What is AutoMD?
AutoMD.com stands as a comprehensive and unbiased online automotive repair resource, designed to empower car owners. The platform provides users with comparative quotes from local repair shops, helps them find the right mechanic at the best price, and offers insights into expected repair costs. Additionally, AutoMD.com facilitates troubleshooting, answers auto repair questions through its community, and provides detailed how-to guides for DIYers. Its commitment to providing valuable automotive data and repair guidance has been recognized, including being named Best Automotive Website in the American Business Awards.
How much funding has AutoMD raised?
AutoMD has raised a total of $7M across 1 funding round:
Private Equity
$7M
Private Equity (2014): $7M with participation from US Auto Parts Network, Inc., Federal-Mogul Motorparts, and Cox Automotive, Inc.
Key Investors in AutoMD
US Auto Parts Network, Inc.
US Auto Parts Network, Inc., established in 1995, is a prominent online retailer of automotive aftermarket parts, focusing on collision, engine, and performance components.
Cox Automotive, Inc.
Cox Auto Service Centre is a family-operated mechanic in South Melbourne with over 40 years of experience, specializing in European car servicing and repairs, utilizing advanced diagnostic equipment.
Federal-Mogul Motorparts
Federal-Mogul Motorparts is a key player in the automotive aftermarket, providing a wide range of components and solutions for vehicle maintenance and repair.
What's next for AutoMD?
The substantial enterprise-level capital infusion positions AutoMD for accelerated growth and enhanced service offerings. This strategic investment is expected to fuel further development of its online platform, expand its reach to a broader audience of car owners and DIY enthusiasts, and potentially integrate new technologies to streamline the automotive repair process. The company is poised to solidify its market leadership by leveraging this financing to deepen its data specialization and strengthen its advocacy for the car owner.
See full AutoMD company page
