Yoshi Mobility, a Nashville, Tenn.-based tech-enabled mobile car care company, closed a $26m Series C funding round.
Backers included General Motors Ventures and Bridgestone Americas, as well as international investors Universal Motors Agencies and Shikra Limited.
The company intends to use the funds to scale its core business, and to expand three new business lines: preventative maintenance, virtual vehicle inspections, and electric vehicle (EV) charging.
Led by Bryan Frist, CEO, Yoshi Mobility is a customer-centric last-mile delivery platform that is focused on car care services. The company provides gas delivery and car care services to wherever its customers are parked and has fully integrated with a number of connected car platforms, including General Motors’ OnStar program. Yoshi Mobility recently completed its first acquisition – Mobile Auto Concepts Inc. (MACi), a full-suite, mobile automotive services company that specializes in preventative maintenance, tire care and replacement, multipoint inspections, eco-friendly washes, and more.
The company is also commercializing its mobile EV charging platform to address current and future challenges related to charging EV fleets, offering on-the-go charging, maintenance, and support.
Launched out of Y Combinator in 2016, the company is also backed by ExxonMobil, DN Automotive, NBA All-Star Kevin Durant, and NFL legend Joe Montana. Yoshi Mobility has raised more than $60m to date.
FinSMEs
10/04/2024