RepairSmith, a Los Angeles, CA-based technology startup offering a mobile solution for automotive repair and maintenance, raised $42m in Series B funding.
Backers included TI Capital, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital. RepairSmith has also appointed Ziad Ghandour of TI Capital and John L. Steffens of Spring Mountain Capital to its board of directors. Previously appointed board of directors include Andreas Joerg and Thomas Vogel of Mercedes-Benz AG.
The company intends to use the funds to continue rapid expansion of its service, already available in 650 cities across six states with over 100,000 service appointments completed to date.
Led by Joel Milne, co-founder and CEO, RepairSmith provides on-site repair and maintenance for car owners at their home or workplace, as well as on-location service to fleet operators, car rental agencies and dealership customers. The company provides service in Arizona, California, Georgia, Nevada, Oregon, and Texas and is currently expanding in the Southeast and Mid-Atlantic regions of the U.S.
RepairSmith utilizes a team of employee technicians who undergo background checks, certification verification, skills and customer service training. All services are backed by a 12-month, 12,000-mile warranty and are facilitated by RepairSmith’s customized, mobile repair vans.
FinSMEs
20/08/2021