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England UK: Shell Ventures £4 million Investment On WhoCanFixMyCar.com

England UK: Shell Ventures £4 million Investment On WhoCanFixMyCar.com

Investors include Shell, Active Partners, Venrex Investment Management & Sir Trevor Chinn

WhoCanFixMyCar.com, the UK’s largest online car repair marketplace has been successful in acquiring £4 million from investors including Shell Ventures, Sir Trevor Chinn, Active Partners and Venrex Investment Management. Launched in 2011 by two former investment bankers, Al Preston and Ian Griffiths, WhoCanFixMyCar.com has since become the biggest online marketplace for drivers and garages in the UK.

WhoCanFixMyCar.com is the country’s leading local garage and mechanic comparison service that allows drivers to post jobs and receive quotes from local garages and mechanics. With 11,500 garages registered currently to the site, the platform has processed 1 million repair requests from UK drivers and receives roughly 60,000 new job requests from drivers every month.

According to the SMMT, the UK aftermarket industry generated a revenue of £21.6 billion in 2016. An increase in business was witnessed by Garages on WhoCanFixMyCar.com since joining the platform, with single site garages obtaining approximately 600 new customers per year through the platform and top regional groups obtaining 3,000-4,000 bookings per year.

Shell, a leading global energy company and the world’s number one global lubricants manufacturer, through its corporate venture capital arm, Shell Ventures, which supports both business and fund-led deals in areas of strategic interest for Shell, has invested in WhoCanFixMyCar.com. This investment is in the wake of the development of the Shell Helix Service Specialist Network, which is a fresh scheme enabling independent workshops on the WhoCanFixMyCar.com site to be officially associated with Shell.

Active Partners, Venrex Investment Management, Sir Trevor Chinn are other investors who have invested.

Al Preston, co-founder of WhoCanFixMyCar.com, said, “This is a really exciting time for the company. The whole team have worked extremely hard to bring the business to this point, where we can attract such interesting partners for our next stage of growth. The plan will be to keep scaling our activities and consolidate our position in the UK. We are also focusing on new products and solutions that will further benefit our garage network and provide car owners with a better, richer experience when it comes to car maintenance and repairs.”

“The aftermarket sector is changing rapidly as technology savvy customers seek products and services which are easier and more convenient to use,” said Huibert Vigeveno, Executive Vice President for Global Commercial, Shell. “Shell wants to be at the forefront of shaping those products and services. Digital and services partnerships such as this investment in WhoCanFixMyCar.com are very much part of our future growth strategy.” PWKD06082018

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