More than 600 dealerships have joined up with Tekion and the business believes roughly 50 more joinings each month. There are also a few hundred vendors on the site via business programmes. Additionally, the investment arms of automotive and manufacturing businesses such as BMW I Ventures, Airbus Ventures, General Motors, Hyundai Motor Co., and Mitsubishi-Renault-Nissan Alliance, among others, have financially supported the company.
According to a case study by UX Reactor, which worked with the firm for 18 months on the development and launch of its Automotive Retail Cloud software, the value of Tekion quadrupled to $3.5 billion in 2021 from more than $1 billion in 2020.
