Clutch raises $7 million for building Canada’s first online car retailer

Clutch logo

Clutch, the first Canadian online car retailing platform, has raised $7 million in Seed financing with its latest round led by Real Ventures. BrandProject, FJ Labs, Azure Capital Partners, and Global Founders Capital also took part in the round. Janet Bannister, Managing Partner of Real Ventures and founder of Kijiji.ca is set to be joining the Clutch Board of […]

Fisker to go public through SPAC deal at value of $2.9 billion

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Electric vehicle maker Fisker is expected to go public through a merger with a company backed by alternative investment manager Apollo Global Management with a combined value of $2.9 billion, the companies stated Monday. The California-based automaker is going to merge with Spartan Energy Acquisition, a special purpose acquisition company. The deal is expected to close in […]

New car prices increased by 3% in June in the US

Images of Nissan Versa Sedan

COVID-19 coronavirus pandemic continues to impact the economy, but nonetheless, the average price of new vehicles purchased this June increased to $38,530, representing a boost of over three percent compared to a year ago, according to experts at Kelley Blue Book. While sales across the three months ending in June are projected to be decreasing 35 percent because of the […]