It was stated that it took only 10 months for their turnover to rise to $1 million in annual recurring revenue following their official launch.
[5] They also attended the AutoVentures Conference in 2016, where Modal was listed as a contestant for the main award and pitched their product as the future of the auto industry.
[7] Modal signed up their first enterprise client to date in 2016, with Asbury Automotive Group agreeing to test the software at a handful of their dealerships.
[9] Modal consequently added clients including Honda, Nissan, Porsche, Lithia, Group One, and others.
Dealers are able to implement the software and sell cars directly from the dealership website.