NuBrakes Raises $9M for Its Cellular Car Repair Assistance
2 min read
Walker Drewett was a 22-calendar year-old school university student at the College of Texas when he released a vehicle clean and detailing enterprise with $5,000.
He and his co-founders washed the very first 4,500 vehicles by themselves and grew the business to seven figures in income prior to noticing their prospects desired additional than a motor vehicle wash.
Drewett explained to Constructed In that his customers needed auto upkeep and repairs that they experienced put off due to the value and the inconvenience of viewing an auto mechanic.
In May well 2019, Drewett released NuBrakes, an autotech startup that lets persons to schedule brake repair, oil alterations, battery replacements and other regime servicing services at the area of their choice.
Drewett, now 27, announced Wednesday that he has raised $9 million in Series A funding, bringing NuBrakes’ total fundraising to $12 million.
NuBrakes presently serves buyers in nine marketplaces: Austin, Houston, Dallas, San Antonio, Nashville, Chattanooga, Knoxville, Atlanta and Tampa. With the additional funding, Drewett plans to double the company’s market footprint, reaching almost 20 cities by the close of 2022.
The Austin-primarily based enterprise employs 110 persons, 40 of which are car mechanics spread throughout the nine markets. The remaining 70 staff work in functions, product, engineering, marketing and advertising and profits.
The new funding will go toward doubling the workforce of 110 workforce to 220 workforce, about 50 % of which will be car mechanics. The professionals are whole-time workforce who receive gains, inventory possibilities and steady function schedules.
The Series A funding round was led by Canvas Ventures, with participation from present buyers which include Opposite Money, Bling Capital, and Automotive Ventures.
NuBrakes is also in the system of making proprietary engineering that works by using a 3rd-bash telematics application to link right with autos and get details these as mileage, which the business then uses to make a preventative upkeep plan.
By connecting to the motor vehicle, NuBrakes also learns in true time when the automobile encounters a problem, like a flat tire or a look at motor gentle. The organization then sends an warn to the consumer and allows them agenda a repair service visit.
“We imagine a earth where by you never ever consider a automobile to the shop yet again, exactly where your car or truck is able of predicting and scheduling its own assistance requires, and a initial-course support provider shows up to supply the companies essential,” Drewett stated.
NuBrakes has by now executed this technological innovation with its fleet maintenance application.
By connecting with on-board telematics units, NuBrakes is in a position to automate car or truck maintenance for fleets of motor vehicles utilised by plumbers, landscapers, supply motorists and subject company employees.
Drewett stated its providers charge 30 % significantly less than brick-and-mortar auto stores. Additionally, Drewett explained, NuBrakes boasts a 90 internet promoter score in an business exactly where he mentioned the ordinary is -13.
