EBlock acquires FastLane Auto Exchange in Michigan

1 minute read
22 February 2022

On February 22, 2022, E Automotive Inc. d/b/a E INC (TSX: EINC) and sub-brand, EBlock - announced that EBlock had acquired FastLane Auto Exchange ("FastLane"), an independent dealer only full-service auction marketplace located in Mount Morris, Michigan, 75 miles from Detroit and the Canadian border.

EBlock, an E INC brand, provides a real-time dealer-to-dealer digital auction empowering today's most innovative dealerships and wholesalers to buy and sell inventory in less time on a platform that creates the same energy and urgency of a live auction. EBlock's publicly-traded parent company, E INC, is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience.

Garrett Hamel of Gowling WLG was Canadian counsel to E INC in this acquisition.

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