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NuBrakes Announces $9 Million Series A Led By Canvas Ventures, Brings Automation To Mobile Auto Services
**Dec 1, 2021, Austin, Texas –** NuBrakes, a leading platform offering mobile auto maintenance solutions for both consumers and fleet operators, is thrilled to announce a $9 million Series A funding round led by Canvas Ventures. This round also includes contributions from existing investors such as Contrary Capital, Bling Capital, and Automotive Ventures. Mike Ghaffary, a seasoned investor from Canvas Ventures and former CEO of Eat24, as well as Ben Ling, a partner at Bling Capital and early backer of successful ventures like Lyft and Instacart, will both join NuBrakes' board. With this latest funding, NuBrakes has raised a total of $12 million and stands as one of the fastest-growing auto technology companies in the U.S., boasting triple-digit growth rates and eight-figure annual revenue.
Previously, car maintenance was a costly and time-consuming ordeal at dealerships or repair shops. NuBrakes transforms this experience by bringing convenient, on-site maintenance directly to customers. Offering services up to 30% cheaper than traditional auto shops, NuBrakes emphasizes transparency and holds a remarkable 90 Net Promoter Score in an industry where the average score is -13, reflecting widespread consumer distrust. NuBrakes is committed to revitalizing middle-class jobs by providing technicians with stable work schedules, competitive W-2 salaries, stock options, and comprehensive benefits.
Currently operating in nine markets across Texas, Georgia, Florida, and Tennessee, NuBrakes has recently extended its reach to cater to fleet operators and field service organizations. Leveraging its Series A funding, NuBrakes aims to nearly double its workforce, expand nationwide, and introduce additional mobile services such as oil changes, tire replacements, tune-ups, suspension work, and more. In an industry-first move, NuBrakes will roll out a predictive telematics platform that shifts auto service from a reactive process to an automated, customer-friendly system, ensuring seamless end-to-end servicing by its trusted, full-time technicians.
Walker Drewett, NuBrakes' founder and CEO, expressed his vision: "Consumers and businesses spend billions annually on auto maintenance and repair. We aim to create a future where taking your car to the shop is a thing of the past, where vehicles predict their own needs, and top-tier service providers handle everything seamlessly."
Building upon its strong foundation of mobile services for individual drivers, NuBrakes now serves as a complete solution for fleet operators. For professions reliant on vehicles like plumbers, delivery drivers, and field service workers, NuBrakes integrates with on-board telematics to provide proactive maintenance, boosting uptime and operational efficiency. The company's Fleet Maintenance as a Service platform streamlines maintenance management, centralizing scheduling, inspections, communications, and payments.
Mike Ghaffary from Canvas Ventures highlighted his excitement: "What excites me most is working with NuBrakes, which is actively enhancing middle-class job stability—a core focus for us at Canvas Ventures. Unlike others promising stock options, NuBrakes has delivered—they’ve given their technicians stock options, along with apprenticeship programs and ongoing training opportunities to help them grow and succeed."
**About NuBrakes**
Based in Austin, Texas, NuBrakes is a full-service mobile auto repair and technician platform offering dependable, swift, and cost-efficient on-site services. Through its app, NuBrakes provides same-day maintenance for customers and fleet operators alike. The company employs skilled technicians as full-time W-2 employees, offering them steady work schedules, health benefits, and stock options. NuBrakes has revitalized middle-class employment across nine markets in four states and has raised a total of $12 million from prominent investors like Canvas Ventures, Bling Capital, and Automotive Ventures.
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