UK’s largest online cars and truck repair marketplace protects ₤ 4m investment

The UK’s largest online car repair work market has actually protected ₤ 4 million from financiers including Shell Ventures, Sir Trevor Chinn, Active Partners and Venrex Financial Investment Management. The market presently has 11,500 garages signed up to the website, has actually processed over 1 million repair work demands from UK drivers and receives 60,000 brand-new task demands each month from drivers.The UK’s largest online vehicle repair workmarketplace has actually secured ₤ 4 million from investors consisting of Shell Ventures, Sir Trevor Chinn, Active Partners and Venrex Investment was introduced in 2011 by two former investment bankers, Al Preston and Ian Griffiths, and has actuallymechanics. The platform currently has 11,500 garages signed up to the website, has actually processed 1 million repair demands from UK drivers and receives circa 60,000 new task demands from chauffeurs every month.The UK aftermarket market created a revenue of ₤ 21.6 billion in 2016 according to the SMMT *. Garages on have actually seen an increase in company since joining the platform, with single website garages getting circa 600 new clients each year through the platform and top local groups protecting 3,000-4,000 bookings per year.Shell, a leading global energy company and the world’s primary international lubes producer, has actually bought by means of its business endeavor capital arm, Shell Ventures, which supports both business and fund-led offers in areas of strategic interest for Shell

. This financial investment follows the advancement of the Shell Helix Service Expert Network, a recently launched scheme which allows independent workshops on the site to be officially related to Shell.Other investors include Active Partners, which has stakes in family names such as Evans Cycles, Rapha, Leon and Soho Home. Venrex Investment Management is another stakeholder and has actually formerly invested in Simply Eat, Not on the High Street and Revolut. Sir Trevor Chinn, who is the chairman of and has actually formerly chaired other vehicle business, such as the AA, Kwik Fit and RAC, has also invested.Al Preston, co-founder of, said:” This is an actually exciting time for the company. The whole team have actually worked very difficult to bring business to this point, where we can draw in such interesting partners for our next phase of development.”The strategy will be to keep scaling our activities and consolidate our position in the UK. We are also concentrating on brand-new products and services that will even more benefit our garage network and offer cars and truck owners with a much better, richer experience when it comes to automobile repair and maintenance. “Discussing the statement, Huibert Vigeveno, Executive Vice President for Global Commercial, Shell, said, “The aftermarket sector is altering quickly as innovation smart customers seek

product or services which are much easier and easier to utilize. Shell wishes to be at the leading edge of forming those product or services. Digital and services partnerships such as this financial investment in are quite part of our future growth method.”*

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