YourMechanic, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

YourMechanic, Inc. - overview

Established

2012

Location

Mountain View, CA, US

Primary Industry

Internet

About

YourMechanic provides a mobile auto repair platform that connects customers with skilled mechanics, allowing for convenient vehicle servicing at home or office locations across the United States. Founded in 2012 and headquartered in Mountain View, California, YourMechanic operates a mobile mechanic service that connects vehicle owners with certified professionals for on-site repairs. The company has not undergone any significant pivots and currently operates independently. The CEO, Anthony Rodio, leads the firm, which has raised a total of USD 10.


10 mn. The most recent funding round, a Series B completed on June 2, 2022, was led by the Royal Bank of Canada, along with participation from other investors such as American Family Ventures and Y Combinator. YourMechanic offers a comprehensive range of mobile auto repair services designed to provide convenience and efficiency for vehicle owners. The core service allows customers to schedule appointments with top-rated mechanics who come directly to their home or office to perform repairs and maintenance on a wide variety of makes and models.


Service offerings include oil changes, battery replacements, diagnostics for check engine lights, brake pad replacements, and detailed pre-purchase inspections, among over 500 other services. This model eliminates the need for customers to visit traditional repair shops, promising fair and transparent pricing with upfront estimates. YourMechanic’s services are available across the United States, catering to urban centers such as Los Angeles, Chicago, Atlanta, and Washington, D. C.


, effectively reaching a diverse clientele that values convenience and quality in vehicle maintenance. YourMechanic generates revenue through a direct-to-consumer business model, where customers book services online and receive upfront pricing based on labor and parts required for their vehicle maintenance needs. Each transaction includes a flat-rate pricing structure, which facilitates clarity and trust in the pricing process. Customers typically engage with the platform to schedule services at their convenience, prompting in-person visits from certified mechanics.


The company also operates within the fleet services market, partnering with businesses to provide mobile vehicle repairs that optimize uptime. This dual approach—servicing individual vehicle owners and corporate fleets—enables YourMechanic to establish a steady revenue stream from both consumer and business-to-business transactions, enhancing its market presence within the automotive repair industry. In June 2022, Wrench, Inc. acquired YourMechanic, allowing for potential expansion of services and market reach.


With the recent funding of USD 10. 10 mn from the Series B round, YourMechanic plans to enhance its service offerings and improve its technological platform. The company may explore further geographic expansion within the United States and target new urban areas to increase its customer base and service capacity.


Current Investors

Softbank Capital, Andreessen Horowitz, Silicon Valley Bank

Primary Industry

Internet

Sub Industries

Automobile Repair, Automobiles, Other Vehicles & Parts, Web Applications

Website

www.yourmechanic.com

Verticals

E-commerce, Mobile Apps

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.