YourMechanic Announces $24M In Funding To Accelerate Expansion

YourMechanic Announces $24M In Funding To Accelerate Expansion Of OnDemand Car Repair And Maintenance Services

With a rating model that resembles Uber and Lyft, YourMechanic connects car owners with certified technicians who make house calls. The company offers more than 500 onsite services, including oil changes, brakes, belts, heating and A/C, manufacturer-scheduled maintenance and diagnostics.

YourMechanic has announced that it has raised $24 million, which brings its total financing to $32 million. The funding was provided by SoftBank Capital, Lerer Hippeau Ventures, Data Point Capital, Andreessen Horowitz, SAIC, Verizon Ventures, American Family Insurance, PG Ventures, Promus Ventures and Silicon Valley Bank. YourMechanic will use the capital infusion to make its highly rated service available nationwide and in Canada.

YourMechanic - LogoYourMechanic connects car owners with certified technicians who make house calls. The company offers more than 500 onsite services, including oil changes, brakes, belts, heating and A/C, manufacturer-scheduled maintenance and diagnostics. Consumers get an upfront price for services and book an appointment through the YourMechanic mobile app or website. The customers and technicians rate each other after the service is done, and technicians must maintain a 4-star rating or higher to continue their work on the platform. YourMechanic provides consumers with access to technicians at the top of their field, the convenience of having services completed at their home or office and transparent pricing that is on average 30 percent less expensive than traditional shops and dealerships.

“I founded YourMechanic in 2012 to bring transparency and convenience to car owners at a fair price. Since then we have serviced tens of thousands of happy customers and equally happy cars, resulting in triple-digit annual growth,” said co-founder and CEO Art Agrawal. “This commitment from leading investors is a reflection of our tremendous success to date and validation of our unique ondemand auto services brand that is redefining the way in which maintenance and repair services are delivered, discovered and booked.”

YourMechanic manages the entire car service process online, from service selection and quotes to booking and payments. They maintain service records and send maintenance reminders to customers through the mobile app. All YourMechanic technicians are certified, fully insured and background checked and each service is backed by YourMechanic’s 12-month, 12,000-mile warranty and $1 million liability policy.

The company also delivers a unique value proposition to technicians: two to three times the compensation of traditional brick-and-mortar repair shops, flexible schedules and the opportunity to build direct relationships with the drivers whose cars they’re entrusted to maintain, according to the company. “We often hear from our customers, ‘I’ve finally found my mechanic,'” said Agrawal. “Just like finding a great doctor, having access to an expert mechanic gives you peace of mind. We’re about delivering that peace of mind at a lower cost and without the hassle of spending the day at a shop or dealership.”

You May Also Like

Auto Care Voices Support for FTC, DOJ Comments on Right to Repair

The agencies asserted that renewing and expanding repair-related exemptions would promote competition in markets for replacement parts, repair and maintenance services.

bill hanvey right to repair

The Auto Care Association is voicing its support for recent comments from the Federal Trade Commission and Department of Justice advocating for regulations that would allow consumers and businesses to repair their own products.

In their comment to the U.S. Copyright Office, the Federal Trade Commission and the Justice Department’s Antitrust Division asserted that renewing and expanding repair-related exemptions would promote competition in markets for replacement parts, repair and maintenance services, as well as facilitate competition in markets for repairable products.

BendPak Launches Fusion ‘All-in-One’ Portal for Dealers

The new portal streamlines product research, ordering and marketing, and offers up-to-the-minute product availability and pricing.

Vehlo Acquires Shop Management Software, Shop-Ware

Shop-Ware is a cloud-based shop management platform catering to independent automotive aftermarket repair shops.

Vehlo Acquires Shop Management Software, Shop-Ware
Valvoline Celebrates Female Service Center Employees

Valvoline is launching a social media campaign led by its female experts who are sharing automotive preventive maintenance tips to promote accessible vehicle care for all.

TechForce Announces Winners of Techs Rock Awards

Misael Rodriguez and Dustin Thomas are the grand-prize winners.

Techs Rock Awards

Other Posts

ISN Expands Freedom Program for Mobile Tool Dealers

ISN’s Freedom Program is designed to provide experienced, successful mobile tool dealers with support to become an independent mobile dealer and expand their growth.

Freedom Program
Franchise Times Recognizes Take 5 Oil Change

Take 5 was recognized as the winner in the “Road Warriors” category of the Zor Awards.

Sun Auto Continues Growth in Houston

The winner of a Ford Bronco Sport giveaway was named as part of Sun Auto’s plans to invest in the community and show appreciation to its customers.

Sun Auto Continues Growth in Houston
Spark Car Wash Opens Fifth Location in Northeast

The new location “represents a milestone in Spark’s expansion and key progress toward its mission to modernize car washing with cutting-edge clean technology and membership-driven services in the Northeast region.”

Spark Car Wash