What is Frontier Car Group? Frontier Car Group Review

Frontier Car Group History

Frontier Car Group was founded in April 2016 by serial entrepreneur Sujay Tyle, emerging market expert Peter Lindholm and experienced team leader André Kussmann. In addition to its home base in Berlin, Frontier is also active in countries such as Chile, Mexico, Pakistan and Turkey, with a total of 200 employees.

Frontier Car Group Basic Introduction

1. Platform and Technology

At the heart of Frontier's operations is a suite of multi-platform digital applications that facilitate the purchase of used cars and their subsequent sale to a network of dealers in the markets where we operate. From its Technology and Design Center in Berlin, Frontier digitizes the automotive sales sector for an increasingly connected society.

2. Infrastructure Creation

Since its founding in April 2016, Frontier has opened operational headquarters in five markets, established more than 100 testing centers, built warehousing and storage capabilities for $100 million in merchandise, and developed innovative supply chain solutions that have revolutionized the way cars are moved and traded in some of the world’s largest emerging markets.

3. Financing

Frontier Car Group is the pioneer of a new class of automotive financing solutions for small and medium-sized industry operators as well as aspiring consumer customers in markets previously underserved by traditional lenders. Frontier is leveraging the reach of our platform and physical network to deliver innovative B2B and B2C financial products.

Frontier Car Group Business Model

Frontier is a C2B/B2B platform, and the supply mainly comes from individuals, channel merchants, dealers, etc. First, the seller quotes the price, the platform will inspect the vehicle at the inspection center, purchase it with its own funds and put it on the platform; the dealer as the buyer then bids online and purchases the used car with the Frontier inspection certificate.

Frontier Car Group Team

Frontier Car Group's team consists of more than 600 employees in the five current operating markets, with additional staff in Sweden, the United States and the headquarters in Berlin.

Frontier Car Group Financing

In June 2017, Frontier Car Group successfully completed a round of financing of US$22 million, led by Balderton Capital, EchoVC+ and TPG/Satya, and followed by NEA, Partech Ventures and other well-known global companies.

In May 2018, Frontier announced that it had received $58 million in Series B financing. This round included $41 million in equity financing and $17 million in debt financing, led by Balderton Capital and TPG Growth, with participation from Fraser McCombs Capital and Autotech Ventures.