Yoshi Mobility, a leading tech-enabled mobile car care company, announced the closing of its $26 million Series C round. This funding round includes strategic investors General Motors Ventures and Bridgestone Americas as well as international investors Universal Motors Agencies and Shikra Limited.
Launching out of Y Combinator in 2016, the company also received investments from ExxonMobil, DN Automotive, NBA All-Star Kevin Durant, and NFL legend Joe Montana. To date, Yoshi Mobility has raised over $60 million.
Since the pandemic, Yoshi Mobility has increased its revenue tenfold – which was driven by the growth of its fleet business and corporate partnerships with Fortune 100 companies providing service as an
employee benefits through return-to-work programs.
Along with scaling its core business, the Series C funding round enables Yoshi Mobility to expand three new business lines: preventative maintenance, virtual vehicle inspections, and electric vehicle (EV) charging.
Yoshi Mobility recently completed its first acquisition – Mobile Auto Concepts Inc. (MACi). This full-suite and mobile automotive services company specializes in preventative maintenance, tire care and replacement, multipoint inspections, eco-friendly washes, and more. Yoshi Mobility’s virtual inspection business is growing exponentially through partnerships with companies such as Uber and Turo.
Yoshi Mobility is also commercializing its mobile EV charging platform to address current and future complexities related to charging EV fleets. Utilizing the Yoshi Mobility platform and tech -stack, this service positions the company to address the evolving needs of EV owners and enterprise customers, providing on-the-go charging, maintenance, and support. This means staying ahead in a rapidly changing market for fleet operators, ensuring a much more efficient service and labor savings.
Yoshi Mobility has completed millions of vehicle services. And the company’s goal is to make car ownership and management frictionless while keeping its customers moving in the safest and most efficient ways possible.
KEY QUOTES:
“Our virtual inspection business is on an exciting growth trajectory and has enormous potential. This service accelerates the onboarding process for gig-economy drivers and small business owners, while also reducing their carbon footprint by removing their need to drive to a service center for a simple inspection. It’s a true win-win across the board with clear product-market fit, synergies with our other product offerings, and great customer reviews.”
“The past few years we’ve expanded our services well beyond just gas delivery to offer car owners more comprehensive car care. No matter how the vehicles are powered – by gas, batteries, or even hydrogen – we’re well positioned to help usher in the future of mobility.”
- Bryan Frist, CEO & Co-Founder, Yoshi Mobility
