Truemag

  • Newsletters
  • Thought Leadership
  • Mobility
  • Safety
  • Work Trucks
  • Videos
  • Podcasts
  • Home
  • Subscribe
  • Contact Us
  • Media Kit
  • Who We Are

Wrench Announces $20M Series C Funding Round

Wrench, the mobile vehicle maintenance and repair solution that brings dealer-quality service directly to consumers and fleet customers across the U.S., just announced a $20 million Series C funding round led by Vulcan Capital, with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corporation.

The funding will accelerate Wrench’s growth, allowing the company to further spread its service-area footprint to untapped markets. Wrench also has plans to hire new executive-level employees, expand mechanic service offerings and add additional mechanics in key target markets.

“Busy consumers need a simple scheduling and vehicle diagnosis system to deliver repair and maintenance services without the hassle of the waiting room,” said Ed Petersen, CEO of Wrench. “With full-time, trusted mechanics and world-class operations supporting both vehicle owners and the staff that serves them, Wrench has provided convenience, competitive pricing and unmatched quality repairs to over 100,000 vehicles. As Wrench continues to grow and expand both our service offerings and footprint, we look to bring our convenient solution to many more consumers and commercial fleets across the country.”

Wrench allows users to schedule vehicle maintenance and repair service with full-time, ASE-certified mechanics who travel directly to the customer’s destination of choice. Wrench mechanics make the experience hassle-free, servicing cars and trucks of varying makes and models with unparalleled quality of service. Every Wrench repair or service includes a one-year, 12,000-mile warranty and an extensive vehicle inspection with a report delivered to the customer.

On average, using Wrench saves vehicle owners upwards of three hours of travel and service time, reducing the stress of vehicle maintenance and repair. Wrench also saves users as much as 30 percent on vehicle maintenance and repairs when compared to traditional dealer service departments.

“Consumers are embracing on-demand services that make their lives better. Wrench’s technology-enabled mobile mechanic service saves customers time and money – resulting in high customer satisfaction and lifetime value,” said Stuart Nagae, Director of Venture Capital at Vulcan Capital. “With more than 270 million vehicles in the United States, the opportunity is enormous.”

The funding comes on the heels of Wrench’s acquisition of Canada-based mobile automotive mechanic startup Fiix. Fiix provided mechanic services to more than 80,000 customers within their North American network. The acquisition will allow Wrench to unlock new customers across the United States, as well as strengthen Wrench’s growing fleet services business.

For more information on Wrench, visit www.wrench.com.

Nov 10, 2019admin
Artificial Intelligence Can Read License Plates And Assist PoliceWheels Hosts 7th Annual Results+ Fleet Performance Summit
Recent Posts
  • Drivers Want Safe Automation and Driver Monitoring, Survey Shows
  • EV Fleet Management Startup Synop Steers its Way to $10M Seed Round
  • Here’s How Much Precious Metal Thieves Can Take From Your Catalytic Converter
  • What is Vehicle-to-Everything (V2X) Technology and How Does It Work?
  • NAFA Still Basking in Afterglow of Successful I & E
  • CarVantedge: Changing the Remarketing Process So Everyone Wins!
  • New Car IQ and EverWash Partnership Introduces An Automated Payment Car Wash Solution for Fleets
  • City of Tampa Mayor Honors Fleet Team
  • Send Your Fleet Drivers to a Core-Concept Open Enrollment Safety Training Class for Proven Results
  • The 10 Cars Catalytic Converter Thieves Target Most
ASSOCIATION NEWS
NAFA Still Basking in Afterglow of Successful I & E
Registration Now Open for NETS Hybrid Conference Event ~ October 5-6, 2022
NAFA Leadership Experience ’22: Expanding Influence, Energizing Innovation
NAFA and ESG Integrity Announce Partnership
Congratulations, Recent CAFM Graduates!
5 Key Takeaways from the 2022 NAFA I&E
Congratulations to the 100 Best Fleets of 2022!
TECHNOLOGY
Drivers Want Safe Automation and Driver Monitoring, Survey Shows
Intersection Assistance Tech Shows Big Promise for Older Drivers
As Software-Defined Vehicles Rise, Big Brother Isn’t the Only One Watching
EV Prices See Big Jump in Recent Days
LeasePlan CIO Explains How AI Will Drive the Future of Fleet Management
NHTSA Releases Initial ADAS Crash Data
Solera’s SmartDrive Protect: A Video Safety Solution
CONFERENCES & WEBINARS
NAFA Still Basking in Afterglow of Successful I & E
Registration Now Open for NETS Hybrid Conference Event ~ October 5-6, 2022
NAFA Leadership Experience ’22: Expanding Influence, Energizing Innovation
Forward Together: AFLA 2022 Corporate Fleet Conference
5 Key Takeaways from the 2022 NAFA I&E
Congratulations to the 100 Best Fleets of 2022!
RTA Helps Fleets Succeed Through Innovative Software,  and Hosts Leading Business and Fleet Experts for the Upcoming ‘Fleet Success Summit’
INDUSTRY ANNOUNCEMENTS
NETS and eDriving Offer Driver Safety & Privacy Webinar
Athene, Lead Investor of Wheels Donlen, to Acquire LeasePlan USA
Holman Invests in AmpUp for EV Management Software
NAFA Leadership Experience ’22: Expanding Influence, Energizing Innovation
Forward Together: AFLA 2022 Corporate Fleet Conference
Congratulations, Recent CAFM Graduates!
Holman and Electrada Team to Simplify Fleets’ Transition to EVs

Fleet Management Weekly Newsletter Archive
Access to back issues of the FMW newsletter.

FMW Mobility
How mobility is rapidly changing the fleet management landscape.

Newsletter

Subscribe

FMW Fleet Videos
Video clips of industry leaders speaking on a variety of engaging hot topics in fleet.

2014-2020 © Fleet Management Weekly