PartCycle Technologies, LLC
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PartCycle Technologies, LLC - overview
Established
2015
Location
-, AL, US
Primary Industry
Internet
About
PartCycle Technologies, LLC is an automotive parts marketplace that facilitates the buying and selling of refurbished and used auto parts, catering to consumers and repair businesses alike. Founded in 2015, PartCycle Technologies, LLC operates a platform focused on aftermarket automotive parts. Based in Florence, US, the company was acquired by Original One Parts, LLC in December 2020, although the financial details of the transaction remain undisclosed. PartCycle.
com specializes in providing a comprehensive platform for the buying and selling of aftermarket automotive parts, aimed primarily at both consumers and businesses within the automotive repair industry. Their core product offerings include a range of high-quality used and refurbished auto parts sourced from a variety of vehicles, designed to meet the needs of cost-conscious consumers and repair shops looking for reliable, budget-friendly solutions. The platform facilitates easy access to these parts through a user-friendly online interface, allowing customers to search for specific components efficiently and ensuring quick delivery times. PartCycle serves a diverse client base, including independent repair shops, auto technicians, and everyday car owners, primarily operating in the United States and Canada, where demand for sustainable and cost-effective automotive solutions has been on the rise.
PartCycle generates revenue through a direct-to-consumer sales model, where customers can purchase individual auto parts directly from their online platform. The transaction structure typically involves the sale of refurbished and used parts, with pricing reflecting the quality and condition of each item. Clients place orders through the website, and transactions are processed seamlessly, ensuring that customers receive timely updates on their purchases. Although specific pricing plans are not detailed, the company employs a straightforward pricing strategy based on individual parts, enhancing its appeal to both end-users and B2B clients such as repair shops.
By focusing on delivering value through affordable pricing on high-quality parts, PartCycle positions itself as a competitive player in the automotive parts market, catering to the growing demand for alternative solutions in vehicle repair and maintenance. As PartCycle Technologies plans for growth, they are likely to enhance their product offerings and expand their market reach. The company aims to launch new automotive parts in the coming year, aligning with their strategy to attract more customers. Additionally, there are plans to expand into new geographic regions, particularly targeting markets in North America.
The recent acquisition by Original One Parts, LLC in December 2020 will provide the necessary support for these initiatives, potentially aiding in the development of new products and market expansion efforts.
Current Investors
Original One Parts, LLC
Primary Industry
Internet
Sub Industries
Internet
Website
www.partcycle.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
PartCycle Technologies, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | PartCycle Technologies, LLC | - |
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