truckoo GmbH

About truckoo GmbH

Truckoo is a young tech startup founded in December 2019 and based in Munich, financed by well-known German investors. Our vision is to digitalize the current structure of the used commercial vehicle trade and become the digital, Europe-wide purchasing platform for used commercial vehicles and construction equipment. The current analog approach to buying and selling used commercial vehicles and construction equipment is very time-consuming and cost-intensive, margins are smaller, and the risk of incorrect price valuations is significantly higher – in total simply no longer fit for the future. A dealer in Germany currently has 40% of its vehicle inventory sitting on its lot for a year and searches for customers in the export market via undifferentiated platforms. The phrase “last price” from export intermediaries is an unfortunate daily reality – the good condition and thus the higher price cannot be conveyed to distant customers. The local German dealer has no way to directly influence exporters. What does he need? What budget does he have? What is he looking for in three months? Customer proximity and knowledge of current demand are lacking. Our analysis of the problem is the inherent structure of the used vehicle trade. Vehicles are purchased locally and parked locally in Germany, then offered to international customers via platforms. Prices are offered based on individual experience reports – margins sometimes absolutely overestimated. Our answer to this is: our existing truck repair shops! As a tech startup, Truckoo has set itself the goal of becoming the digital, Europe-wide purchasing platform for used commercial vehicles and construction equipment – in partnership with existing repair shops. As the industry’s first digital, Europe-wide platform, we enable repair shops to become central service points for purchasing and sales. For the first time, they can leverage their expertise and close customer relationships to build a profitable side business – and all without major effort or risk – thanks to Truckoo as an operating system. Equipped with the Truckoo app, repair shops can actively serve their customers at any time and take in vehicles. The data is offered in real time to our international buyer network. Truckoo handles communication and processing – entirely digital. An absolute novelty in the industry!