BizzyCar – a leading autotech solution that exponentially increases service revenue by automating recalls – announced the closing of its $15 million growth funding round. The oversubscribed round was led by Dealer Tire, with participation from existing investors.
The funding will accelerate BizzyCar’s growth and scale its AI-driven platform to meet increasing demand from dealerships across the US and Canada. And BizzyCar has exceeded 300% year-over-year growth for multiple years and the company is continuing to reshape how dealerships manage service operations.
BizzyCar’s main product is a fully automated service platform that uses proprietary recall data to drive customers into franchise dealers for recall service, frequently exceeding 10 times ROI and increasing customer retention. In a challenging environment, dealers are increasingly focused on maximizing service profits, which currently make up over 50% of their gross profit. By automating critical service processes, BizzyCar helps dealers increase efficiency and profitability.
This platform integrates directly into OEM systems and leverages best-in-class first-party data (powered by AI) to provide a turnkey dealership solution. BizzyCar is also investing heavily in mobile service technology, offering dealers better ways to integrate mobile service into their processes.
Newly included in their suite of offerings is Recall Scout, a tool designed to eliminate missed service opportunities for dealerships. With 70 million vehicles on the road currently subject to recalls, and 34 million recalls last year alone, Recall Scout helps dealers tap into a critical service revenue stream by identifying and addressing recalls for customers who already have unrelated service appointments booked.
Along with rapid product adoption, BizzyCar expanded its team to 80 members and plans to grow to 120 employees by the end of the year. And with this new funding round, the company is positioned to continue its annual growth trajectory, adding new customers and increasing the capabilities of its platform.
KEY QUOTES:
“We’re excited about the future of BizzyCar and this latest funding round is a critical step in our growth journey. This capital will enable us to accelerate our efforts in building the next generation of automated service platforms, reaching more dealers, and driving innovation across the auto industry. Dealer Tire stood out as the perfect strategic partner, not only because we share the same customer base and stakeholders, but also due to their vast network of nearly 9,000 dealership customers and over 20 OEM relationships. Their ability to help us scale aligns perfectly with our vision, and together, we’re positioned to deliver even more value to dealerships nationwide.”
“Our mission is to build the next generation automated service platform in autotech, while making roads safer for drivers across all manufacturer brands. We are excited to continue partnering with innovative investors like Dealer Tire, Avenue Growth Partners, and Cequel III, as we scale our platform and bring transformative solutions to the automotive industry.”
-Ryan Maher, CEO of BizzyCar
“We have been watching the acceleration of BizzyCar in the recall space with interest. We understand the significance of a solution that improves safety for drivers and efficiency for dealer owners. Dealer Tire is excited to be a part of the Company’s growth.”
-Scott Mueller, CEO at Dealer Tire
