Garage Secures $41M Series B Funding to Expand AI-Powered Heavy Equipment Marketplace
Garage, an AI-driven marketplace specializing in heavy-duty essential equipment, has raised $41 million in a Series B funding round led by Invus Opportunities. The company, which has reached over $100 million in annual platform sales, intends to use the capital to accelerate hiring and expand into new verticals such as public works and sanitation. The platform digitizes the fragmented trillion-dollar secondary market for assets like fire engines and garbage trucks, connecting local governments and private operators across all 50 states. By utilizing an AI appraisal engine and automated logistics, Garage has already helped over 1,000 communities save significant capital by maximizing surplus asset recovery values and lowering procurement costs.