Garage raises $41 million Series B for its AI marketplace where 1,000 towns buy and sell used fire trucks

Garage, a New York marketplace for used fire trucks and municipal equipment, said it raised $41 million in a Series B round led by Invus Opportunities. Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength and FJ Labs also participated. The round brings Garage's total funding to $60 million.

Garage operates a marketplace where local governments, fire departments and private operators buy and sell used fire trucks and other heavy equipment. Its platform provides AI-based appraisals, freight quotes, transport coordination, warranties and financing for municipal purchases.

The company says annual platform sales have passed $100 million after growing more than 400% from the previous year. Garage says it serves more than 1,000 communities across all 50 US states and Canada. It will use the funding to hire staff and expand into public works and sanitation equipment. "Reaching $100 million in annual sales with zero logistics employees is a testament to the power of their AI-driven platform," said Bryan Kim, partner at Invus Opportunities.