinyan, CRDO - Status is reachable Zoltan Gelencser, CFO,
Websitewww.motork.io

MotorK is an AI-centric SaaS vendor working in the automotive retail sector[1] in the Europe region. It is based in Milan, Italy and publicly traded on the Euronext Amsterdam.[2][3][4][5]

History

The company was founded as Drivek in Milan, Italy in 2010[6][7] as a car comparison website.[8][9][10]

In 2016, it raised the venture capital with €9 million in equity funding.[2][11] In 2018, the company got €15 million from the European Investment Bank.[12][11]

In 2017, it launched in Spain, and the following year in UK and Germany.[13][12] In 2019 Motork expanded to France.[14][15] In 2020, Motork raised additional €10 million[16] and in 2021, it was listed on Euronext Amsterdam having raised €75 million during its IPO.[17][18] The capitalization reached €251 million.[19][2][13]

In 2021, Motork established a second R&D center in Portugal and a technology hub in Israel.[20] During the same year, the company acquired Spanish Dapda S.L and French Fidcar.[21]

In 2022, MotorK acquired German software provider WebMobil24[7][22] and European automotive retail solutions provider Carflow.[23]

In 2023, MotorK acquired automotive retail solutions provider GestionaleAuto.com.[24]

Review

In 2022, the French financial newspaper La Tribune in its annual report stated that MotorK accelerates auto trade digitalization.[25][26]

References

  1. ^ "Gedi e MotorK creano il gruppo europeo leader nei servizi digitali per il settore automotive". La Stampa (in Italian). 2022-10-18. Retrieved 2023-06-20.
  2. ^ a b c Baly, Romain (2023-02-06). "MotorK se renforce dans la tech". Journal Auto (in French). Retrieved 2023-06-20.
  3. ^ "Marco Marlia, MotorK è la linfa digitale del mercato dell'automobile". Startup Business. 2021-11-11. Retrieved 2023-06-20.
  4. ^ "Building a Continuous Growth Reservoir". wallstreet-online.de (in German). 2022-10-18. Retrieved 2023-06-20.
  5. ^ "Italian tech startup MotorK eyes $175 mln Amsterdam IPO". Reuters. 2021-10-14. Retrieved 2023-06-20.
  6. ^ "MotorK, la scale up dell'automotive digitale milanese che si compra la Francia". www.ilfoglio.it (in Italian). Retrieved 2023-06-20.
  7. ^ a b "Ebner Stolz berät MotorK Plc bei dem Erwerb von WebMobil24 - Ebner Stolz". www.ebnerstolz.de (in German). Retrieved 2023-06-20.
  8. ^ Messa, Silvia (2017-11-13). ""Ho messo online l'auto perfetta. E la mia startup vola"". Millionaire (in Italian). Retrieved 2023-06-20.
  9. ^ Millionaire, Redazione (2018-12-06). "MotorK riceve 30 milioni dalla Banca europea per gli investimenti". Millionaire (in Italian). Retrieved 2023-06-20.
  10. ^ O'Hear, Steve (2017-03-23). "Italy's MotorK, a company that offers digital services to the automotive industry, raises $10M Series A". TechCrunch. Retrieved 2023-06-20.
  11. ^ a b Conzonato, Alessia (2021-12-11). "MotorK, la startup italiana del retail automotive quotata alla Borsa di Amsterdam". Corriere della Sera (in Italian). Retrieved 2023-06-20.
  12. ^ a b "MOTORK (EGFF)". www.eib.org. Retrieved 2023-06-20.
  13. ^ a b "Startup: Italys MotorK acquires the Spanish company Punsset". Agi (in Italian). Retrieved 2023-06-20.
  14. ^ "MotorK acquisisce la società 3W Net e cresce in Francia". www.engage.it (in Italian). Retrieved 2023-06-20.
  15. ^ "Jean-Pierre Diernaz nommé senior vice-président monde Brand de MotorK". Autoactu.com (in French). Retrieved 2023-06-20.
  16. ^ FinSMEs (2020-09-26). "MotorK Raises More Than €10M in Equity and Debt Financing". FinSMEs. Retrieved 2023-06-20.
  17. ^ cagiant60 (2022-09-12). "Marlia (MotorK), pericoloso crescere troppo in fretta nel commercio di auto. Meglio un m&a graduale". BeBeez (in Italian). Retrieved 2023-06-20.{{cite web}}: CS1 maint: numeric names: authors list (link)
  18. ^ "MotorK, da startup a leader dell'automotive digitale. "Ci siamo quotati ad Amsterdam per crescere e trasformare un intero settore"". startupitalia.eu. 2022-09-05. Retrieved 2023-06-20.
  19. ^ Laman, Hildo (2021-11-04). "MotorK | Is het nieuwe aandeel interessant?". Beleggers Belangen. Retrieved 2023-06-20.
  20. ^ Carrà, Massimiliano (2021-07-28). "MotorK sbarca anche in Portogallo e Israele. E annuncia: "Recluteremo oltre 100 risorse entro l'anno"". Forbes Italia (in Italian). Retrieved 2023-06-20.
  21. ^ "MotorK adquiere Dapda Motor Digital, con lo que amplía su presencia en toda España". 2021-08-10.
  22. ^ "MotorK Reports Robust Continued Momentum for H1 2023". Retrieved 2025-05-09.
  23. ^ "MOTORK PROPOSES ACQUISITION OF CARFLOW". businesswire. May 10, 2022. Retrieved 2025-05-09.
  24. ^ "MotorK Completes Acquisition of GestionaleAuto.com". businesswire. Jun 16, 2023. Retrieved 2025-05-14.
  25. ^ "MotorK surfe sur l'explosion de la digitalisation de la vente automobile". La Tribune (in French). 2022-09-23. Event occurs at CEST13:00:00+0200. Retrieved 2023-06-20.
  26. ^ "MotorK Italia e la crisi dell'automotive: il digitale ora serve anche per vendere camion e trattori". Economyup. 2020-06-12. Retrieved 2023-06-20.

Official website

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