US-based on-demand vehicle maintenance provider Yoshi has raised $23m in a series B round led by carmaker General Motors (GM) and backed by undisclosed others, CNBC reported yesterday.
Yoshi operates an app-based subscription service that refuels users’ cars wherever they are parked while also providing maintenance checks and managing services such as oil changes or car washes.
The round came after GM began offering Yoshi as a service to employees in its home state of Michigan, and the cash will be channelled into increasing headcount as the company targets geographic expansion.
GM and petroleum provider ExxonMobil co-led Yoshi’s $13.7m series A round in 2018, investing alongside Y Combinator Continuity, Arab Angel and Durant Company. It followed approximately $2.1m in seed funding from Y Combinator, ZhenFund, Liquid 2 Ventures and Ali Rowghani.
