How Much Did Precision Auto Works Raise?
Funding & Key Investors

Precision Auto Works has secured $55K in total financing, with a recent capital infusion of $55K to fuel its substantial expansion. This latest round of investment underscores the company's strategic positioning within the burgeoning electric vehicle repair market.

What is Precision Auto Works?

Precision Auto Works
Consumer ServicesAutomotive Service & Collision RepairCar & Truck Rental

Precision Auto Works stands as New York City's sole factory-trained and certified body shop dedicated to Tesla, Lucid, and Rivian vehicles. Operating from multiple locations across Long Island City, Freeport, and Smithtown, the company provides specialized collision repairs, towing, and rental services tailored for electric vehicles. Their deep expertise in Tesla repairs and established relationships with major auto insurance providers highlight their commitment to high-quality service and customer satisfaction, backed by a comprehensive work guarantee.

How much funding has Precision Auto Works raised?

Precision Auto Works has raised a total of $55K across 1 funding round:

2021

Debt

$55K

Debt (2021): $55K with participation from PPP

What's next for Precision Auto Works?

With its recent substantial expansion capital, Precision Auto Works is poised for significant growth. The company's focus on high-demand EV brands and its comprehensive service offerings, including expert collision repair and maintenance, position it to capture a larger share of the rapidly evolving automotive aftermarket. This strategic financing is expected to enable further operational scaling, potentially expanding service capacity and geographic reach to meet increasing consumer demand for specialized EV care.

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Frequently Asked Questions Regarding Precision Auto Works Financial Insights

What are the most recent funding rounds that Precision Auto Works has completed, and what were the funding rounds?
Precision Auto Works has recently completed 1 funding rounds: Debt on Jan 22, 2021.
What is the total amount of funding Precision Auto Works has raised to date?
Precision Auto Works has raised a total of $55K in funding to date.
How many funding rounds has Precision Auto Works completed?
Precision Auto Works has completed 1 funding rounds.
How much funding did Precision Auto Works raise in its most recent funding round?
Precision Auto Works raised $55K in its most recent funding round.
Who are the lead investors in Precision Auto Works's latest funding round?
The lead investor in Precision Auto Works'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 Precision Auto Works's history?
The largest funding round in Precision Auto Works's history was $55K.
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