Aucto Brings Sustainability to the Industrial Supply Chain for Capital Equipment and Raises $3.7M in Funding led by NFX

Aucto enables sustainable buying and selling of business and industrial assets that may otherwise end up in landfills, with a digital platform that helps generate millions of dollars in value for enterprises with surplus capital assets.

San Francisco, Calif. – Toronto, Ontario – September 23, 2021Aucto, a pioneer in sustainable industrial supply chain management, announced today that NFX led the company’s recent $3.7 million seed round with marketplace veteran James Currier joining the company’s board of directors. Motivate Venture Capital also participated.

A Sustainable Supply Chain Strategy for Industrial Equipment

This new investment signals strong support for Aucto’s revolutionary platform that modernizes the recovery and reselling process for industrial assets such as machinery, equipment, and materials. Aucto’s innovative approach challenges the current auctioneering process in an online and mobile marketplace representing a $300-400 billion annual opportunity.

A significant increase in demand for products is straining manufacturers’ supply chains and creating widespread shortages for new equipment. This is pushing buyers to the second-hand market to meet their growing equipment needs. The Aucto platform enables companies to identify surplus assets across the enterprise and evaluate, redeploy and resell these assets on private and public marketplaces. The public marketplace connects sellers directly to buyers, allowing buyers in more than 70 countries to have the opportunity to buy directly from the world’s largest organizations.

“The current enterprise supply chain completely ignores how surplus and end-of-life assets are dispositioned,” said Jamil Rahman, CEO, and Founder of Aucto. “Aucto is able to provide a solution to address this process, providing a trustworthy, transparent, and efficient platform for buyers to source high-quality reusable industrial equipment while still shining a light on a better end-of-life process for assets. Sellers on Aucto are able to choose a more sustainable option for surplus capital assets that might otherwise end up in landfills.”

“The Aucto platform modernizes the buying, selling, and supply chain management of high-quality reusable industrial equipment, a more than $300 billion market opportunity ripe for innovation,” said James Currier, General Partner, NFX. “Aucto’s momentum is creating a network effect, accelerating greater efficiency, transparency, and sustainability to global industrial supply chain management.”

Aucto’s technology digitizes and automates asset classification, internal redeployment, buyer verification, invoicing, and payments and generates audit and compliance reports to quantify the positive impact of asset recovery efforts. In addition, organizations are able to control who and where assets are going to and build a more sustainable future by re-using and extending the longevity of their capital assets.

The platform supports a broad range of assets ranging from spare parts to entire manufacturing facilities that can be redeployed within an enterprise or sold to a global base of buyers, anywhere in the world. Companies that utilize the Aucto platform as part of their asset recovery strategy are looking to reach sustainability goals or recover value from surplus assets to directly improve their bottom line. Aucto’s unique platform provides organizations with control, transparency, and support throughout the asset disposition process and maximizes asset value by bringing motivated buyers to each sale.

Aucto’s buyers are located around the world and seeking to purchase high-quality industrial equipment and machinery at economical prices. They can browse, bid, and buy from thousands of available items, all within a few easy clicks on the platform. Buyers on the platform include equipment dealers and brokers looking to source inventory for their business as well as end-users looking to cut down lead times and get the equipment they need for their operations. Buyers can use the Aucto platform to interact with the enterprises selling their assets and purchase these assets directly from the owners without depending on a third party.

To learn more about Aucto or to begin selling on the platform, visit here.

About Aucto

Aucto is an enterprise platform that empowers organizations to manage and recover capital from surplus assets. The platform enables companies to identify surplus assets across the enterprise and evaluate, redeploy and resell these assets on private and public marketplaces. The public marketplace connects sellers directly to buyers around the world who are looking to source quality equipment, machinery, materials, and parts.

Headquartered in San Francisco and Toronto, the platform is being used in over 70 countries to help organizations achieve sustainability goals, meet compliance mandates, all while maximizing asset value.

