TORONTO–(BUSINESS WIRE)–Aug. October 2022–
PAVE, the world’s first automated vehicle inspection platform, today announced its successful expansion into new markets in Europe, the Middle East, and Central and South America. One of Discovery Loft’s first clients in Ireland is TradeBid, the country’s first dealer-to-dealer marketplace to use PAVE to enable car dealers to buy and sell used cars.
PAVE enables TradeBid to build trust with platform users and keep inventory – and traders’ sales – flowing while trade vehicle purchases are invisible. “In Ireland and abroad, there is a trust gap in the trade-in process,” says Conor O’Boyle, co-founder of TradeBid. “PAVE allows our buyers to bid with confidence and our sellers to understand the real value of their vehicle without subjective forces at play.”
When TradeBid customers upload a vehicle to the platform for sale, PAVE uses artificial intelligence to provide full vehicle details, including images highlighting damage and estimated repair costs. Within two minutes, it generates a vehicle quality and condition report, which TradeBid in turn shares with buyers and sellers – greatly speeding up the trading process. Compared to a traditional auction where delivery and inspection requirements can take vehicles off the market for up to two weeks, PAVE allows TradeBid customers to complete the entire process in just a few days. Since launching PAVE in December 2021, TradeBid has generated more than 5,000 PAVE reports.
“The pace at which PAVE has been accepted and introduced in international markets shows us that our solution is urgently needed to simplify and streamline vehicle inspection,” said Brian Steinhauser, co-founder and co-CEO of PAVE. “We expect to continue our global expansion at a rapid pace.”
About PAVE
PAVE is an automotive technology company reinventing the way the world inspects vehicles. PAVE is powered by smart damage detection capabilities that allow anyone with a smartphone to perform a guided vehicle inspection simply by taking photos of their vehicle. Headquartered in Toronto, the team brings in-depth expertise from the automotive and technology industries, combining the best of artificial and automotive intelligence. Visit pave.ai for more information.
About TradeBid
TradeBid is Ireland’s most advanced digital trading marketplace, providing an end-to-end online auction platform that allows car dealers, manufacturers and leasing companies to buy and sell vehicles to each other. Headquartered in Dublin, TradeBid is a team of technologists, designers, marketers and automotive experts. TradeBid is a Drive Inc. company.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221026005188/en/
CONTACT: Lisa Ballard
Boulevard Public Relations (for PAVE)
KEYWORD: EUROPE IRELAND NORTH AMERICA CANADA
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE AUTOMOTIVE MANUFACTURING APPS TECHNOLOGY MANUFACTURING ARTIFICIAL INTELLIGENCE
SOURCE: PAVE
Copyright Business Wire 2022.
RELEASE: 10/26/2022 3:00 AM / DISC: 10/26/2022 3:02 AM
http://www.businesswire.com/news/home/20221026005188/en
Copyright Business Wire 2022.
