Fixter, the UK-based online car maintenance service provider, is seeking additional investors to fund further growth as it looks to more than double its revenues every year over the next five years.
The digitally-led online car service, which offers a contactless collection and drop-off service, saw its net revenues up 200 per cent year-on-year.
According to the AXA-backed company, the UK automotive service, maintenance and repair market is worth £13billion per year. It says organising the maintenance of your car should be as easy as ordering a takeaway from your favourite restaurant.
Fixter’s tech-led approach allows car owners to book MOTs, servicing and repairs, as well as get an instant quote, using a laptop or smartphone. During the pandemic, it has also offered a door-to-door contact-free service, with 30-minute time slots for delivery and collection and live text updates.
Limvirak Chea, founder and CEO of Fixter, said: “The pandemic has changed the way in which people rely on their cars as a Covid-secure safe space. As a result, we have seen a huge increase in demand for our service.
“At Fixter, our contact-free, door-to-door service enables car owners to not just keep their car in good working order, but crucially, to protect themselves and those they care about by not making unnecessary journeys. The fact that we can also save people time, money and worry in these uncertain times is what is driving us forwards on our mission to keep Britain moving.”
Fixter launched in Manchester in 2017 and now has 500 independent garages in its UK network. It is hoping for additional investors to fund its continued growth, including expansion into Europe, as it looks to double its revenues every year over the next five years.