Media Contact

Molly O’Connor
VSC for Aucto
aucto@vsc.co

Welcome to the team – Ellen Taylor & Vanessa Ortiz

The team at Aucto is thrilled to announce the hiring of two new management team members. Over the past few months, our team has been growing rapidly, and we are excited to add some fresh new faces with unparalleled experience to our team. These individuals will help serve as the foundation for Aucto as we continue to grow.

Please join the rest of the Aucto team as we welcome our new Vice President of Sales & Support, Americas – Ellen Taylor, and our Head of People – Vanessa Ortiz.

Having you both in our company is a great honor! Indeed, all of us here are very excited to work with you. Welcome aboard!

Meet Ellen Taylor – Vice President of Sales & Support, Americas at Aucto

Ellen is a performance-driven Sales Executive with 20 years focused on growing technology companies. After graduating from the University of North Carolina at Chapel Hill with a degree in Business Administration, Ellen joined the Novadigm sales team in the early start-up stages. She grew the business and won critical contracts with GM and NMCI, prompting Hewlett Packard to acquire Novadigm.

Ellen also developed the business at BirchStreet Systems to attract Serent Capital to invest in the company. Ellen achieved trusted advisor status with her customers by partnering with them to improve business processes and increase the bottom line. She brings Aucto a wealth of experience in the Spend and Asset Management arena and working with Fortune 1000 companies. Ellen likes to travel to new places in her spare time, play volleyball, and spend time on the water.

Meet Vanessa Ortiz – Head of People

Vanessa started her career in Human Resources 13 years ago. She has years of industry experience in financial services, real estate, aviation, consumer goods, and healthcare. Vanessa has a passion for building HR departments and teams from the ground up and has been recognized for her ability to build relationships and understand what motivates people.

In her spare time, she enjoys cooking, riding her Harley, and spending time with her son. Vanessa currently resides in the DFW area.

Aucto Launched Mobile Sellers App & Virtual Warehouse

Aucto launches the Aucto Seller App to streamline asset cataloging for enterprise organizations

BUFFALO, N.Y., January. 13th, 2021 /PRNewswire/ — Aucto, an online B2B marketplace for industrial assets, has released a mobile application that makes it easier for corporations to sell assets no longer needed for operations. The app integrates directly with the Aucto platform, automating the process of capturing and uploading data needed to sell an item on the marketplace.

The app works together with the Virtual Warehouse module on the Aucto platform. The Virtual Warehouse provides asset managers the ability to view and manage surplus assets across the organization. Using the Virtual Warehouse, assets can be designated for sale on the Aucto marketplace or redeployed within the organization.

Jamil Rahman, Aucto’s Founder, and CEO, comments: “The idea behind the app and the Virtual Warehouse is driven by the needs of enterprise asset managers who want universal visibility on assets throughout their business. The app reduces the friction of getting data on assets into the marketplace, and the Virtual Warehouse improves the level of visibility and control over those assets. This capability is something that is not supported by the ERP systems utilized by our clients today.”

The app also enables remote team members to catalog assets directly into the Aucto platform, providing the asset manager visibility into surplus assets at satellite facilities. This is particularly helpful in large organizations where assets may be situated in remote locations or across numerous geographies. The app is available on both Apple and Android devices. Sellers on the Aucto marketplace interested in downloading the app can do so by searching for Aucto Seller App in either the Google Play Store or the Apple App Store or by visiting https://info.aucto.com/app.

To learn more about Aucto or to begin selling on the marketplace, visit https://www.aucto.com/selling

ABOUT AUCTO

Aucto is an online enterprise platform where industrial machinery, equipment, and parts can be sold via auction or tender sale events. The platform provides enterprise sellers with a global buyer market and gives buyers the ability to purchase industrial equipment from government, public and private enterprises. Unlike other alternatives, Aucto provides sellers with control, transparency, and support for their asset sales, and maximizes asset value by bringing motivated buyers to each sale event at no cost to enterprise sellers.

Contact Information

Aucto.com
Seller Support
1-844-326-7339
support@aucto.com

Leading B2B Surplus Industrial Asset Marketplace Announces Expansion into Heavy & Mobile Equipment

Aucto.com, a leading B2B online industrial marketplace, announces recent expansion to include buying and selling heavy machinery and fleet vehicles on the platform.

