YourMechanic Raises $1.8M From Y Combinator, Milner, Kutcher, SV Angel, Others

YourMechanic said it raised $1.8 million in seed funding from investors including Y Combinator, Yuri Milner, Ashton Kutcher, SV Angel, CrunchFund and SoftTechVC. The Mountain View, Calif., company is developing a mobile car repair service.

PRESS RELEASE

YourMechanic Launches to Bring the Mechanic To You

Company Announces $1.8 Million in Seed Funding

(San Francisco, CA) Sept. 11, 2012 – YourMechanic, the car mechanic that comes to you, today unveiled its web and mobile apps, bringing high quality, affordable auto repair to the workplace and home. The Mountain View-based company also announced $1.8 million in seed funding from elite investors, including Y Combinator. The announcement was delivered on stage by CEO Art Agrawal, as part of his presentation for the TechCrunch Disrupt Startup Battlefield Competition.

“Car owners have suffered bad car repair experiences for too long. Auto repair is a $200 billion industry that lacks innovation and must improve, now. We are here to change the way people think about car repair forever. With YourMechanic everyone wins,” said Art Agrawal, CEO and Co-founder of YourMechanic.

Although significantly more convenient and transparent compared to traditional auto repair facilities, hiring a YourMechanic mobile technician is on average, 20-30% more economical, as the mechanic is not burdened by heavy infrastructural business costs.  An auto-industry first, YourMechanic.com offers customized repair information matched by instant, fixed pricing. With a fair quote delivered immediately, consumers can select and hire a mechanic based on a trustworthy review system, book appointments, and pay for car repair jobs. The entire experience is executed with unprecedented transparency, convenience, and savings to the consumer. Mobile auto repair is a time-tested practice. YourMechanic technology, more than a year in development, makes it efficient and easier for car owners and mechanics.

“80% of car repairs do not have to take place in an auto repair facility; they can be performed anywhere. Mechanics have been fixing cars at people’s houses and offices, around the world, for decades,” said YourMechanic Master Technician, Michael Renteria, who also presented at the TechCrunch conference.

With YourMechanic, automotive technicians, the unsung heroes of car repair industry, can finally earn a skill-appropriate wage. While mechanics typically take home only $20/hourly, repair shops and dealerships charge the consumer $90- $180/hourly. YourMechanic’s licensed, insured, and pre-screened technicians can now earn up to 3-4x more than they would working for a repair facility.

KEY TECHNOLOGY FEATURES
•    Pricing Engine offers instant, fixed quotes with full transparency (industry first)
◦    Utilizes half a billion data points of repair info, real-time parts availability, & labor time to create an immediate quote.
•    System integration with three major wholesale auto part suppliers in N. America.
•    Trusted repair reviews for YourMechanic network technicians.
•    Customized auto repair guidance, online job descriptions, appointment booking, maintenance records, payment processing, etc.
•    Mechanics deployed 7 days a week with mobile apps to order parts, track appointments, and process transactions, on-the-go.

COMMON AUTO REPAIRS
Scheduled maintenance (90k mile service, 150k mile service), brake jobs, tune ups, oil changes, alternators, Check Engine lights, cooling system problems, drivability diagnosis, door/window issues, batteries, starters, emissions failure, etc.

ABOUT US
YourMechanic is the car mechanic that comes to you – at work or home. Our technology platform offers an economical, transparent, and extremely convenient solution to car repair and maintenance needs. Founded by Art Agrawal (CEO) and Dongyi Liao (CTO), who endured years of nightmarish car repair experiences, YourMechanic’s mission is to make auto repair easy and affordable. The company is funded by Y Combinator, Yuri Milner, Ashton Kutcher, SV Angel, CrunchFund, SoftTechVC, and other distinguished investors. For more information, please visit: YourMechanic.com

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