Peter Vardy launches new venture focused on future mobility and fintech
This initiative comes in the wake of Vardy's decision to divest most of his retail operations in 2024, allowing the group to redirect its resources towards growth sectors.
Peter Vardy Global builds upon a two-decade history in automotive retail, mobility, and finance, during which the group achieved nearly £200m in enterprise value and contributed close to £15m to charitable causes.
Vardy said: 'After selling most of our retail operations in 2024, we've retained our Porsche Centres and are redeploying our capital, energy and talent into building and investing in world-class ventures.
'We're leaning into the future by backing innovation that improves lives and rethinking how value is created.'
The new venture encompasses various initiatives, including CarMoney, an international car finance platform, and FlexAuto, a flexible leasing provider.
It also oversees Peter Vardy Global Ventures, which consists of a portfolio of 11 early-stage investments aimed at technology-led transformation across transport, finance, and vehicle systems.
Vardy noted: 'Our success has always come from building businesses early, from scratch or via acquisition.
'Backing people with vision, supported by a committed team, has proved incredibly powerful. We're taking that playbook global.'
Peter Vardy Global also upholds a philanthropic mission through The Peter Vardy Foundation. Its Gen+ initiative has aided more than 40,000 young people in Scotland in developing essential 'Meta Skills' necessary for success in a rapidly changing world.
Vardy added: 'We want to build great businesses and contribute to building better futures. For us, those two goals are connected.'
Looking to the future, the group intends to enhance both its commercial and social impact.
Vardy concluded: 'The last 20 years were about building value and contributing to society.
"The next 20 will be about doing both, just faster, further and with even more purpose.'
"Peter Vardy launches new venture focused on future mobility and fintech" was originally created and published by Motor Finance Online, a GlobalData owned brand.
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