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Motorway

Unicorn · $1B

Brighton, GB · Founded 2017 · 465 employees on LinkedIn · 8 known investors

Motorway is a marketplace platform where individual sellers list vehicles and over 8,000 verified car dealers compete to purchase them, helping sellers achieve better prices for their cars. The platform uses AI-powered profiling and daily auctions to connect private car sellers with dealerships across the UK.

Also known as Motorway (brand)

Founders & leadership

Motorway was founded in 2017 by Tom Leathes, Harry Jones, and Alex Buttle.

TLTom Leathes
Tom LeathesinFounder
HJHarry Jones
Harry JonesinFounder
AB
Alex ButtleFounder

Investors · 8

Also in the syndicate · 1

Latitude

Valuation · disclosed

Disclosed events
$1Bvaluation at Series CNov 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Motorway operates a two-sided online marketplace for used cars in the United Kingdom. Private sellers enter their vehicle registration to get an instant valuation, then use a guided, AI-assisted profiling tool in the company's app to photograph and document the car. Motorway sets a guide price based on the vehicle's condition, mileage and history, and lists the car in a daily online auction in which verified dealers bid against each other; the highest offer is passed to the seller, who can accept or decline. The winning dealer collects the car from the seller's home and pays on the same day, with payment secured before the vehicle leaves the driveway. Motorway does not sell listed cars directly to consumers and does not run consumer-facing used car listings.

The platform supports ancillary parts of the transaction: settlement of outstanding hire purchase or PCP finance is coordinated with the seller's lender, an in-house payments product called Motorway Pay handles dealer-to-seller transfers, and a support team is available by phone and live chat. The company also offers dedicated bereavement support for families selling a deceased relative's vehicle. Motorway states it has 8,000+ verified dealers in its network, describing this as around two thirds of the UK dealer market, with up to roughly 9,000 cars listed in its auction each week and a car selling every two minutes as of 2026.

Founding story

Motorway was founded in 2017 by Tom Leathes, Harry Jones and Alex Buttle, who had previously worked together on earlier ventures including Top10, a broadband and mobile deal comparison site acquired by uSwitch in 2010. Motorway was the founding team's fifth company together; the co-founders first met in 2002. The company launched in July 2017 as the UK's first platform built exclusively around selling cars, after an angel round of £500,000. It initially operated as a price comparison tool showing consumers how dealers would value their car, then pivoted to the dealer-auction marketplace model the company describes as critical to its evolution.

Business model

Motorway operates a marketplace connecting private vehicle sellers with professional car dealers. Sellers list at no upfront cost and pay a service fee only on a completed sale; dealers gain access to privately owned used stock without intermediaries. The company describes its dealer-facing proposition, Motorway for dealers, as a way to buy privately owned used vehicles entirely online.

Sellers pay a service fee calculated as a proportion of the final sale price, charged only when a sale completes and typically deducted automatically from the payment when the dealer uses Motorway Pay; otherwise it is collected via a secure online payment link. There is no fee if the car does not sell. Reported revenue was £66.4m in 2024 with £78m projected for 2025.

Traction

Over 1 million people have used Motorway to help sell a car, with more than 100,000 Trustpilot reviews. As of 2026 the company reports a car selling every two minutes and up to 9,000+ cars listed weekly. Earlier disclosures include 100,000 cars sold since launch and 8,000 sales a month at the end of 2021, third-quarter 2021 sales of $411m versus $105m a year earlier, £1.7bn ($2.1bn) of used car sales in 2022 and £2.2bn ($2.82bn) in transactions in 2023. Revenue reached £66.4m in 2024 with £78m projected for 2025 and profitability targeted for 2026.

Latest developments

In 2025 Motorway launched a new brand identity, renewed its TNT Sports sponsorship, and announced a partnership with Le Capital to streamline funding for dealers buying on the platform. In January 2026 it reported 2024 revenues of £66.4m, projected £78m for 2025 and reduced operating losses, and said it expected to reach profitability in 2026; it also passed 500,000 cars sold and 100,000 excellent-rated Trustpilot reviews. An AI profiling tool launched in April 2026 and a partnership with bereavement specialists Empathy supports sales of vehicles from deceased estates.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Motorway describes itself as the UK's first and biggest car-selling platform, with a dealer network it says represents around two thirds of the UK market. It reached a valuation of over $1bn in 2021. Its model differs from other UK used car operators in that it does not list cars for consumer purchase. Management noted in 2021 that its volumes still represented less than one percent of UK used car sales, and a co-founder said in 2024 that the company retains a fairly small share of overall UK car transactions.

The platform is focused solely on the selling side of the used car transaction rather than consumer listings, using competitive daily auctions among verified dealers instead of a single trade-in or buying-service offer. The company reports sellers receive on average £1,600 more than part exchange and that 84% of sellers beat market price, and it bundles finance settlement, home collection and secured same-day payment into the sale.

