Automotive Ventures Partners with Wholesale Auto Supply, Strengthening Strategic Dealership Investor Base

Automotive Ventures, a leading automotive technology, and mobility Venture Capital firm, announced the strengthening of its strategic investor base to include industry heavyweight, Wholesale Auto Supply Co., Inc. (“WASCO”).

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WASCO is a purchasing cooperative owned by automobile dealers in the NY Tri-State area. Best known for its superior products and services, as well as customer service, WASCO supplies dealers with a one stop solution for all things needed to run their businesses including chemicals, janitorial and office supplies, heavy equipment, OEM compliant furniture and much more. In addition, its members receive favorable financial returns in the form of a patronage dividend.

This latest investment expands the breadth and depth of DealerFund’s connectivity to the dealer landscape. The investment fund focuses on driving strong outcomes for dealers who invest in early-stage dealership related technologies.

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“Automotive Ventures is committed to supercharging the dealer community through the next wave of industry transformation,” said Steve Greenfield, founder, and CEO of Automotive Ventures, “And , I’m honored to add Wholesale Auto Supply Company to a growing list of strategic investors to our first of its kind fund family.”

Andrea Karsian, CEO remarked, “We’re excited about the visibility into the most cutting-edge automotive technologies and access to incredible thought leaders across the automotive marketplace. We believe that working with the tight-knit investors in the DealerFund community will further advance WASCO’s unique value proposition for our dealership members.”

This latest news comes shortly after the first close announcement of the Automotive Ventures DealerFund, and the expansion of the leadership team in the Spring.

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