Charis Arvanitis
Steering Change in the Used Car Industry
Ever had a purchase experience so bad it made you want to start a company? That's exactly what happened to Charis Arvanitis when he tried buying a used car for his family.
His founder journey began in 2015 with the launch of Spotmechanic, aiming to simplify the used car buying process through inspections. But shaking up a murky market came with its challenges. Within a year, the majority of dealers were rallying against Spotmechanic. It became clear that while the service was surfacing all used car problems, it wasn't providing the solution people really wanted: a trustworthy place to get a car.
Charis at that point envisioned Spotawheel, an e-commerce platform where customers could browse through thousands of pre-inspected cars, buy them or finance them, all from their living room. And for those who seek flexibility? Meet Spotawheel GO, the first ever used car subscription service that elevates mobility and customer experience to new heights, already contributing the lion’s share in Spotawheel’s explosive growth
Spotawheel has a clear goal: to offer the ultimate used car experience in every market present. So, what's on the horizon? Subscriptions and expansion is the name of the game. With the European market boasting a whopping $500 billion potential while being largerly underbanked in the used cars space, Spotawheel is already making waves in Greece, Poland, and Romania, working against a quite ambitions expansion plan for the years to come
Inspired by Charis's journey from a frustrated customer to a game-changing entrepreneur? If you're ever tempted to turn a bad experience into a business opportunity, heed his advice: Stay sharp on your numbers, shuffle your priorities as needed, and stay laser-focused on your mission.