Modal Commerce (formerly Drive Motors)
(San Francisco, CA.) Modal provides transparent digital commerce for the world’s leading automotive dealers and brands. Its products are designed to act as transparent transaction layers that fit into an auto merchant’s existing experience.
CEO: Aaron Krane
Funding amount: $5 million
Funding: Ally Ventures, IDOM, Peter Thiel
Funding plans: Scale its commerce platform, develop new commerce tech to streamline the auto purchase transaction, hire new staff.