Twinner concludes Series B funding round

German automotive retail company Twinner has concluded its Series B round with investments from “two German prominent families”, among others.

Founded in 2017, Twinner scans vehicles and creates an identical data record. Twinner obtains a large data set from each vehicle, based on which a Digital Twinn, i.e. a “digital twin”, is created, with which the customer can virtually see more than if he were standing in front of the vehicle themself. “The future belongs to e-commerce. Technological solutions like Twinner enable customers – independent of space and time – to take a look at a vehicle as if it were physically present.” – Jürgen Kellerhals, son of the founder of Media Markt and managing director of Convergenta Holding.

With an investment volume of more than €40 million, Twinner wants to further advance technological development and, in the medium term, create a standard for the visualization and evaluation of vehicles in order to establish a fair automobile trade worldwide. Currently, the company is aiming for targeted growth through partnerships with established players in the automobile trade, such as CarNext, a leading European online marketplace for high-quality used cars.

The Japanese industrial and automotive conglomerate Sojitz Corporation, an international leader in automotive assembly, wholesale and retail, has also been won as an investor and strategic partner. Together with Twinner, the corporation wants to accelerate the digitalisation of the Japanese automotive market.

Twinner also plays a central role at Volkswagen. In a pilot project of the manufacturer for comprehensive vehicle digitisation, tens of thousands of “Digital Twinns®” of vehicles have already been generated. There is also a close cooperation with MOSOLF, one of the leading European automotive logistics companies. At its location in Kippenheim, Baden-Württemberg, the company generates Digital Twinns® for the digital distribution of returns from the employee leasing of a Swabian premium car manufacturer.

“With Twinner, we are creating trust for the rapidly growing online business in an industry that depends on precisely this, due to high transaction values. This removes a crucial barrier that has prevented dealers and customers from buying online in the past. With Twinner, used car buying has arrived in the 21st century. This was long overdue.” – Silvan Cloud Rath, Managing Director of Twinner GmbH.