FundedIQ
Transportation

Autolab

Autolab is an online platform that connects car owners with repair shops, providing affordable and reliable repairs while also helping the shops grow. Its main goal is to address a fundamental problem for both car owners and repair shop owners. For shop owners, Autolab acts as a trustworthy channel for acquiring customers and offers useful tools for managing their shops efficiently. It also provides support in terms of customer service. On the other hand, for car and fleet owners, Autolab offers excellent consumer service, which is often hard to find in the automotive industry. This is made possible through the use of technology and a dedicated customer service team, all at affordable prices. Since its establishment in 2014 in Bogota, Colombia, Autolab has continuously learned and improved through constant iterations. Within just a year, it experienced a remarkable fourfold increase in shop visits and revenue, while expanding its network of repair shops by sevenfold across over ten cities in Colombia. This success led to a funding round of $6.5 million, led by Bullpen Capital, to support its expansion into Mexico. Currently operating in Mexico, Autolab is extending its successful business model to another country in the region. It has also established partnerships with prominent companies that require their car fleets to be in optimal condition, all while maintaining affordability.

autolab.com.co Bogotá, Colombia 101-250 employees
Total raised
$4.1M
Rounds
1
Latest
Series Unknown
Aug 2023

Autolab is an online platform that connects car owners with repair shops, providing affordable and reliable repairs while also helping the shops grow. Its main goal is to address a fundamental problem for both car owners and repair shop owners. For shop owners, Autolab acts as a trustworthy channel for acquiring customers and offers useful tools for managing their shops efficiently. It also provides support in terms of customer service. On the other hand, for car and fleet owners, Autolab offers excellent consumer service, which is often hard to find in the automotive industry. This is made possible through the use of technology and a dedicated customer service team, all at affordable prices. Since its establishment in 2014 in Bogota, Colombia, Autolab has continuously learned and improved through constant iterations. Within just a year, it experienced a remarkable fourfold increase in shop visits and revenue, while expanding its network of repair shops by sevenfold across over ten cities in Colombia. This success led to a funding round of $6.5 million, led by Bullpen Capital, to support its expansion into Mexico. Currently operating in Mexico, Autolab is extending its successful business model to another country in the region. It has also established partnerships with prominent companies that require their car fleets to be in optimal condition, all while maintaining affordability.

Autolab has raised $4.1M across 1 round. Its most recent round was a Series Unknown of $4.1M in Aug 2023. Full funding history, investors, and team are detailed below.

Funding history

1 round · 1 visible Unlock with plan

1 round on record.

Date
Round
Amount
Lead investor
Aug 8, 2023
Series Unknown
$4.1M

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