The Central Valley Angel Group, a Fresno-based $1-million-plus investment fund that targets early-stage companies, has announced a new addition to its portfolio.
Motoroso, Inc. is a website for automotive and powersports enthusiasts to plan, build and share their dream vehicle projects, according to a Central Valley Angel Group news release. Motoroso aims to connect an estimated 40 million enthusiasts on a single platform that combines community and e-commerce.
The amount and terms of the investment in Motoroso were not disclosed.
“Motoroso is not only giving users a better experience, they are also giving brands and service providers an effective way to engage with their most passionate customers,” according to the news release.
Silicon Valley entrepreneur and motorcycle enthusiast Alex Littlewood founded Motoroso in 2015.
Fund Chairman A. Emory Wishon says, “We have great confidence in the leadership of Alex Littlewood and the promising vision of the company. Even at this stage, the traction is significant. We look forward to the company’s substantial success”.
Motoroso’s Littlewood adds, “The investment from Central Valley Angel Group will help our company launch our new product marketplace, grow our revenue, and continue our mission to transform the automotive aftermarket.”
For more information, visit centralvalleyangels.com.