ACV Auctions has released a mobile vehicle undercarriage imaging tool that the company is calling Virtual Lift.
The device comes in the form of a low-profile tool that uses ACV's mobile hardware and software technology to provide high-resolution bumper-to-bumper view and image of a vehicle's undercarriage in less than one minute.
The company claims that this is type of imaging system is an industry first.
The Virtual Lift is a portable, drive-over solution utilizing mobile device technology that can be operated by a single inspector," the company stated. "Less than a minute later, the ACV app creates a detailed image of the undercarriage that can be uploaded as part of the Condition Report available to all buyers."
The new tool will arrive at ACV Auctions VCIs beginning in August. Customers will start to see in-app photos as part of condition reports in October.
This system comes as a result of a $93 million in Series D funding that the company secured in December 2018. The additional capital has enabled the company to continue nationwide growth and double down on product and engineering, the company stated.