Peter Vardy varieties tech funding group for “world-class ventures”

An funding enterprise centered on world mobility, automotive software-as-a-service, and fintech is now the main focus for Peter Vardy, after he bought or closed most of his dealerships final yr.

The brand new enterprise, Peter Vardy International, goals to again “world-class ventures” that can help the way forward for motor retailing and mobility.

“After promoting most of our retail operations in 2024, we’ve retained our Porsche Centres and are redeploying our capital, power and expertise into constructing and investing in world-class ventures,” mentioned Peter Vardy, chief government.

“We’re leaning into the longer term by backing innovation that improves lives and rethinking how worth is created.”

Peter Vardy International already consists of the entrepreneur’s present ventures CarMoney, a world automotive finance platform, and FlexAuto, which presents customisable automobile leasing choices for customers.

It additionally consists of Peter Vardy International Ventures, which has a portfolio of 11 energetic investments already in early-stage corporations, principally abroad, that are aiming to drive transformative change in transportation, finance and automobile know-how.

Nearly 20 years in the past, on the age of 27, Vardy purchased his first dealership and steadily constructed up an AM100 motor retail group in Scotland, after his father Sir Peter Vardy bought Reg Vardy plc to Pendragon.

At its peak the AM Award-winning vendor group represented BMW, Mini, Porsche, Vauxhall, Jaguar and Land Rover, and Vardy mentioned it created near £200 million in enterprise worth, with practically £15 million donated to charitable causes.

Alongside industrial ventures, the group has been a significant contributor to social change globally and in Scotland by means of The Peter Vardy Basis. Supporting these with a social imaginative and prescient to construct social capability for change, alongside assembly rapid wants by means of sensible expressions of compassion in grassroots and nationwide charities.

On the coronary heart of this mission is Gen+, an academic charity co-founded by Peter and Victoria Vardy, which has helped over 40,000 younger folks in Scotland develop ‘Meta Expertise’, these life capabilities that AI can’t replicate however which underpin success in an unsure future.

Vardy mentioned: “We need to construct nice companies and contribute to constructing higher futures. For us, these two objectives are related.”

As Peter Vardy International strikes into its subsequent part, the mission is twofold: to scale its success within the innovation financial system and to deepen its affect on younger lives throughout the UK and past.

“The final 20 years have been about constructing worth and contributing to society,” mentioned Vardy.

“The following 20 might be about doing each, simply quicker, additional and with much more goal.”