BUFFALO, N.Y., Aug. 13, 2020 /PRNewswire/ — Aucto.com, a leading online industrial marketplace designed to help corporations recover value from surplus assets, is pleased to announce the decision to expand its reach to include the buying and selling heavy machinery and fleet vehicles on the platform.

This expansion will allow buyers to purchase heavy machinery and construction equipment such as dozers, loaders, and tractors in an open bidding format. Simultaneously, the expansion allows for corporations to receive fair market value for their heavy equipment assets. Aucto has established permanent categories on its platform to accommodate these assets.

Jamil Rahman, Aucto.com’s Founder and CEO, comments: “Many of our corporate sellers, that use the platform to sell production assets, also want the ability to reach buyers for their surplus mobile equipment. We felt this initiative is a natural progression of Aucto’s mission to bring more assets to market.”

To launch this new initiative, the platform will be hosting a heavy machinery auction scheduled to end on August 27th, 2020, at 1:00 PM PDT. The sale will be based out of Page, Arizona. It will give buyers both local and national, the ability to bid on over 80 units being sold in an unreserved auction. The sale will consist of:

  • (3) Caterpillar 637E Series II Coal Scrapers
  • Grove TM-875 80 Ton Crane
  • (10) Ford F-350 Pickup Trucks
  • International Off-Road Trucks
  • And much more.

To learn more about the upcoming sale and view the complete catalog, click here.

Those interested in hosting their sale on the platform are encouraged to visit https://www.aucto.com/selling or to contact Aucto seller support by calling 1-844-326-7339 or sending an email to sellers@aucto.com.

About Aucto.com

Aucto is an online enterprise platform where industrial machinery, equipment, and parts can be sold via auction or tender sale events. The platform provides enterprise sellers with a global buyer market and gives buyers the ability to purchase industrial equipment from government, public and private enterprises. Unlike other alternatives, Aucto provides sellers with control, transparency, and support for their asset sales, and maximizes asset value by bringing motivated buyers to each sale event at no cost to enterprise sellers.

Contact Information

Aucto.com
Seller Support
1-844-326-7339
support@aucto.com

Equipment & Machinery From Navajo Generating Station to be Sold in Auction

Complete Liquidation of equipment and assets of 2.25 GW Navajo powerplant to be sold in a two-day online Auction on February 26th & 27th.

PAGE, Ariz., Feb. 18, 2020,/PRNewswire/ — Starting on February 26th, 2020, equipment and machinery will be sold from the Navajo Generating Station, a 2250 MW coal-fired power plant located in Page, Arizona. All equipment will be sold in a two-day online auction. Interested buyers must register to bid online on www.aucto.com.

The Navajo Generating Station is one of the largest coal power plants in North America. This sale will provide buyers a chance to purchase equipment, machinery, and tools that can be reused in the power generating sector as well as in the broader industry.

The auction is being conducted by NRI Industrial Sales, a company specializing in the marketing and sale of industrial equipment. Buyers interested in inspecting the equipment can make an appointment by contacting NRI Industrial at auctions@nri-isd.com or 1-855-550-7745. All inspections are strictly by appointment only.

To view the Day #1 auction catalog, click here.

Day #1 Featured Lots Include:

  • Large inventory of hand tools, power tools
  • Maintenance shop equipment
  • Metalworking equipment
  • Railyard equipment

To view the Day #2 auction catalog, click here.

Day #2 Featured Lots Include:

  • MRO, Spare Parts
  • General Shop Equipment
  • Tool Cabinets with Contents
  • Pallet Racking
  • Weld Shop Equipment

About Aucto.com

Aucto.com is an online industrial auction platform where businesses can liquidate surplus and used industrial parts and equipment. The platform provides sellers with a global industrial buyer market and buyers with access to a massive inventory of industrial equipment sold at liquidation pricing.

About NRI Industrial Sales, Inc.

