GT Motive
Founded Year
1971Stage
Corporate Majority | AcquiredTotal Raised
$10.74MAbout GT Motive
GT Motive is a software provider for the European automotive insurance market. On September 17th, 2021, Allianz X acquired a majority stake in GT Motive. The terms of the transaction were not disclosed.
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Expert Collections containing GT Motive
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
GT Motive is included in 2 Expert Collections, including Insurtech.
Insurtech
3,848 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
5,113 items
Track and capture company information and workflow.
Latest GT Motive News
Sep 7, 2022
Share GT Motive, a leading provider of repair data and solutions based in Spain, has signed an agreement with XA Group, a global provider of digital, hardware & manpower solutions operating in Middle East, South Asia and Europe, whereby GT Motive will provide repair data and the GT Estimate software solution to be integrated by XA Group as part of the latter’s aftersales services offering to dealers and repairers in India. GT Estimate is a cutting-edge repair software that accurately assesses vehicle damage and reports on reparability issues and vehicle condition.This partnership will enable XA Group to offer dealers and repairers in India with a cutting-edge technology for repair cost calculations, based on Original Equipment Manufacturer (OEM) data developed by GT Motive with the highest precision and that is always up to date. Ben Barber, Managing Director, XA Group commented: “XA offers a wide range of services for the automotive aftersales sector and we are very excited to add GT Motive’s repair data and technology to our portfolio, bringing many benefits to the automotive repair industry in India.” Related Posts Angel Martinez, CEO GT Motive, said: “We are really excited about this agreement with XA Group, which will enable us to expand our international reach even further and collaborate with an innovative and pioneering aftersales player, especially that XA Group has a great knowledge of the Indian market.” Headquartered in Madrid and present in 28 countries, GT Motive specializes in delivering automotive data to the repair, insurance, fleet and leasing industries. The company envisages a more open and collaborative ecosystem, providing data access to enable claims and repair digitalization. Utilizing the latest technologies, GT Motive processes more than 5 million vehicle estimates every year. Operating across the Middle East, South Asia and Europe, XA Group provides Digital, Hardware, and Manpower solutions in the automotive aftersales industry. The company thrives on providing customers with an array of next-generation capabilities, disruptive technologies and partner offerings that work in synergy to reshape the industry landscape. [To share your insights with us, please write to sghosh@martechseries.com]
GT Motive Frequently Asked Questions (FAQ)
When was GT Motive founded?
GT Motive was founded in 1971.
Where is GT Motive's headquarters?
GT Motive's headquarters is located at 1st Floor, Lynton House, London.
What is GT Motive's latest funding round?
GT Motive's latest funding round is Corporate Majority.
How much did GT Motive raise?
GT Motive raised a total of $10.74M.
Who are the investors of GT Motive?
Investors of GT Motive include Allianz X and Kartesia.
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