CarVertical

CarVertical is a Lithuanian startup founded in 2017 with a precise mission: eliminating information asymmetries in the used car market. Buying a second-hand vehicle has historically been a high-risk moment for buyers — the vehicle's history (accidents, repairs, true mileage, ownership changes) was difficult to verify and often manipulated. CarVertical built a system that aggregates data from over 1,000 international databases — insurance registers, police forces, technical inspectors, auctions, and dealerships — and delivers it in a detailed vehicle history report accessed via VIN (Vehicle Identification Number) lookup. The commercial impact has been rapid and significant: the platform has analysed over 12 million vehicles. In 2024, CarVertical recorded revenues of approximately €54 million — a remarkable figure for a startup operating in a niche but extremely high-demand segment. The company has also explored blockchain technology for immutable tracking of vehicle history data, positioning it within the ecosystem of startups using blockchain for authenticity verification. CarVertical operates in a European used vehicle market worth hundreds of billions of euros, where trust is the scarcest resource. The product answers a simple but urgent question for millions of buyers: "is this car what it appears to be?"