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Automotive Care Giant Bridgestone Invests In Seattle Mobile Auto Repair Startup Wrench - Start Up Gazzete
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Automotive Care Giant Bridgestone Invests In Seattle Mobile Auto Repair Startup Wrench

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In just four years, the Wrench mobile car service has grown from a startup with 30 employees in Seattle to a multi-service operation in dozens of cities. It is now forcing a partnership with tire and maintenance giant Bridgestone, which has just led a new round of investment in the company. Wrench declined to say exactly how much he raised.

The new partnership will pair Wrench’s mobile services platform with the more than 2,200 automotive service stores of Bridgestone Americas, Bridgestone’s US subsidiary.

Wrench employs “mobile mechanics” in 40 metropolitan areas across the country who turn to the customer to do repair work without a physical shop or dealership, via reservation in an app. Additionally, Wrench provides access to road towing, vehicle details, tire fitting, and used car inspection prior to purchase.

There are about 285 employees at Wrench, about half of them mechanics, and more than 5,000 inspectors on its platform.

In recent years, Wrench has acquired several businesses that increased its offerings or attracted rivals.

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Last year, Wrench acquired automotive inspection company Lemon Squad, boosting its auto inspection arm, and forged a forged partnership with Tirescanner, an online tire retailer and mobile tire installation service. Wrench has also acquired Toronto-based rivals Fiix and Chicago-based Octobots.

The new partnership will allow Bridgestone stores to provide Wrench-powered mobile vehicle service appointments. The companies will detail their integration plans later this year, according to a Bridgestone statement.

“Our partnership with Bridgestone will help accelerate the industry’s digital transformation. This enables both companies to expand our customer offerings, while increasing our vehicle care technologies and expertise together,” said Wrench CEO Ed Peterson. , it’s a statement.

Wrench’s revenue from its fleet vehicle service skyrocketed during the pandemic, increasing 300% year-over-year in 2020, driven by high demand among delivery vehicles.

Wrench had previously raised $ 20 million in June. Madrona Venture Group, Tenaya Capital, Vulcan Capital, Alumni Venture Group and Arnold Venture Group also participated in the latest round, according to a Wrench spokesperson.

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Joshua Smith
https://startupgazzete.com

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