Garage Raises $41M Series B to Scale AI-Powered Marketplace for America's Essential Equipment, Surpassing $100M in Annual Platform Sales

The platform is already saving communities tens of millions of dollars by reducing the cost of more than 90% for essential equipment including fire engines, garbage trucks, and other heavy-duty vehicles.

NEW YORK, Nov. 10, 2026 /PRNewswire/ -- Garage, the leading AI-powered marketplace for America's essential equipment, today announced $41 million in Series B funding led by Invus Opportunities, along with Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength, and FJ Labs. The round brings the company's total capital raised to $60 million and will accelerate hiring and expansion into new heavy-duty verticals, including public works and sanitation.

The Problem: A Trillion-Dollar Heavy Duty Equipment Market Still Running Offline

Despite representing a $1 trillion market, the process of buying and selling heavy duty assets remains fragmented, opaque, and largely offline. Local governments and essential service providers still rely on labor intensive and archaic means to manage the procurement and disposition of their most essential assets. The broken system strips communities of critical capital and time that could otherwise be reinvested directly back into local communities nationwide.

"Garage is digitizing a massive, trillion-dollar secondary market that has been entirely overlooked by modern technology," said Bryan Kim, Partner at Invus Opportunities. "Reaching $100 million in annual sales with zero logistics employees is a testament to the power of their AI-driven platform. Martin and his team have not only built a highly efficient marketplace, but they've fundamentally rewired how local governments and private operators procure essential heavy equipment across all 50 states."

Garage's Solution: AI-Powered Marketplace Connecting Every Community in America

Garage has built the first AI-powered marketplace specifically for transacting the heavy equipment that keeps America's communities moving. By streamlining every step of the transaction, the platform connects local communities directly to a national market, transforming a complex, months-long process into a modern, transparent digital experience.

"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, Duxbury Fire Department (MA). "Garage made the process simple and helped us recover real value that we would not have seen otherwise. Those funds were put towards the cost of future apparatus, ultimately saving our community money."

Key Features:

• AI Appraisal Engine: Operates as an unbiased pricing guide for specialized municipal assets, generating data-driven valuations to guarantee fair pricing for buyers and sellers.
   
• Automated Logistics: Instant freight quoting and end-to-end transport coordination, seamlessly moving 80,000-pound vehicles across state lines without human dispatchers.
   
• Equipment Warranties: Reduces buyer risk by offering comprehensive warranties on pre-owned assets.
   
• Nationwide Market Access: Breaks down local geographic constraints by connecting municipalities to a vetted, 50-state network, with the average transaction traveling more than 1400 miles.
   
• Integrated Financing: Custom-built financing designed specifically to navigate local government budgets, compliance standards, and municipal purchasing requirements.

Delivering Unprecedented Value to Taxpayers

Garage is currently serving over 1000 communities in all 50 states, as well as Canada. By facilitating a more efficient secondary market, Garage has saved municipalities an estimated $100M+ by facilitating the capture of higher surplus asset recovery values and assisting with the procurement of pre-owned assets to enhance fleets with limited budgets. Today a new fire truck can cost as much as $2 million while on Garage communities can acquire a high-quality used truck for approximately $150,000, a more than 90% cost reduction.

Garage customer success stories include:

• South Charleston, WV: Garage helped a community of 13,000 recoup more than $1.2 million to reinvest in their community, including cancer screenings for firefighters.
   
• Utica, IN: The City's fire department was forced to liquidate due to a corruption scandal. When rebuilding the department, the city bought their entire fleet on Garage, shrinking delivery time from years to weeks, while saving $2M+.
   
• Auburn, MA: Auburn had never sold a truck for more than $10,000 through traditional methods. They utilized Garage to sell a unit for $120,000, a 10x increase in sales price that enabled the purchase of critical rescue equipment to protect the community.
   
• Burlington, VT: Historically sent surplus equipment to local auctions, selling for little more than scrap value. In less than a month on Garage, they sold two fire engines that brought in an extra $80k not previously in the budget.
   
• Skagit County, WA: Skagit County Fire District #8 sold four vehicles in less than a month, recovering more than $270k, 3x more than expected, to reinvest in public safety.

"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 CEO of Garage. "We started Garage to guarantee that every community, regardless of size, can maintain their essential services without bankrupting their town. First, it was fire trucks, then it was sanitation vehicles, but the underlying problem exists across any asset that is expensive, specialized, and hard-to-move."

Garage was founded by Martin Hunt (CEO), who served as a firefighter and EMT before attending Columbia University and later working at Goldman Sachs. In late 2023, after receiving a call from a fellow firefighter looking for a better way to procure equipment, he left Wall Street to digitize a notoriously manual, paper-driven industry. He teamed up with Alaz Sengul (CTO), an experienced software developer and launched Garage which rapidly became the largest source of used fire trucks in the country. The platform recently crossed $100 million in annual platform sales, experiencing over 400% year-over-year growth.

Municipalities and essential services businesses can buy or sell essential equipment today at https://www.shopgarage.com.

About Garage

Garage is the leading AI-powered marketplace for America's essential equipment. Serving local governments, fire departments, and private operators in all 50 states, the platform modernizes a $1 trillion secondary market by eliminating traditional geographic barriers and manual procurement processes. The company is headquartered in New York City and is backed by Infinity Ventures, Invus Opportunities, Initialized Capital, Y Combinator, Benchstrength, and FJ Labs. Learn more at https://www.shopgarage.com.

Riley Munks
PR Advisor
Activate PR
https://www.activate-pr.com 
[email protected]

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SOURCE Garage