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Motorway
Car marketplace
- 201-500 employees
- B2C
- Marketplace
- Cars
- Community
- eCommerce
- Fitzrovia, London, UK
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Company mission
To build a better car market for everyone, harnessing the power of technology to deliver an amazing experience.
Few candidates hear
back within 2 weeks
34% female employees
28% employee growth in 12 months
Our take
Like many industries, the second-hand car market has undergone significant transformation, with more and more dealers and car owners looking to buy and sell cars online. Motorway is one of a handful of online car marketplaces that are capitalising on this trend.
Motorway differentiates itself from traditional e-commerce and brick and mortar stores because it’s a marketplace, rather than an inventory. This allows for improved speed and verification. Owners sell their cars 100% online in as little as 24 hours with free car collection, while Motorway also supports car dealerships with a new channel for acquisition of used car stock.
Since being founded in 2017, Motorway has grown rapidly, achieving unicorn status in 2021. It is planning on putting this capital to use expanding both geographically and internally, adding more features to its already well-reviewed product. One such feature is its ULEZ checker, which allows car buyers to assess the environmental compliance of vehicles.
The biggest challenge Motorway faces is competing with other well-funded competitors jumping on this trend, such as Auto1 and Cazoo, as well as established companies like Webuyanycar.com. However, online penetration in the £480 billion British and EU used car market is minimal - suggesting that there is enough market to share amongst Motorway and its competitors.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Many roles allow you to choose a schedule that works for you around your core hours
- Our friendly team meet up regularly for lunches and after-work drinks, plus we hold larger events at least twice a year
- Many of our roles include flexibility to work from home regularly, or fully remote for some of the year
- Your health is your wealth! We take our health and well-being seriously with comprehensive BUPA health insurance offered to every team member, regardless of seniority
- Purchase a bicycle, accessories and safety equipment through your gross salary, so that you can save on the cost of a new bike & accessories
- Juggling parenting and work is challenging. We want to support you as best we can at this important time for you and your family
- Lease a brand new electric car through your gross salary saving up to 40% on the retail cost
- You will have a personal learning and development budget to spend on a wide range of books, courses and conferences. We also include subscriptions to services like Headspace and Audible
- Many of our roles include significant stock options, so you can share in Motorway’s growth and future success
- Our pension provider is NEST, through whom you have a choice of funds that you can align with your faith, beliefs and attitudes to risk
Company values
- Create new roads - Changing things for the better through innovation
- Take the wheel - Being accountable and facing hard challenges head-on
- Be humble - Leaving egos at the door — we succeed as one
- Pedal to the metal - We move fast and act decisively
- 5-star comes as standard - Experiences that delight, excellence as standard
Funding (last 2 of 4 rounds)
Nov 2021
$190m
SERIES C
Jun 2021
$60.8m
SERIES B
Total funding: $268.3m
This company has top investors
Leadership
Tom Leathes
(CEO)Alex, Tom and Harry are serial founders. Together they founded LoanCube (Exited to AOL), Official Space (Exited to Office Broker) and Top10 (Exited to uSwitch).
Harry Jones
(CPO)Alex, Tom and Harry are serial founders. Together they founded LoanCube (Exited to AOL), Official Space (Exited to Office Broker) and Top10 (Exited to uSwitch).
Alex Buttle
(Co-Founder & VP Growth)Alex, Tom and Harry are serial founders. Together they founded LoanCube (Exited to AOL), Official Space (Exited to Office Broker) and Top10 (Exited to uSwitch).
People progressing
Steve joined Motorway back in October 2018 as a Senior Product Manager, and in his 3+ years at Motorway he has risen through the ranks to Lead PM, Head of Product, and is now a Product Director.
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Endorsements
All
Challenging work (2)
Career progression (1)
Autonomy (1)
Intelligent people (1)
Great work is recognised (1)
Team energy (1)
Inspiring mission (1)
Clear values (1)
At Motorway it really feels like our values are at the heart of everything we do. I have been at other companies where they are just nice buzz words that nobody even remembers but here they are proudly out on the open. I see examples of them demonstrated every day. From who we hire to what we praise they are part of our DNA.
Software Engineering
Clear values
Jun 2022
I don't ever feel like the smartest guy in the room and I love it. I think that's exactly where you want to be to learn the most. I don't feel out of my depth either or ashamed in admitting that because everyone is so humble and really goes out of their way to explain, help and work together as a team.
Software Engineering
Intelligent people
Jun 2022
I feel trusted to do good work in a way that works for me. We embrace the fact the humans are complicated and that's OK. A glad management structure, bi-monthly hackdays and a yearly Hackathon give a true sense of autonomy that I haven't had anywhere else.
Software Engineering
Autonomy
Jun 2022
We celebrate our successes and learn from our failures. We have a no blame culture and we encourage trying new things, with hackdays for example a lot of the work done there actually ends up in production as we took risks and they paid off and when they don't, we've learnt a lot which informs our decisions going forward.
Product
Great work is recognised
Jun 2022
We have a great team who have great domain knowledge in various areas and it's great to learn off them and expand my skill set to make better products and tools. Plus they're all good fun and great to work with.
Product
Team energy
Jun 2022
We push boundaries all the time, some people think we're an automotive company, but we're a tech company and think like one. So that includes using all the latest tech and tools, not being set in our ways and looking to constantly innovate.
Product
Challenging work
Jun 2022
Motorway is on an exciting journey to overhaul an old, and often overlooked industry. Being part of such an inspiring mission is truly humbling and rewarding!
Software Engineering
Inspiring mission
Jun 2022
Sky is the limit when it comes to career progression at Motorway! The leadership team is extremely supportive and attentive. Motorway provides the right environment to foster and encourage career growth for everyone!
Software Engineering
Career progression
Jun 2022
I have been wearing different hats since I joined Motorway. This gives me great exposure to a variety of challenging (and fun!) work. You have the autonomy to work on and own different projects. I couldn't have been happier and there's still so much to do and learn!
Software Engineering
Challenging work
Jun 2022
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