Driving Change: Yoshi Mobility Diversifies with Series C Investment Boost
Yoshi Inc. (Yoshi Mobility), a tech-enabled mobile car care company, has marked a significant milestone with the closure of its $26 million Series C funding round. This round, which includes strategic investments from heavyweights like General Motors Ventures and Bridgestone Americas, as well as international backers Universal Motors Agencies and Shikra Limited, signals a new chapter of growth and innovation for the company.
Emerging from Y Combinator in 2016, Yoshi Mobility has rapidly garnered attention and investment, with previous support from notable names like ExxonMobil, DN Automotive, NBA star Kevin Durant, and NFL legend Joe Montana. With this latest infusion of capital, totaling over $60 million to date, Yoshi Mobility is poised to accelerate its expansion and solidify its position as a leader in the mobile car care industry.
In response to the shifting landscape catalyzed by the pandemic, Yoshi Mobility has experienced exponential revenue growth, driven by its fleet business and strategic partnerships with Fortune 100 companies. Building on this momentum, the Series C funding round enables Yoshi Mobility to diversify its offerings and venture into three new business lines: preventative maintenance, virtual vehicle inspections, and electric vehicle (EV) charging.
A key milestone in this diversification journey is Yoshi Mobility’s recent acquisition of Mobile Auto Concepts Inc. (MACi), a mobile automotive services company specializing in preventative maintenance, tire care, and more. Additionally, Yoshi Mobility is spearheading innovation in the EV charging space, leveraging its platform and technology stack to provide on-the-go charging, maintenance, and support for EV owners and enterprise customers.
With millions of vehicle services completed and a commitment to making car ownership seamless and efficient, Yoshi Mobility is driving towards a future where mobility is frictionless and customers are empowered to keep moving safely and sustainably. As the automotive landscape continues to evolve, Yoshi Mobility stands ready to meet the needs of a rapidly changing market and lead the charge towards a more connected and convenient automotive experience.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
