• 2022 revenues reached 1.63 million euros, with a 51% growth
• Fourth quarter revenues exceeded half a million euros for the first time reaching to 555,154 euros. Increase compared to the respective period from last year is 58%
• For the last 2 years Modera has exceeded the plans made in the framework of the IPO and 2/3 of the planned revenues for the 2023 are covered by contracts

Modera’s revenues in 2022 reached to 1.630 million euros, which exceeded the revenues of the previous period by 51%.

“In 2022, our expected rapid growth continued. We were able to begin our cooperation with two companies at OEM level (car manufacturers), and the start of these projects has already had a positive impact on our revenue. It’s significant that we were able to continue to grow despite the general decline of the car market. This proves that digitization is a clear trend in the car market as well,” commented Raido Toonekurg, Chairman of the Board at Modera.

“The revenues of the last quarter of 2022 reached a record 555,154 euros, which clearly shows the sustainability of the growth even in a difficult economic environment. Revenues are currently received from 13 different countries.”

“The outlook for 2023 is positive, and as promised – as part of the IPO, the 2,7 million EUR sales plan is already covered by contracts by 2/3.”

Modera stands out from the majority of software companies operating in Estonia because they have a product developed in Estonia, which has over 2000 business users in more than 13 countries. The number of integrations created with various car sales portals, insurance companies and financial institutions both in the Baltics and outside the Baltic countries is also remarkable. The number of different integrations created in total is 33 and growing continuously.

More than 63,000 vehicles in different countries have been sold through Modera’s system and the financial value of these transactions is estimated at around 2 billion euros. In Estonia, the company has achieved a 60% market share. Modera’s products are used by importers and distributors of Toyota, Volkswagen, Renault, BMW, Kia, Hyundai, Volvo, Mercedes-Benz.

For more information, please contact:

Raido Toonekurg
Aktsiaselts Modera
Juhatuse liige
Tel: +372 5087 617
E-mail: raido.toonekurg@modera.com

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Modera has launched an online sales solution for the dealers of General Motors Europe brands Cadillac and Chevrolet on the German, French, English and Luxembourg market.

The new solution is a part of one of the biggest re-branding projects of Cadillac and Chevrolet. Modera Online Sales solution includes a brand-based website, online car stock and an online sales module, which enables salespeople to introduce cars to potential buyers in real-time via a video chat regardless of where the client is in the world.

“Starting our cooperation with General Motors Europe is an important milestone for Modera. Being their partner in Europe gives us a great opportunity to offer our products and services on all of the markets where General Motors is present,” said Raido Toonekurg, CEO of Modera.

General Motors has set using new innovative digital solutions as one of their goals, whilst re-entering the European market. Check out the examples of the newly-launched solution here:

• Chevrolet
• Cadillac

Nearly 25,000 vehicles have been sold in different countries with the help of Modera’s system. The monetary value of those transactions is over 600 million euros. The company holds 60% of the market share in Estonia. Importers and dealers of companies such as Toyota, Volkswagen, Renault, BMW, Kia, Hyundai, Volvo, Mercedes-Benz use the solutions offered by Modera.

         Raido Toonekurg
         Aktsiaselts Modera
         Juhatuse liige
         Tel: +372 5087 617
         E-mail: raido.toonekurg@modera.com

The post Modera Launches an Online Sales Solution for General Motors Europe appeared first on Modera.

30 November 2021 – Tallinn, Estonia – Modera Ltd has signed a partnership agreement with Infomedia Ltd (ASX:IFM) a leading software provider in parts, service and data insights solutions to the global automotive industry, to distribute Infomedia’s Infodrive data analytics and marketing solutions in the Nordic, Baltic regions and Poland, with an option to extend the partnership into other EMEA markets.

Infomedia will integrate Infomedia’s Infodrive products into the Modera Automotive Cloud platform. The integration will provide dealerships with critical data insights to identify performance improvement opportunities and drive more relevant and personalized marketing communications.

Modera’s CEO, Raido Toonekurg, sees great value in the partnership with Infomedia: “We see our partnership with Infomedia as a great opportunity for our dealership customers to increase their marketing efficiency with automated tools that generate more targeted campaigns and better ROI.” he said.

“As the global leader in parts and service data with users in more than 186 countries, Infomedia is the perfect partner for Modera to grow the potential of our platform and offer new and innovative solutions to our customers.” he added.

Infomedia Ltd (ASX:IFM) is an Australian-based SaaS platform provider in parts, service, e-commerce and data analytics solutions to the global automotive industry. Infomedia has led innovation in aftersales technology within global automotive distribution networks for more than 25 years and continues to expand its reach within the three regions in which it operates.

Modera Ltd is a provider of AI-powered, flexible and open Saas platform for holistic omnichannel automotive retail. Our CRM and retail platform covers all aspects of the digital/physical car sales process. Modera is active in 10+ countries serving more than 30 automotive brands. Until 2021 over USD 1 billion worth of vehicles have been sold through the platform.

For more details please contact: Raido Toonekurg Aktsiaselts Modera Juhatuse liige Tel: +372 5087 617 E-mail: raido.toonekurg@modera.com

Original news available here

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