México

Carlos García

16 de agosto, 2021 | 12:27 PM
  • Sector: Technology
  • Company: Kavak
  • Country: México

Together with Loreanne García Ottati and Roger Laughtlin, the CEO designed a business model to streamline the sale and purchase of used cars. The company became the first incubated initiative in Mexico to exceed a value of US$1 billion in October 2020, earning it the title of unicorn. Just months later, it quadrupled that value after closing a fourth round of investment, raising US$485 million. The company is preparing to expand to Brazil and other markets around the world. It currently sponsors the Mexican Formula 1 driver, Sergio Pérez, which has allowed it to associate its brand with that of large Mexican companies such as Banorte and Claro, part of América Móvil.

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