Wrench is swooping up a rival company as it plans to expand nationwide.
The Seattle car repair startup today announced the acquisition of Otobots, a Chicago-based company that also operated a marketplace matching mechanics with those needing their vehicle fixed.
Terms of the deal were not disclosed. Most of Otobots’ 26 employees will join Wrench, which now employs 125 people. The Otobots brand will transition to Wrench in the coming months.
Founded in 2016, Wrench now operates its service in eight states and major cities including Seattle, Phoenix, Dallas, Austin, Portland, Las Vegas, Los Angeles, San Francisco, and Denver. There are approximately 50,000 vehicles on the Wrench platform with 70 mechanics/technicians across all markets, said Ed Peterson, CEO and co-founder of Wrench.
Using the Wrench website or smartphone app, customers can input work they need done on their vehicle and when and where they would like mechanics to go. Anything from an office parking lot to a downtown parking garage to a customer’s driveway is fair game.
Wrench says it can save customers as much as 30 percent compared to dealer service repair shops. It estimates the U.S. car repair market to be $70 billion.
Wrench competitors include Your Mechanic and Fiix. Last year, Wrench raised a $4 million Series A round. Total funding to date is $5.3 million.
Peterson co-founded Wrench with Doug Stevens and Casey Willis. He and some of his current colleagues founded and sold Intelius, a public record search company, and TalentWise, which does background checks and other screening services.