Octane, the fintech transforming the powersports and recreational vehicle purchasing experience, announced the successful closing of its Series F funding round, raising $100 million in equity capital. The latest infusion of capital will support the company’s growth initiatives, drive market penetration, and strengthen its technology platform, while also facilitating secondary share transfers.
The round was led by Valar Ventures, with participation from Upper90, Huntington Bank, Camping World, Good Sam, Holler-Classic, and other existing investors. Since inception, Octane has raised a total of $342 million in equity funding, reflecting sustained investor confidence in its business model and strategic vision.
CEO and Co-Founder Jason Guss stated, “This capital allows us to move more swiftly on key initiatives that differentiate Octane in current markets and accelerate our entrance into new ones. The continued support from both returning and new investors validates our approach to delivering innovative financial solutions to merchants and consumers alike.”
James Fitzgerald, Founding Partner of Valar Ventures, emphasized, “Octane’s unique technology and financing solutions for OEMs and dealers are unmatched. The company’s capacity for market expansion and sustained growth positions it as a long-term leader in the industry.”
Octane’s platform has supported over $7 billion in originated loans, issued more than $4.7 billion in asset-backed securities, and managed $3.3 billion in secured consumer loans since December 2023. The company currently partners with 60 OEM brands, serves more than 4,000 dealers, and continues to scale its proprietary underwriting engine and end-to-end technology solutions.
Editorially, Octane represents a compelling case of fintech innovation applied to the powersports and recreational markets. Its seamless integration of financing, technology, and media channels enables dealers to enhance profitability while providing customers with efficient, transparent buying experiences. The company’s continued focus on product development and technology-driven growth positions it as a market leader capable of expanding into new segments while maintaining operational excellence.
Furthermore, Octane’s ability to remain GAAP net income profitable while scaling rapidly showcases a sustainable business model rarely seen in the fintech sector, particularly one serving niche recreational markets. With its robust investor backing and technological edge, Octane is poised to redefine how consumers finance recreational and powersports purchases globally.
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