The first automotive accelerator in Los Angeles.
Presented by Edmunds.com
Fastlane is a three-month program in which a handful of startups focus on the car shopping space to collaborate with Edmunds to test their ideas and products. Edmunds provides the startups access to its product development, technology, user experience and analytics expertise resources so that the startups can mature their understanding of their product or service's value and then test and validate their products/ideas and develop market adoption strategies.
Access to facilitated strategy and innovation workshops that help the team identify their primary consumers, business model, market segment and more!
Access to entrepreneurs and experts in the automotive space to provide insight into the industry's challenges and help the teams avoid classic pitfalls.
Growth and Development
Access to leaders in technology, design, analytics, and business development within Edmunds.
Access to Edmunds' distribution channels and dealer network for market insights and product testing.
Office Space and Resources
Access to Edmunds' award-winning office space and resources in Santa Monica, CA.
Access to collaborative activities with fellow Fastlane participants.
How Does It Work
Team Selection and Invites
The invitation to take part of Fastlane is sent to a select number of teams who have shown great promise at our annual hackathon–Hackomotive. This accelerator program offers those teams an opportunity to take their products to the next level.
Testing –> Learning –> Repeat
This is where the magic happens! The Fastlane program is about making the participating teams go through an iterative process of product ideation, validation, learning all through constant interaction with their primary consumers.
The culmination of the program is the Demo Day where teams present their final product offering to the Fastlane Board and the entire Edmunds staff.
CuNexus A consumer-lending platform that allows lenders to provide their most creditworthy customers with "Perpetual Loan Approval".
fiSpeed Automates and accelerates the retail delivery process with enhanced customer happiness, deal speed and value.
Leasify An iPhone app that simplifies the new car leasing process. Leasify analyzes quote details with a sophisticated algorithm, publishes a "Deal Score" and provides personalized recommendations.
MyAutoCloud A third-party partner that streamlines communication between the dealer and the customer. Creates more leads for sales, service and finance.
Authority Auto A white-glove car buying concierge service.
ZipFlip Radically simplifies the selling process for the private party market.
Q: Why is Edmunds running an accelerator?
Q: What is Fastlane?
Q: What are the Fastlane specifics?
Q: What's expected out of Fastlane participating startups?
Q: How does Edmunds benefit from running Fastlane?
Q: When does Fastlane Begin?
Q: Where will Fastlane take place?
Q: Will Fastlane be covered publically?
Q: Who is eligible to participate in Fastlane?