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Autoquake gets millions in investment for expansion

Autoquake, the online used car retailer, has been guaranteed £6 million of venture capital funding to help the Leeds-based business expand internationally.

High Capital Partners and existing Partners are providing the money on top of £3 million which was invested in the company in 2006.

Autoquake sells used cars on behalf of large corporate fleet and leasing companies direct to consumers.

The hike in investment has also been met with some new executive appointments. Gary Nicholls has been appointed vice president of retail operations and Clement Mazen has joined the company to head up customer acquisitions.

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