Technology

The platform combines a smart valuation engine drawing on live UK market data and daily sales outcomes from its own network with an AI-powered profiling tool that guides sellers through building a vehicle listing using a smartphone camera. Auctions run daily in real time with dealer bidding, and Motorway Pay provides in-house payment processing that transfers funds before the vehicle is collected.

Go-to-market

Consumer acquisition is driven by an instant online valuation funnel from a vehicle registration lookup, a mobile app for vehicle profiling, and consumer marketing including television advertising and sponsorship of TNT Sports football coverage, alongside promotional prize draws. Trustpilot reviews are used prominently as social proof. Dealer supply is built through a verified dealer network numbering more than 8,000.

Private individuals in the UK selling a car, including those with outstanding finance and families selling vehicles from a deceased person's estate, on the supply side; verified franchised and independent used car dealers seeking stock on the demand side.

Geography

Operations are limited to the United Kingdom, with coverage across major cities including London, Birmingham, Manchester, Leeds, Glasgow, Edinburgh, Cardiff and Bristol. The company has offices in London and Brighton and has said it intends to remain UK-focused until it has completed its end-to-end experience.

History

After launching in 2017, Motorway built a customer support team in Brighton in 2018 and in 2019 developed a guided smartphone photo process for building vehicle profiles. Trading was halted in March 2020 during the UK national lockdown and resumed in May 2020 with contact-free transport; by June 2020 the company reported £1.39m of daily used car sales on the platform. A £48m Series B led by Index Ventures closed in June 2021, followed by a $190m Series C in November 2021 that valued the company at over $1bn. In 2023 Motorway launched Motorway Pay to its dealer network, acquired car-checking service Total Car Check, and signed a two-year sponsorship of TNT Sports' football coverage, later renewed in 2025. The company rebranded in 2025 with a new brand identity and visual platform, partnered with Le Capital in October 2025 on dealer funding, and in 2026 partnered with bereavement specialists Empathy and launched an AI profiling tool.

Risks & controversies

The company's operations were suspended in March 2020 when the UK national lockdown halted trading, resuming in May 2020. It has reported operating losses, with profitability targeted for 2026. Company-published research has highlighted "price chipping" by second-hand dealers and online car buyers, where final payments fall below online offers by an average of 6% and by up to 11% on cars valued under £5,000.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual transaction valueJan 2023£2.2bn ($2.82bn)
Annual used car sales transactedJan 2022£1.7bn ($2.1bn)
Average uplift versus part exchangeJan 20261,600 GBP
Cars listed in auction per weekJan 2026up to 9,000+ on average
Cars sold per monthNov 20218,000 cars
Cumulative cars sold on platformJan 2026500,000 cars
Cumulative cars sold since launchNov 2021100,000 cars
Cumulative sellers who have used the platformJan 20261,000,000 people
Daily used car sales on platformJun 2020£1.39m per day
EmployeesJan 2026400 people
HeadcountNov 2021250 people
Monthly enquiriesJan 2020100,000 enquiries
Projected revenueJan 2025£78m
Q3 salesSep 2021$411M
RevenueJan 2024£66.4m
Share of sellers beating market priceJan 202684%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with Motorway for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 10

launches, deals, and filings
Apr 2026
AI profiling tool launched

Tool helping sellers build a vehicle listing profile for dealer bidding.

source ↗

Jan 2026
Partnership with bereavement specialists Empathy

Partnership to simplify vehicle sales from deceased estates, including guidance on required paperwork.

source ↗

Oct 2025
Le Capital partnership on dealer funding

Partnership to streamline the funding process for dealerships buying cars on the Motorway platform.

source ↗

Jan 2025
Rebrand with new brand identity and visual platform

source ↗

Jan 2025
TNT Sports sponsorship renewed

Sponsorship renewed with idents featuring former footballer and commentator Ally McCoist.

source ↗

May 2023
Motorway Pay launched to dealer network

Payments service for dealers buying vehicles privately, bringing the payment stage of a car sale online with funds secured before collection.

source ↗

Jan 2023
Acquisition of Total Car Check

Motorway acquired UK-based vehicle history checking service Total Car Check (TCC).

source ↗

Jan 2023
Two-year sponsorship of TNT Sports football coverage

source ↗

Nov 2021
Motorway raises $190m Series C at over $1bn valuation

Series C co-led by Index Ventures and ICONIQ Growth, with Latitude, Unbound and BMW i Ventures participating, bringing all-time raise to $273m.

$190M source ↗

Nov 2021
James Wilson appointed Chief Operating Officer

Former Director of Marketplace Fulfillment at Amazon UK joined as COO; follows appointment of Lloyd Page as Chief Marketing Officer earlier in 2021.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Motorway do?
UK online marketplace where private car sellers list vehicles and verified dealers bid for them in daily auctions.
Who founded Motorway?
Motorway was founded by Tom Leathes, Harry Jones, Alex Buttle in 2017.
Who are Motorway's investors?
Motorway's investors include Founder Collective, ICONIQ, Index Ventures, Phoenix Court, BMW i Ventures, LocalGlobe, Marchmont Ventures.
Where is Motorway headquartered?
Motorway is headquartered in Brighton, GB.