NRI Industrial provides businesses with solutions to help them recover capital from used and surplus assets. Past clients include a range of companies and organizations, including but not limited to energy and utility providers, government agencies, and municipalities, as well as food processing, pulp and paper, manufacturing, and other industrial-sector companies. Services offered include decommissioning and salvage, auction and liquidations, equipment purchasing and disposition, as well as consignment-based sales. Visit www.nrisolutions.com for more information.

CONTACT INFORMATION

Aucto.com
Seller Support
1-844-326-7339
support@aucto.com

NRI Industrial Sales, Inc.

Auctions Department
+1 (855) 550-7745
auctions@nriparts.com

All Equipment From Retired Green Bay Powerplant to be Sold in Auction

Complete liquidation of all equipment and assets of a retired 400MW Green Bay-based powerplant to be sold in a two-day online auction on March 26th and 27th @ 9:00 am CDT on Aucto.com.

GREEN BAY, Wis., March 13, 2019,/PRNewswire/ — After shutting down power generation at the end of 2018, all equipment and machinery at the Green Bay-based powerplant will be sold in a two-day online auction. The plant closure adds to the over 200 coal-burning power plants that have been shut down in the United States since 2010 as part of the energy infrastructure overhaul.

The now-retired 400 MW coal-fired facility generated power for the state of Wisconsin as part of a larger power generation network. The plant ceased operations at the end of 2018. All equipment, machinery and parts are available to purchase via auction. Interested buyers must register to bid online on www.aucto.com.

The auction is being conducted by NRI Industrial Sales, a company specializing in the marketing and sale of industrial equipment. Buyers interested in inspecting the equipment can make an appointment by contacting NRI Industrial at auctions@nri-isd.com or 1-855-550-7745.

To view the Day #1 auction catalog, click here.

Day #1 Featured lots include:

  • Machine shop tooling, lathes, grinders, drills and shop equipment
  • Electrical motors
  • Transmitters, flow meters, and instrumentation
  • Pumps and valves
  • Coal process equipment, feeders, pulverizes

To view the Day #2 auction catalog, click here.

Day #2 Featured lots include:

  • Electrical test equipment
  • Lab equipment
  • Electrical controls, motor drives, circuit breakers, and disconnect switches
  • Transformers, switchgear, and motor control centers

ABOUT NRI INDUSTRIAL

NRI Industrial provides businesses with solutions to help them recover capital from used and surplus assets. Past clients include a range of businesses and organizations, including but not limited to energy and utility providers, government agencies, and municipalities, as well as food processing, pulp and paper, manufacturing, and other industrial-sector companies. Services offered include decommissioning and salvage, auction and liquidations, equipment purchasing and disposition, as well as consignment-based sales. Visit www.nrisolutions.com for more information.

CONTACT INFORMATION – FOR MORE INFORMATION ABOUT THE AUCTION, PLEASE CONTACT:

NRI Industrial Sales Inc.
Auctions Department
+1 (855) 550-7745
auctions@nri-isd.com

Aucto.com
+1 (855) 709-9813
support@aucto.com
1-844-326-7305

All Assets of Sarnia-Based Construction Contractor to be Sold VIA Auction

Complete liquidation of all equipment and assets of C&C Construction to be sold in a two-day online auction hosted by NRI Industrial on March 20th and 21st @ 8:00 am EDT.

SARNIA, Ontario, March 8, 2019,/PRNewswire/ — Assets including equipment, machinery, and vehicles belonging to C&C Construction will be sold in a two-day online auction. The Sarnia, Ontario based contractor specializes in industrial control, high voltage, civil and heavy construction projects. The firm provided industrial engineering and construction services to major corporations in Southern Ontario, Canada. Interested buyers must register to bid online on www.aucto.com.

The auction is being conducted by NRI Industrial Sales, a company specializing in the marketing and sale of industrial equipment. Equipment includes a large inventory of construction tools, surveying equipment, test & measurement equipment, and construction vehicles.

Buyers interested in inspecting the equipment can make an appointment by contacting NRI Industrial at auctions@nri-isd.com or 1-855-550-7745.

