How Much Did Automotive Magic Raise?
Funding & Key Investors

Automotive Magic has successfully secured a significant capital injection, bringing its total funding to $67K. This latest financing round, which accounts for $67K, marks a pivotal moment for the Kenvil-based service provider as it transitions into a more robust operational phase. By leveraging this substantial expansion capital, the firm is positioned to scale its service infrastructure and enhance its market presence within the competitive automotive maintenance sector.

What is Automotive Magic?

Automotive Magic
Consumer ServicesAutomotive Service & Collision Repair

Established in 2003, Automotive Magic operates as a comprehensive auto repair facility in Kenvil, New Jersey. The company has carved out a distinct market position by offering a full suite of services, ranging from routine vehicle maintenance and complex diagnostics to specialized brake repair and fleet management solutions. With a workforce comprised of certified technicians, the organization emphasizes technical precision and long-term reliability, underscored by a 3-year/36,000-mile warranty. Their business model is deeply integrated into the local community, providing tailored value propositions for families and AAA members, which has fostered high customer retention and a reputation for consistent service quality.

How much funding has Automotive Magic raised?

Automotive Magic has raised a total of $67K across 1 funding round:

2021

Debt

$67K

Debt (2021): $67K with participation from PPP

Key Investors in Automotive Magic

PPP

Public-Private Partnership

What's next for Automotive Magic?

With the infusion of this recent capital, Automotive Magic is expected to prioritize the modernization of its diagnostic equipment and the potential expansion of its fleet maintenance capabilities. As the company navigates this growth stage, the strategic focus will likely shift toward optimizing operational efficiency and increasing throughput to meet rising demand. By maintaining its commitment to high-standard repair protocols while scaling its service capacity, the firm is well-positioned to capture a larger share of the regional automotive market, ensuring long-term sustainability and continued relevance in an evolving transportation landscape.

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Frequently Asked Questions Regarding Automotive Magic Financial Insights

What are the most recent funding rounds that Automotive Magic has completed, and what were the funding rounds?
Automotive Magic has recently completed 1 funding rounds: Debt on Feb 2, 2021.
What is the total amount of funding Automotive Magic has raised to date?
Automotive Magic has raised a total of $67K in funding to date.
How many funding rounds has Automotive Magic completed?
Automotive Magic has completed 1 funding rounds.
How much funding did Automotive Magic raise in its most recent funding round?
Automotive Magic raised $67K in its most recent funding round.
Who are the lead investors in Automotive Magic's latest funding round?
The lead investor in Automotive Magic's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Automotive Magic's history?
The largest funding round in Automotive Magic's history was $67K.
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