March 4, 2016 0 Comments
The 2012 winner of TechCrunch Disrupt and Palo Alto’s top peer-to-peer car repair marketplace raised $24 million in funding from a consortium of investors. This brings the company’s total financing to $32 million. YourMechanic plans to use its new capital to expand its service to the rest of the United States and Canada. The company launched in 2012 and it allows car owners to review profiles of reputable mechanics and get instant quotes for their services. The site offers hundreds of services, including oil changes, brakes, belts, heating and A/C, manufacturer-scheduled maintenance and diagnostics, and all services are done at the car owner’s home or office. Compared to traditional repair shops, YourMechanic’s system allows its mechanics to earn more, enjoy a flexible schedule and build a direct relationship with car owners. In turn, car owners will not only have access to car experts but they can also compare quotes and get the best possible rates.
You can read about the funding here.
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