The funds are to enhance the Yoshi geographic expansion
Providing the first subscription service for on-site car maintenance and fuel delivery, Yoshi, has declared that it has closed $13.7 million in Series A funding. The company currently serves five metro areas. With plans to develop to an additional 25 in the coming year, Yoshi will use the funds to accelerate its geographic expansion. With Y Combinator, Kevin Durant & Rich Kleiman (The Durant Company), Arab Angel and others also participating, General Motors Ventures and ExxonMobil have led Yoshi’s Series A round of funding.
Removing the need to stop for fuel as well as track and schedule routine maintenance needs, Yoshi delivers fuel, car washes, and numerous other car maintenance services directly to customers’ cars while they are parked. Yoshi is rated the #1 office perk at the majority of offices where it is offered, and has partnered with many employers to bring Yoshi’s service to employees while their car is parked at work.
Yoshi CEO Nick Alexander, said “We believe Yoshi has a big opportunity to be part of the transformation underway in the automotive industry relating to how vehicles get fueled and serviced, which can more than double a vehicle’s cost over its lifetime. We could not have a better syndicate of investors supporting us, including the leading U.S. automaker and fuel company.”
“We’re constantly evaluating solutions to provide our customers with services that simplify their lives,” said Jon Lauckner, General Motors chief technology officer, vice president of R&D and president of GM Ventures. “Investing in Yoshi’s fuel delivery service allows us to pilot an innovative, premium experience for our customers, while integrating with the latest connected vehicle technology already onboard Chevrolet, Buick, GMC and Cadillac vehicles.”
“The on-demand economy is changing nearly every aspect of our everyday lives, including consumer expectations about the way fuels and lubricants are purchased, delivered, and used,” said Adam Wariner, Fuels and Lubricants Innovation Manager. “We believe the simplicity and convenience of this direct-tovehicle care service will attract new customers to Exxon and Mobil branded products.”
Yoshi’s Alexander added, “In the future, when you buy a new car, you’ll be buying a self-fueling, self servicing car. Yoshi’s service will come built right in.” Yoshi has been working with multiple partners to impeccably integrate the service into newer, connected vehicles, while customers currently sign up for and access the Yoshi service through their smartphone. PWKD13022018