Martin Penda
Lake City, MN (USA)
Role(s):
Founder/Owner/Principal
JPN Ventures, Inc
Find More Startups
Startup
Location:
Lake City
Industry:
Automotive
Year Founded:
2015
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
The Company seeks to revolutionize the fragmented used auto market by providing customers with a broad selection of high quality used vehicles for sale at low, no-haggle prices, expert maintenance and repair services and unique financing solutions.
The Company seeks to capitalize on the robust economic growth and the rise of a new consumer class in select African countries by offering innovative services and solutions in automotive, consumer discretionary and financial services sectors, where penetration is low but there is significant headroom for growth. We are primarily focused on the countries within the Economic Community of Central African States (ECCAS) and the Economic Community of West African States (ECOWAS). JPN Motors is involved in retail and wholesale automobile merchandising, service and financing. We plan to build on the inroads already made in Cameroon, consolidate those gains, and then expand to the 10 countries within ECCAS and ECOWAS over the next 12-18 months. We believe that our strong business processes and sales infrastructure will enable us to significantly increase our visibility, develop relationships, grow sales and promote customer satisfaction and loyalty. While the automotive market in Cameroon and the other countries within the two trading blocs is robust and growing fast, it is highly fragmented and chaotic. We seek to take a highly disciplined and professional approach to transform the market and make it more efficient and convenient for the customers.