To view the Day #1 auction catalog, click here.

Day #1 Featured lots include:

  • Fleet vehicles, trailers, rolling stock
  • Hoisting & rigging equipment
  • Construction materials, electrical supplies, hardware
  • Tool crib material including hand tools, power tools
  • Equipment attachment including augers, sweepers, breakers

To view the Day #2 auction catalog, click here.

Day #2 Featured lots include:

  • Test & measurement equipment
  • Construction & surveying equipment
  • Motor starters, contactors, relays, disconnects
  • Transmitters, flow meters, control components
  • Electrical equipment including breakers, fuses, conduit

ABOUT NRI INDUSTRIAL

NRI Industrial provides businesses with solutions to help them recover capital from used and surplus assets. Past clients include a range of businesses and organizations, including but not limited to energy and utility providers, government agencies and municipalities, equipment dealers, as well as food processing, pulp and paper, manufacturing, and other industrial-sector companies. Services offered include decommissioning and salvage, auction and liquidations, equipment purchasing and disposition, as well as consignment-based sales. Visit www.nrisolutions.com for more information.

CONTACT INFORMATION – FOR MORE INFORMATION ABOUT THE AUCTION, PLEASE CONTACT:

NRI Industrial Sales Inc.
Auctions Department
+1 (855) 550-7745
auctions@nri-isd.com

Aucto.com
+1 (855) 709-9813
support@aucto.com
1-844-326-7305

Complete Facility of Scrap Metal, Cranes and Buildings for Sale Via Auction on Aucto.com

The complete facility of scrap metal, cranes, conveyors, buildings equipment to be sold in an online auction ending on January 23rd, 2019 at 2:00 pm PST.

COMPTON, Calif., Jan. 14, 2019 /PRNewswire/ — RAAR Group USA Inc is holding an online auction with multiple lots of scrap metal, industrial cranes, portable buildings, and more. Located in Compton, California the equipment is remaining equipment from a former steel distribution center. This industrial auction will be held online on Aucto.com.

The estimated weight of all the scrap metal available for auction is estimated between 2,000 to 3,000 tons. Equipment available to bid on includes varying amounts of scrap metal, a Frontier 10 Ton Crane, steel conveyors, portable offices, and steel beams. Interested buyers are invited to register on Aucto.com to participate in the auction and view more lots and item descriptions.

To arrange a viewing please contact the seller directly by calling (310) 487-3800. Inspection is also allowed between the hours of 8:00 am and 3:00 pm on 01/22/2019 and the morning of the sale (01/23/2019) between 8:00 am and 12:01 pm. The assets are located at 225 W. Manville, Compton, CA, Compton, 90220

To view the complete auction catalog, click here.

Featured lots include:

  • Steel Conveyors
  • Double Decker Portable Office
  • Portable Office
  • Frontier 10 Ton Crane
  • Steel Scrap Bin

ABOUT AUCTO.COM

Aucto connects industrial equipment buyers and sellers on an easy-to-use, secure, and global platform. For sellers, Aucto provides a marketplace to recover capital from surplus and used industrial equipment. For buyers, Aucto gives access to quality used equipment at liquidation pricing. Regardless of who you are, or how large your organization is, Aucto is smart, simple, and always working for you.

CONTACT INFORMATION – FOR MORE INFORMATION ABOUT THE AUCTION, PLEASE CONTACT:

RAAR Group USA Inc

Rick Schotts
(310) 487-3800
Rick.raargroup@gmail.com

Aucto.com
Aaron Lee
+1 (844) 326-7339
sellers@aucto.com

Equipment and Machinery from Historical Brayton Point Power Station to be Sold in 3-Day Auction

SOMERSET, Mass., Aug. 29, 2018,/PRNewswire/ — All equipment and machinery located at shutdown Brayton Point Power Station will be sold in a three-day online auction beginning on September 18th to 20th, 2018. The auction is the next phase of the plant’s decommissioning, which began on May 31st, 2017 when Brayton Point ceased operations after over half a century of being in business. Interested parties can view the assets available in the auction and bid online on Aucto.com.

