Auto care giant Bridgestone invests in Seattle mobile car repair startup Wrench

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Wrench CEO Ed Peterson. (wrench photo)

In just four years, Mobile Car Service Wrench has grown from a startup in Seattle with 30 employees to a multi-service operation in dozens of cities. It is now partnering with tire and maintenance giant Bridgestone, which led a new investment round in the company. Wrench declined to say how much he raised.

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The new partnership will connect Wrench’s mobile services platform with more than 2,200 automotive service stores across Bridgestone Americas, a US subsidiary of Bridgestone.

Wrench employs “mobile mechanics” in 40 metro areas across the country who come to the customer to do repair work without visiting a shop or dealership through a booking on an app. In addition, the wrench provides access to roadside towing, vehicle details, tire installation and inspection of used cars prior to purchase.

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The wrench has about 285 employees, about half of them mechanics, and more than 5,000 inspectors on its platform.

Over the years, Wrench has acquired a number of businesses that built up its offerings or pulled in rivals.

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Last year Wrench acquired automotive inspection company Lemon Squad, boosting its car inspection arm, and forged a partnership with TiresScanner, an online tire retailer and mobile tire installation service. Wrench has also acquired rivals Toronto-based Fix and Chicago-based Octobots.

The new partnership will enable Bridgestone’s stores to provide wrench-powered mobile vehicle service appointments. According to a statement from Bridgestone, the companies will detail their integration plans later this year.

“Our partnership with Bridgestone will help accelerate the digital transformation of the industry. This allows both companies to expand our customer offerings, while simultaneously enhancing our technologies and vehicle care expertise,” said Wrench CEO Ed Peterson said in a statement.

Wrench’s revenue for its fleet vehicle service grew rapidly during the pandemic, up 300% year-over-year in 2020, driven by higher demand among delivery vehicles.

Wrench had earlier raised $20 million in June. Madrona Venture Group, Tenaya Capital, Vulcan Capital, Alumni Venture Group and Arnold Venture Group also participated in the latest round, according to a Wrench spokesperson.

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