Startup Tekion became a car dealer to refine its tech

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The enthusiasm about dealership ownership from Vijayan’s executive team today stands in contrast to the mixed reactions the Tekion CEO got when he first floated the idea back in late 2019. Investing money into a store acquisition wasn’t an easy sell at a time when the company was relying on a smaller tranche of financing and fewer employees.

Tekion has raised $451 million in venture capital to date, with its latest round in 2021. The company has scaled operations to 3,000…

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