
CarAdvise
Vehicle maintenance and repair, simplified.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
$200k | Series A | ||
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 22 % | 14 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
CarAdvise operates as an online platform that facilitates the connection between vehicle owners and a network of over 30,000 maintenance and repair shops across North America. The platform allows users to compare prices for a wide range of services, schedule appointments, and manage their vehicle's service history through a mobile application. The business model appears to be centered on providing a transparent and convenient solution for car care, offering upfront pricing to its users. By aggregating a large network of service providers, CarAdvise offers consumers a way to potentially save up to 40% on vehicle maintenance. The company targets individual car owners and has also established partnerships with organizations like USAA and Instacart, indicating a focus on both the general consumer market and specific segments such as military members and gig economy drivers. Revenue is likely generated through commissions from the service shops for bringing them customers, or through subscription fees for premium features, although the specific revenue model is not detailed in the provided information. The presence of in-house ASE Certified mechanics suggests a commitment to quality control and customer trust, as they can verify the necessity and fairness of recommended services.
Keywords: vehicle maintenance, car repair, price comparison, appointment booking, automotive services, fleet management, car care, auto repair network, vehicle service platform, cost savings