Ex-GM CEO Wagoner invests in Silicon Valley car service startup

Wagoner: “I believe the team at YourMechanic has a compelling technology platform and vision.”

Former General Motors CEO Rick Wagoner has invested in and will advise YourMechanic, a Silicon Valley startup that offers mobile vehicle service and repairs.

The company, which connects owners with a network of mechanics who come to them, announced Wagoner’s involvement Tuesday in conjunction with closing $10.2 million in Series B1 funding that included the former GM executive.

“All aspects of auto industry are undergoing incredible transformation, including service.” Wagoner, who led the Detroit automaker from June 2000 through March 2009, said in a statement. “Mobility is going to be a part of that transformation, and I believe the team at YourMechanic has a compelling technology platform and vision.”

YourMechanic says it has 1.3 million vehicles on its service platform, across more than 5,000 cities in the U.S. and Canada. It offers more than 800 repair, maintenance and diagnostic services, including oil changes and replacements of brake pads, starters and other parts.

The company, founded in 2012, plans to use its latest funding to expand services, including international operations, according to a release. It also plans to use the funds “to build out additional services for rental, rideshare, corporate, and government fleet managers.”

The private company declined to disclose how much Wagoner invested. Other notable investors, according to YourMechanic, include tech investment firm SoftBank Capital, Verizon Communications Inc.’s venture capital arm and actor Ashton Kutcher.

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