Garage Raises $41M Series B to Expand AI Equipment Marketplace

Garage, an AI-powered marketplace for heavy-duty public equipment, has closed a $41 million Series B funding round, the New York-based company announced. The platform, which connects buyers and sellers of vehicles such as fire engines and garbage trucks, says it has now surpassed $100 million in annual platform sales.

The company says its technology is generating substantial savings for local governments and communities by dramatically reducing the cost of acquiring essential equipment. Garage claims to cut procurement costs by more than 90% across the bulk of transactions it facilitates, a figure that the company says translates to tens of millions of dollars in collective savings for public-sector buyers.

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The Series B capital injection is intended to accelerate the platform's growth and expand its reach across the United States, where municipalities and service providers routinely face high costs when sourcing specialized heavy-duty vehicles. The funding underscores growing investor interest in applying artificial intelligence to traditionally fragmented industrial procurement markets.

The marketplace addresses a sector that has historically relied on opaque bidding processes and limited competition, factors that have long driven up costs for taxpayer-funded entities. By aggregating supply and deploying AI-driven pricing and matching tools, Garage is positioning itself as a structural alternative to conventional equipment procurement channels.

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