WhitePaper Formacar Ecosystem
  • Overview
  • Formacar Group
  • Project Description
  • Categories and Subcategories
  • Internal Economics of the Project
  • Project Monetization
  • Governance (Voting, Treasury Commitments)
  • Community and Information for Media Companies
  • Regions
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Formacar Group

Brand History

Introduction to the Formacar Group History

Formacar Group has a history marked by steady growth and expansion, highlighted by various milestones and achievements.

  1. In 2014, the company began developing a catalog for automotive tuning vendors, laying the foundation for future growth.

  2. Two years later, in 2017, Formacar launched a unique mobile application, the 3D Car Configurator, available on iOS and Android through their information portal.

  3. In 2018, the app was rebranded and received several updates, including a new feature called AR Mode. Additionally, version 2.0 of the 3D Configurator was launched, allowing users to customize car interiors.

  4. In 2019, Formacar launched a major advertising campaign, which included a giveaway of several Mercedes-Benz cars. This successful campaign significantly increased Formacar’s user base, ensuring future organic growth.

  5. The following year, in 2021, the Formacar Design division was founded, focusing on car design and styling.

  6. In 2022, еhe company enters the international market and establishing a company in Armenia - Formacar LLC.

  7. In 2024, the objective is to scale the business and enter the GCC market.

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Last updated 10 months ago