It was founded in 2017. The cofounders of the company are Audrius Kučinskas, Rokas Medonis, and Robertas Boravskis. Later they were joined by Arnas Vasiliauskas. The company’s advisory council consists of representatives are John Mack, president and CEO of CIE Automotive China, Raid Naim, ex-IT Chief Architect of the BMW Group, Peter Kuepper, Head of Transmissions’ Program Management at BMW Group and Olaf Zschiedrich, Global CTO of the OLX Group (Naspers Limited).CarVertical is a recipient of support from the European Union. It is being supported through the 2014 - 2020 Operational Programme for the European Union Funds. In November 2019, the company was named as one of the five leading startups by the European Commission.
CarVertical Vehicle History Report is based on a vehicle’s VIN number. They are 17 digits and contain a mixture of numbers and letters that provide information about the vehicle’s location of assembly, the model year of the vehicle, and which plant assembled the vehicle.
Typical Data in a carVertical reportCarVertical report includes things like the vehicle’s service history, potential mileage rollback, whether the vehicle has had multiple owners, common faults of each model, whether the vehicle experienced hidden damage, historical photos of the vehicle, theft records, and other information. A sample carVertical report is available on their website.
Sources of InformationCarVertical’s data is accumulated from various global services, including national and private registers, insurance, leasing, claims to handle databases, and paid APIs. The company also relies on data from police databases in order to discover whether a particular vehicle has been stolen or previously involved in a law enforcement incident. However, the readers are not allowed to obtain certain information per the United States law. According to the 1994 Driver’s Privacy Protection Act (18 U.S.C. § 2721 et. seq.), certain personal information (like names, telephone numbers, addresses (except for the five-digit zip code), driver identification numbers, the driver’s photograph, social security number, and medical or disability information) in connection with a motor vehicle record is not available.