Garage raises $41M to expand its AI marketplace for heavy equipment
Garage has raised $41 million in Series B funding to expand its AI-powered marketplace for essential equipment, after surpassing $100 million in annual platform sales. The company says the platform has helped municipalities save more than $100 million by improving the sale and purchase of used heavy-duty vehicles.
- Garage raised $41 million in Series B funding.
- The round brings its total capital raised to $60 million.
- The platform surpassed $100 million in annual platform sales.
- Garage serves more than 1000 communities across all 50 states and Canada.
- The company says municipalities have saved an estimated $100M+.
Funding will support hiring and expansion
The round was led by Invus Opportunities, with participation from Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength, and FJ Labs. It brings Garage's total capital raised to $60 million, according to the company.
Garage said the funding will accelerate hiring and support expansion into additional heavy-duty equipment categories, including public works and sanitation. The company currently serves more than 1000 communities across all 50 states and Canada.
Garage recently crossed $100 million in annual platform sales and reported more than 400% year-over-year growth. It says this activity has been achieved with zero logistics employees, using its technology to coordinate transactions and transportation.
A digital marketplace for municipal equipment
Garage targets a heavy-duty equipment market that the company describes as worth $1 trillion but still largely fragmented, opaque, and offline. Local governments and essential service providers often use labor-intensive processes to buy and sell vehicles such as fire engines and garbage trucks.
Its platform includes an AI appraisal engine that provides data-driven valuations for specialized municipal assets. It also offers instant freight quotes and end-to-end transport coordination for vehicles weighing up to 80,000 pounds, as well as warranties for pre-owned equipment.
The marketplace connects buyers and sellers through a vetted network covering all 50 states. Garage says the average transaction travels more than 1400 miles. The company also provides financing designed around local government budgets, compliance standards, and municipal purchasing requirements.
Lower costs and higher recovery values for communities
Garage says municipalities have saved an estimated $100M+ through higher recovery values for surplus assets and the purchase of used equipment. The company compares a new fire truck costing as much as $2 million with a high-quality used truck available through Garage for approximately $150,000, a more than 90% cost reduction.
Customer examples include South Charleston, West Virginia, which Garage says recouped more than $1.2 million for reinvestment in the community. In Utica, Indiana, the city bought its entire fire department fleet through Garage while saving $2M+ and reducing delivery time from years to weeks.
Garage also cites an Auburn, Massachusetts sale of a truck for $120,000, compared with the city's previous maximum of $10,000 through traditional methods. In Burlington, Vermont, two fire engines generated an extra $80k, while Skagit County Fire District #8 recovered more than $270k from four vehicles in less than a month.
For local governments and essential service businesses, the company says the marketplace can make specialized equipment more accessible while helping communities redirect recovered funds toward services and infrastructure. Garage was founded by Martin Hunt, its CEO, and Alaz Sengul, its CTO, and equipment can be bought or sold through the company's website.
