El Segundo-based automotive technology company RepairSmith has raised $42 million in Series B funding for its on-site repair and maintenance platform.
 
Investors in the round include TI Capital, Mercedes-Benz, Porsche Ventures and Spring Mountain Capital. RepairSmith appointed Ziad Ghandour, founder of TI Capital and John Steffens, founder of Spring Mountain Capital, to its board of directors following the raise.
 
The company said it will use the funding to expand its service to more markets.
 
“The independent automotive repair market has not changed in 50 years, and is ripe for massive disruption,” Joel Milne, RepairSmith co-founder and chief executive, said in a statement.
 
Founded in 2018 as a part of the Mercedes-Benz incubator, RepairSmith offers mobile repair and maintenance to car owners using online booking and instant price quotes. Along with serving car owners, the company delivers repair and scheduled maintenance on-location to fleet operators, car rental agencies and dealership customers.
 
Rather than using contractors, RepairSmith has a team of employee technicians who undergo background checks, certification verification and customer service training. The company’s services are backed by a 12-month, 12,000-mile warranty.
 
The company debuted its service to the public in August 2019. Now RepairSmith’s services are available in 650 cities across  Arizona, California, Georgia, Nevada, Oregon and Texas. The company has more than 100,000 service appointments completed to date.
 
“We believe there is a team that is bringing mobile service and repair into the digital age, using a robust technology platform backed by world-renowned automotive partners,” Ghandour said in a statement. “RepairSmith is ideally positioned to transform the marketplace.”