The plant began operating in the 1960s and has since generated 1,600 MW each year, supplying power to approximately 1.5 million homes and fueled Somerset’s schools and services. Brayton Point is recognized as being the largest fossil-fueled power plant in New England. Currently, coal constitutes 2% of New England’s energy mix. Now that Brayton Point has closed its doors, the remaining two coal plants in the city are expected to follow suit.

The sale event will be managed by Industrial Asset Recovery Group (IARG), an affiliate of Commercial Development Company Inc. (CDC) that specializes in industrial liquidation. With more than 30 years of experience in the field, IARG manages the liquidation process of surplus equipment, machinery, and other industrial assets created by CDC’s redevelopment projects.

To enable online bidding, IARG will be hosting the sale on AUCTO.COM, an industrial bidding platform. The live auction will be broadcast to online bidders using Aucto’s Live Bidding technology, where bidders can view a live audio/video stream of the auction and bid online. Beginning on Tuesday, September 18th, the auction will span three days, with the sale starting each day at 10:00 AM (EST). All interested buyers are requested to register on Aucto.com to participate in the auction.

The auction will feature over 2000 lots of surplus equipment and machinery. The equipment sale schedule is set up as follows:

An open inspection of the assets will take place on Fri. Sept. 14th & Mon. Sept. 17th, 8 am to 5 pm EDT –Includes Auction Day. All prior days are by appointment only.

The live auction will be conducted by SouthCoast Auctions & Realty, MA Lic. #662.

Contact Info

Aaron Lee
AUCTO.COM
a.lee@aucto.com
1 844 326 7305 ext. 249
https://www.aucto.com

AUCTO.COM announces a major upgrade and revamp to its industrial equipment marketplace

AUCTO 2.0 will introduce new marketplace software that will make buying and selling industrial equipment easier.

BUFFALO, N.Y., June 18, 2018,/PRNewswire/ — AUCTO.COM, an online marketplace for surplus and used industrial equipment, today announced a major upgrade and revamp (AUCTO 2.0) to its online auction platform and marketplace. Launching on July 1st, AUCTO 2.0 will introduce many new features designed to improve functionality, accessibility, and reporting. The upgrade will also include features to better promote sales and make it easier for buyers to purchase industrial equipment.

Jamil Rahman, AUCTO.COM’s Founder and CEO, comments: “AUCTO was born out of our recognition that the dominant liquidation model was not meeting the needs of sellers or buyers. While we accomplished our initial goal of providing a transparent, simple, and effective platform to list, sell and purchase surplus industrial assets, to meet our users’ ever-changing needs and demands, we know we need to constantly improve our marketplace.”

To enhance both the buying and selling experience on AUCTO.COM, AUCTO 2.0’s new features include fixed-price and offer-based listings, improved equipment categories and subcategories, a better layout and landing page design, as well as a dedicated mobile bidding engine designed to provide a feature-rich bidding platform for buyers using a mobile device. AUCTO 2.0 also offers an industry-first Voice over Online Auction feature which allows sellers to broadcast live sound over their online auctions- providing bidders with important information on machinery as it’s being sold. Additional features specific to sellers include an improved back-end structure, API interface to bulk upload listings as well as seller stores.

For a list of the update’s new features and how they will affect your buying and selling experience on AUCTO.COM, visit our blog.

About AUCTO.COM

AUCTO.COM is an online marketplace for used and surplus industrial equipment and machinery. Its platform allows sellers to list and sell their surplus industrial assets via online auctions and fixed priced listings. Unlike other listing platforms, AUCTO.COM actively markets assets on behalf of its sellers through email, social, PPC, and telemarketing campaigns. For buyers, it provides an opportunity for businesses and equipment dealers to source industrial parts and machinery at liquidation pricing.

To learn more about selling or buying on AUCTO.COM, please visit https://www.aucto.com.

Contact Info
Clayton Arnold
AUCTO.COM
marketing@aucto.com
1 844 326 7305