Mobile repair startup NuBrakes has raised $9 million.
The series A round was led by Canvas Ventures, with participation from existing investors Atlanta-based Automotive Ventures, Contrary Capital and Bling Capital.
NuBrakes, which has dual headquarters in Atlanta and Austin, has about $12 million in total investments. It offers same-day repair services to customers and fleet operators. It operates in four states and has a network of full-time technicians who service the repairs.
NuBrakes opened in Atlanta last fall, putting its office in Roam's Buckhead coworking space. NuBrakes services launched there at the beginning of this year.
It chose Atlanta for its second headquarters because of consumer demand. Atlanta has the second-highest average commute time and has the seventh-most commuting vehicles out of the top 50 largest U.S. cities, according to the U.S. Census Bureau.
Those stats show the need for NuBrakes’ repair platform, CEO Walker Drewett said. Atlanta has become “one of our fastest-growing markets,” Drewett said.
NuBrakes is building a “connected vehicle service platform,” Drewett said, meaning the company can read real-time data about the vehicle to predict when maintenance is needed.
Its technology is geared toward fleet customers and is “agnostic” about the future of automobiles, Drewett said. Basically, it can integrate with electric or autonomous vehicles, he said.
NuBrakes' plans to expand throughout the Southeast. Earlier this year, the startup brought operations to Nashville and Chattanooga, Tennessee. Next, it's launching services in Knoxville, Tennessee, and Tampa Bay, Florida.
It has 120 employees, which includes its full-time technicians.
