CarVertical


Carvertical is a Lithuanian information technology company that provides vehicle history reports. Founded in 2017, it operates in multiple regions through a website and mobile apps.
WWW carvertical.com

How it works

Users request a report by entering a vehicle identification number on carVertical’s platform. The company aggregates available records from public and commercial databases, such as registration, ownership, insurance, and governmental roadworthiness test data. Then generates a vehicle history report. The scope of information in a report depends on the data held by the contributing sources in each country.

Information sourcing

Listed as an approved NMVTIS data provider by the U.S. Department of Justice. NMVTIS receives title, brand, and odometer records from U.S. state motor-vehicle titling agencies. It also includes salvage and total-loss information reported by insurance carriers and by junk, salvage, and auto-recycling yards that handle salvage vehicles. Consumer NMVTIS reports typically show current title status, brand history, the most recent odometer reading, and, where available, theft data. NMVTIS does not include full repair histories.
According to CITA, the company provides vehicle history reports in 28 countries, with coverage extending across most of Europe, the United States, Mexico, and Australia. As an NMVTIS data provider, its U.S. reports draw on participating state motor-vehicle titling agencies and cover vehicles such as passenger cars, buses, trucks, motorcycles, recreational vehicles, motor homes, and tractors.

Information sourcing disputes

In June 2023, the Lithuanian Court of Appeal partly upheld a claim by Diginet LTU, the operator of Autoplius.lt, against carVertical. The court found that data from the Autoplius.lt classifieds database had been extracted and reused without authorization. It ordered the company to stop using those data in its reports and to delete previously obtained records. The court also awarded compensation of 1000 units of the minimum living standards and litigation costs.

History

  • 2017 – The company was founded in Lithuania.
  • 2018 – Raised €16 million in funding.
  • 2018 – Launched vehicle history reports in Estonia and Lithuania.
  • 2018 – Joined the MOBI initiative on blockchain use in the automotive industry.
  • 2019 – Entered its first market outside Europe by launching reports in the United States.
  • 2020 – Announced that annual revenue had quadrupled. The company then operated in 23 countries across Europe, North America, and Asia.
  • 2021 – In March, the United Kingdom became the company's 25th market.
  • 2023 – The company rebranded and updated its visual identity.
  • 2023 – Ranked 26th in the Financial Times FT1000 list.
  • 2023 – Won the LRT "Business Leadership of the Year" award.
  • 2024 – Ranked 200th in the Financial Times FT1000 list.