Garage Raises $41 Million Series B After $100 Million Sales Milestone

Garage has raised $41 million in Series B funding after passing $100 million in annual sales on its AI-powered marketplace for fire engines and other heavy-duty equipment. Invus Opportunities led the round, with participation from Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength, and FJ Labs. The financing brings the New York-based company's total capital raised to $60 million.

The company will spend the money on hiring and on expansion into heavy-equipment categories such as public works and sanitation.

What problem does the marketplace solve?

Garage built its platform to replace the fragmented and frequently offline processes that local governments and essential service providers use to buy and sell specialized vehicles. It now serves more than 1,000 communities across all 50 states and Canada.

The platform bundles several services that municipalities previously assembled piecemeal:

• An AI appraisal engine that produces data-driven valuations for municipal equipment
• Automated freight quotes and transportation coordination
• Warranties for pre-owned assets
• Financing tailored to government purchasing requirements
• Access to buyers and sellers nationwide

The logistics side is notable for what it lacks. The platform coordinates transport for vehicles weighing roughly 80,000 pounds without employing human dispatchers, and the average vehicle sold through Garage travels more than 1,400 miles.

How much money flows back to towns?

Garage estimates it has helped municipalities recover or save more than $100 million through higher resale values and access to used equipment. The price gap between new and used explains the arithmetic. A new fire engine can cost as much as $2 million; a used vehicle on the platform may sell for approximately $150,000.

Three recent transactions show the range of outcomes:

• South Charleston, West Virginia, recovered more than $1.2 million
• Skagit County Fire District No. 8 sold four vehicles for over $270,000
• Utica, Indiana, rebuilt a fire department fleet while saving more than $2 million

"An extra million dollars has a real impact on a community. Those funds can be reinvested in schools, roads, and local employees without increasing the burden on taxpayers," said Martin Hunt, co-founder and chief executive officer of Garage. "We started Garage to guarantee that every community, regardless of size, can maintain their essential services without bankrupting their town."

Who built the company?

Hunt, a former firefighter and emergency medical technician, founded Garage with software developer Alaz Sengul. The platform initially focused on used fire engines and has grown annual sales by more than 400%.

Investors frame the opportunity as far larger than fire apparatus. "Garage is digitizing a massive, trillion-dollar secondary market that has been entirely overlooked by modern technology. Reaching $100 million in annual sales with zero logistics employees is a testament to the power of their AI-driven platform," said Bryan Kim, partner at Invus Opportunities.

Fire departments supply the customer testimony. "Garage has been a game changer for us. We recently sold an almost 40 year old fire truck for nearly $40,000, an apparatus that traditionally may have brought little more than scrap value," said Chief Rob Reardon of the Duxbury Fire Department. "Garage made the process simple and helped us recover real value that we would not have seen otherwise."

The Series B signals the next test: whether the AI appraisal and dispatch model that worked for fire engines can repeat itself across public works and sanitation fleets, categories where thousands of additional municipalities buy and retire equipment every year.