Our Investment in Autocorp.ai

Riverside Acceleration Capital (RAC) is proud to announce our recent investment in Autocorp.ai, a company based in Ottawa, Ontario that is helping auto dealerships simplify the car-buying journey.

Dealerships today operate in a challenging environment where consumer expectations for seamless digital experiences collide with the practical need to pre-qualify leads. The traditional approach requires sales representatives to spend valuable time with unqualified prospects while creating friction for consumers who face uncertain financing options and trade-in values. This inefficiency can frustrate customers and reduce dealership productivity.

Recognizing these challenges, Autocorp.ai was founded in 2019 by a team of experts with extensive experience in automotive technology and dealership operations. With their deep understanding of dealership pain points, they set out to make the car-buying process faster, more efficient, and more customer-friendly. Their flagship product, AVA Credit, helps dealerships pre-qualify potential buyers with soft pull credit checks. Dealerships can integrate the product directly into their websites to help reduce risk, accelerate sales cycles, and offer a more transparent and seamless customer experience.

Since then, Autocorp.ai has expanded to offer a comprehensive platform including real-time identity verification, automated scheduling, and instant trade-in offers based on real-time market data. They’ve also launched predictive credit scoring, tapping into demographic insights powered by Equifax Canada to proactively qualify leads without requiring potential buyers to enter personal details like they would for a higher-assurance soft pull credit check. All these capabilities are managed through a single, intuitive platform that integrates with existing dealership tools to help provide greater visibility and actionable insights.

Ultimately, Autocorp.ai can empower dealership owners and their teams to focus less on administrative processes and more on serving high-quality, purchase-ready customers.

Autocorp.ai was recognized as Ottawa’s fourth fastest growing company in 2024 – a particularly impressive achievement given their capital-efficient growth strategy. The company plans to use the new funding, in part, to grow their addressable market by expanding into the United States while strengthening their position in the Canadian market.

To learn more, visit www.autocorp.ai.