WiseDrive

WiseDrive

Car repair marketplace that connects car owners with trustworthy garages.

HQ location
Tallinn, Estonia
Launch date
Employees
Enterprise value
$200—300k
Company register number
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DateInvestorsAmountRound
-investor

€0.0

round
N/A

€0.0

round
investor investor

€0.0

round
investor

€0.0

round
N/A

€0.0

round

INR4.4m

Series A
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2020202120222023
Revenues0000000000000000
% growth-1902 %415 %-
EBITDA0000000000000000
% EBITDA margin--(255 %)-
Profit0000000000000000
% profit margin(12340 %)(1297 %)(308 %)-
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Company filings or news article, Dealroom estimates

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More about WiseDrive
Made with AI
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WiseDrive operates as a digital marketplace focused on the automotive repair sector, creating a connection point between car owners and vehicle repair workshops. The company's platform is engineered to streamline the process of obtaining car maintenance and repairs by allowing users to compare service offers from a network of vetted garages. This model addresses the common consumer challenge of finding trustworthy and competitively priced auto repair services.

The primary clientele for WiseDrive consists of individual car owners seeking a more transparent and efficient method for vehicle upkeep. On the other side of the marketplace are the car repair garages, which benefit from an expanded customer base and a digital channel to promote their services. The business generates revenue by taking a commission from the workshops for each job secured through the platform. This transaction-based fee structure aligns the company's success with the value it delivers to its garage partners.

WiseDrive has successfully secured funding from notable investors within the European startup ecosystem. The company participated in an accelerator program, receiving an investment of $120,000 on September 19, 2022. Its backers include Techstars, Spiral Ventures, Startup Wise Guys, and Bellone Invest, indicating confidence from established players in the venture capital community. The platform functions as a B2C information service, providing a centralized place for consumers to make informed decisions about their car care needs. By facilitating comparisons, WiseDrive aims to enhance the overall experience of vehicle maintenance for its users.

Keywords: car repair, automotive marketplace, vehicle maintenance, garage network, auto service comparison, commission model, B2C platform, automotive technology, repair services, vehicle owners

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