Companies · Mobility / Logistics

Wheels Holdco, LLC

Washington · Mobility / Logistics · refined from filed group “Other · https://www.wheels.com/

Diligence memoA one-page analyst read on Wheels Holdco, LLC — recommendation, valuation, rhythm, risks.
$935.3M
Total raised · real
1
Rounds
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Fri Nov 01 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Wheels Holdco, LLC has raised $935M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the mobility sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 20 mo ago; this sector typically re-raises about every 10 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Wheels Holdco, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
1.7 yr record
Peak capital year was 2024 with $935.3M across 1 filings.
Market position
ahead of 100% of Mobility / Logistics peers
Capital scale is ahead of 100% of Mobility / Logistics peers; modeled value is above 100% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Some evidence
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • Capital program peaked in 2024: $935.3M across 1 filings.
  • Largest single filing was $935.3M on 2024-11-01.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mobility / Logistics

Wheels Holdco, LLC is one of 431 Mobility / Logistics companies tracked from Washington. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Achieve your fleet's electric vehicle goals with Wheels. Our EV fleet management services offer sustainable solutions for efficient electric vehicle fleets.

Achieve your fleet's electric vehicle goals with Wheels. Our EV fleet management services offer sustainable solutions for efficient electric vehicle fleets. Customer success starts with dependable fleet and mobility solutions. As a full-service provider, Wheels delivers end-to-end fleet management services and support, creating experiences you and your drivers will love. From leasing and maintenance to telematics and reimbursement, we partner with you to improve efficiency, lower cost, and keep your drivers moving. We’re passionate about driving customer success for every client. From exceptional customer service to expert mobility solutions you can trust, together, we’ll power the full potential of your business. Wheels is a global leader in full-service corporate fleet management and mobility services, supporting complex operations at scale. We optimize every part of your fleet management and mobility program. From fleet leasing, maintenance and fuel to telematics, pool management and mileage reimbursement, Wheels’ fleet services support all your business needs, helping you improve efficiency across your fleet operations. Align your vehicle fleet leasing program to your unique ne

mobility
Find Wheels online

Trades publicly as Wheels.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2024
Year incorporated
2024-11-01
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5B$5.0B$7.5B$10.0BGrowth/Late · 2024-11-01 Raised $935M (real) Modeled valuation $9.1B (est)$935M$9.1BGrowth/Late2024

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Growth/Late$935.3M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$9.1B
Base estimate est.
$6.6B
Conservative case
$11.4B
Upside case
$9.4B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the mobility sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
81%
Survival probability
70% low · 87% high
1.12×/yr
Annual markup
1.22×/yr upside case
1.7 yr
Elapsed time used
1.7 yr actual, capped for stale marks
mobility
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
1.7 yr
On record since
2024
First round
1
Rounds on file
How it compares to the market

Benchmarked against 431 companies in Mobility / Logistics. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 234× above median
This company$935.3M
Sector median$4.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.8× above median
This company$935.3M
Sector median$514.7M
Modeled value — vs sector median (estimate, all stages) 378× above median
This company$9.1B
Sector median$24.2M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Flexport, Inc. · Growth/Late Raised $1.5B · modeled $12.5B (est)Weee! Inc. · Growth/Late Raised $814.8M · modeled $5.6B (est)Wheels Holdco, LLC (this company) Raised $935.3M · modeled $9.1B (est)Wheels Holdco, LLC
CompanyStageRaised · realValue · estvs peer med.
Flexport, Inc.Growth/Late$1.5B$12.5B1.37×
Wheels Holdco, LLC this companyGrowth/Late$935.3M$9.1B1.00×
Weee! Inc.Growth/Late$814.8M$5.6B0.62×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Growth/Late$935.3M2024-11-01$9.4B$9.1B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Growth/Late$935.3M2024-11-01
    • First recorded raise — entered as Growth/Late.
    • 6 investors on this round.
Intelligence
Modeled next raise
$1.5B
Modeled next size est.range $972.7M$2.4B
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
John Hamilton2 other2024-11
Mark Blaufuss2 other2024-11
Katherine Barasch2024-11
Martin Sumner2024-11
Warren Jay Potter2024-11
Wesley Bieligk2024-11
Registry & provenance

Wheels Holdco, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2042323
SEC CIK
2024
Incorporated
Recent activity

Discovered from wheels — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Weee! Inc.Mobility / LogisticsGrowth/Late$814.8M$5.6Bsame sector · same stage
STOKE Space Technologies, Inc.Mobility / LogisticsGrowth/Late$813.9M$3.6Bsame sector · same stage
Apptronik, IncMobility / LogisticsGrowth/Late$752.4M$2.9Bsame sector · same stage
Katerra Inc.Mobility / LogisticsGrowth/Late$1.2B$16.0Bsame sector · same stage
Flexport, Inc.Mobility / LogisticsGrowth/Late$1.5B$12.5Bsame sector · same stage
Meesho, Inc.Mobility / LogisticsSeries D+$764.9M$2.4Bsame sector
Guild Education, Inc.Mobility / LogisticsSeries D+$640.8M$3.1Bsame sector
Cart.com, Inc.Mobility / LogisticsSeries D+$515.2M$563.3Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Ev Semi-FleetMobility / LogisticsSeed$10.4M79%
Mobility Solutions LLCMobility / LogisticsSeed$11.6M78%
Ev Transportation Services, Inc.Mobility / LogisticsSeed$40.6M76%
Fleet Logistics, Inc.Mobility / LogisticsSeries A$68.1M76%
Roundtrip EV Solutions, Inc.Mobility / LogisticsPre-Seed$3.7M75%
CarDash
Managed marketplace for automotive services.
75%
Ds Logistics Holding, LlcMobility / LogisticsSeries B$193.0M75%
Mitra EV, Inc.Mobility / LogisticsSeries A$18.9M74%
Frequently asked
How much funding has Wheels Holdco, LLC raised?
Wheels Holdco, LLC has raised approximately $935.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Wheels Holdco, LLC's estimated valuation?
Provath's modeled valuation for Wheels Holdco, LLC is approximately $9.1B (modeled range $6.6B–$11.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Wheels Holdco, LLC at?
Wheels Holdco, LLC's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Fri Nov 01.
What does Wheels Holdco, LLC do and where is it based?
Wheels Holdco, LLC operates in the Mobility / Logistics sector, based in Washington. Achieve your fleet's electric vehicle goals with Wheels. Our EV fleet management services offer sustainable solutions for efficient electric vehicle fleets.
Explore related

See where Wheels Holdco, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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