EvenFlow AI – a leader in AI-based capacity and revenue optimization solutions for automotive dealership service departments – announced the closing of a $1.5 million seed round led by Automotive Ventures and FM Capital. This funding round will advance the company’s mission to revolutionize service lane capacity management and revenue growth for automotive dealerships across North America.
EvenFlow AI’s SaaS platform applies advanced algorithms and flexible configuration to schedule service appointments optimally. And in a segment that has historically faced underinvestment, the company’s technology enables Fixed Operations to load their service bays scientifically and introduce dynamic pricing. These capabilities delivered increases of 10% to 25% in service revenue.
EvenFlow AI features best practices from other high-demand industries with fixed operational capacity, such as airlines and healthcare, in the automotive sector. These proven approaches allow dealerships to optimally manage demand through predictive services and across the wide variability of appointment requests, from express oil changes to customer-pay repairs to warranty open recall work.
Launched by Dave Anderson, EvenFlow AI’s leadership brings deep expertise in capacity and revenue optimization from industries outside of automotive, including experience at United Airlines. And with an impressive track record in industries where capacity and revenue management are key, Anderson’s background gives EvenFlow AI a strategic advantage in helping automotive clients unlock untapped revenue potential within their fixed operations.
Auto dealerships across North America are increasingly focused on driving profits from service departments, given the challenges of variable-side revenue. And EvenFlow AI’s platform meets these needs and sets a new standard for service lane efficiency and profitability by leveraging network effects and AI learning. As the platform scales, EvenFlow’s datasets will enhance service scheduling accuracy and revenue optimization, benefiting all users in the network.
KEY QUOTES:
“With a perpetual shortage of service technicians, Dealers are challenged to grow Fixed Operations through hiring alone and must find operational improvements. Appointment scheduling is at the forefront of these efforts.”
“Unfortunately, service managers have traditionally lacked the tools to effectively load their shop, resulting in the average dealership leaving 20% of revenue potential on the table. Our solution equips dealerships with AI-driven tools that pace the flow of repair orders so every vehicle can be fully serviced while improving the overall customer experience.”
- Dave Anderson, CEO and Founder of EvenFlow AI
“EvenFlow AI represents an exciting convergence of AI, process automation, and analytics aimed squarely at addressing a critical need for dealerships: operational efficiency in fixed operations. By improving capacity management and revenue yield, EvenFlow AI is poised to transform how dealerships handle service demand and deliver a higher level of customer satisfaction.”
- Steve Greenfield, General Partner of Automotive Ventures
“FM Capital sees EvenFlow AI as a leader in the AI-based transformation of dealership service departments. The solution’s ability to streamline service lane operations while delivering significant revenue growth potential aligns with our investment focus on high-impact, scalable technologies.”
- Chase Fraser, Managing Partner at FM Capital
