Seattle-based auto startup Wrench, a company based in Seattle, is looking to compete with the traditional auto-care industry with its fleet of on-demand mobile mechanics. It is apparent that the traditional auto industry is interested in joining.
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mobile mechanic Washington DC Wrench announced on Wednesday that Bridgestone Americas made a 10 percent minority investment in the company. The value of the stake in Bridgestone Americas was not made public by the companies. Wrench earlier raised money through 20 million Series C round in the month of November 2022.
Bridgestone, an Japanese tire company dating back to 90 years ago and has gained a greater U.S. presence since it bought Firestone in 1988. Bridgestone is most well-known for its tires but it also produces other parts and sells bicycles. It also sponsors sports occasions. Bridgestone has over 2,200 service centers owned by the company.
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Bridgestone mobile mechanic Tucson Arizona Bridgestone plans to use these services in conjunction to increase its capabilities in the auto-service sector. Wrench provides auto maintenance on site service, roadside assistance and detailing of the vehicle, towing and used vehicle inspection.
The two companies will start offering partnership programs for their customers later in the year. This includes the possibility to receive a Wrench reward for referrals from Bridgestone retail outlets, and also making use of Wrench to make appointments at Firestone Complete Auto Care stores.
“With the growth of e-commerce and on-demand services, the consumer’s expectations for car maintenance and car care are evolving,” Brian Goldstine, vice president of mobility solutions at Bridgestone Americas, said in a statement. “Wrench along with our corporate-owned retail stores as well as affiliated dealers, will provide an unparalleled service platform that offers consumers trusted automotive service with added convenience and flexibility.” mobile mechanic Wilmington North Carolina for consumers
Bridgestone Tire Company invests in Mobile Mechanic Startup
Ed Petersen, Wrench CEO explained that Wrench provides a technologically-advanced solution that combines convenience with an entire suite of car maintenance and repair services. Our collaboration with Bridgestone will accelerate the digital revolution in the field. Both companies will be able to expand our customer offerings as well as expand our technology and knowledge of vehicle care.”