BMW i Ventures has announced a strategic investment in Caroobi, the leading European online repair shop for cars. Caroobi’s mission is to simplify and improve the automotive aftersales customer experience.
Caroobi works with over 400 certified auto repair shops across Germany, Switzerland and Austria. With just a few clicks, car owners can book car repairs at a transparent, fixed price. Caroobi’s customers enjoy the comfort of not having to take their car to a auto repair shop for a first inspection. Instead Caroobi offers a remote diagnosis for the car repair via their online platform. The customers then choose if they want to deliver their car to the repair shop themselves or enjoy the convenience of having the car picked up and delivered via a Caroobi partner shop.
The series A financing round was led by BMW i Ventures with participation of DN Capital and Cherry Ventures who both have been existing investors of Caroobi. The funds will be used to improve the service offered to car owners and to further develop the software for Caroobi’s partner garages.
“We are extremely proud to have BMW i Ventures join our mission to simplify and improve the automotive aftersales space. Together we are looking forward to bring the best service to our customers and our mechanics.” says Nico Weiler, Founder of Caroobi.
“Caroobi has both the product and the team needed to shape the future development of the independent after sales market. We are looking forward to working with the Caroobi team and supporting the company in their further growth phase.” says Christian Noske, Partner at BMW i Ventures.
Mountain View-based BMW i Ventures, a corporate venture capital team founded by BMW Group in 2011, provides equity financing to high-potential start-ups and high-growth companies dedicated to shape the future of global mobility.
Through its previous investments in the fields of e-mobility, navigation, parking, car sharing and intermodality, BMW i Ventures has already entered into strategic partnerships with innovative providers such as Scoop, Zirx, RiceCell, Chargepoint, Life360, Moovit, JustPark, Chargemaster, Zendrive, Rever Moto, STRIVR, Desktop Metal, BUS.com, Proterra and Xometry.