Wrench’s on-demand vehicle repair and maintenance service picks up $20 million
Wrench, the Seattle-based on-demand vehicle maintenance and repair service for consumers and fleets, has raised $20 million in its latest round of financing.
Wrench is one of a growing number of companies using technology to adapt what had previously been infrastructure-heavy services closer to a more consumer-friendly, convenient business model. Other companies operating in a similar vein (and in automotive) include refueling and car wash on-demand startups, like Filld, Yoshi and Booster Fuels for gassing up and Spiffy, Wype Washos and Washé for washing.
Equipped with diagnostic software that can assess problems with vehicles based on their owners descriptions, and service trucks that can handle most maintenance and repair work, Wrench meets fleet operators and consumers at their vehicles to provide servicing and repairs.
It’s a model that has attracted some competitors with big backing. RepairSmith, which operates a similar service out of Los Angeles and San Francisco, is backed by Daimler to provide much the same on-demand repair services.
Given the competition coming into the market, it’s no wonder that Wrench is raising additional capital to
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