3 June 2019
Cazoo, one of the UK’s most exciting automotive start-ups, today announces it has signed a number of commercial partnership agreements for its vehicle logistics, refurbishment and disposal requirements with BCA (LSE: BCA).
As part of the agreements, BCA will refurbish cars purchased by Cazoo at various BCA-owned locations, with UK-wide logistics support provided by BCA Automotive. In addition, BCA will provide part exchange disposal services for Cazoo using the BCA Consumer Appraisal and DealerPro product set, as well as its market-leading imagery solutions from AutosOnShow.
Cazoo secured £30 million of funding late last year, making it one of the UK’s best-funded start-ups and has already begun purchasing cars that are currently being refurbished and stored by BCA as Cazoo builds up its inventory ahead of its planned launch later this year.
Matt Bristow, BCA’s Commercial Director said, “We are delighted to be partnering with Cazoo on refurbishment, logistics and vehicle disposal. They have ambitious plans to grow their business over the coming years and we look forward to supporting them on their journey.”
Paul Whitehead, Chief Commercial Officer at Cazoo said, “This is an exciting partnership for us as we develop the Cazoo business ahead of our launch later this year. BCA’s expertise in vehicle logistics, refurbishment and disposal will help us rapidly scale the Cazoo business as we seek to deliver the UK’s best used car buying experience for our customers.”
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Our mission is to transform the way people buy used cars in the UK by providing better selection, transparency, convenience and peace of mind. We aim to make car buying no different than buying any other product online today, where consumers can simply and seamlessly purchase a used car entirely online and have it delivered to their door in as little as 72 hours. Cazoo was founded in 2018 and has a highly experienced management team, led by Founder & CEO, Alex Chesterman OBE.