Revv Raises $20M to Revolutionize Auto Repair Industry with AI
Revv provides an AI-driven platform that condenses hours of diagnostic research into seconds.
Company Name: Revv
Location: New York City, NY
Industry: Automotive Repair Technology
Funding Details:
Revv raised $20M in funding led by Left Lane Capital, with participation from Soma Capital, 1984, and Agalé Ventures.
Purpose of Investment:
The funds will be used to expand operations and accelerate product development efforts.
Leadership:
- Adi Bathla, CEO: Driving Revv’s vision to transform the auto repair industry through innovative AI-powered solutions.
Product:
Revv provides an AI-driven platform that condenses hours of diagnostic research into seconds, using advanced large language models and data aggregation from over 60 sources. The platform delivers actionable repair packages for complex ADAS systems such as automatic braking, adaptive cruise control, and lane departure warnings.
Key features include:
- Hardware-agnostic integration with shop equipment and estimation software.
- Immediate access to diagnostic information for all team members.
- Self-learning capabilities via an embedded technician feedback loop.
Revv recently introduced auto-quoting and advanced documentation tools and has expanded into the mechanical repair space, securing strategic distribution agreements to grow its market presence.
About Company:
Revv has made remarkable strides in the automotive repair sector. In just 16 months, it has expanded to over 2,100 repair locations. Within 7 months, the company achieved seven figures in annual recurring revenue (ARR) and has consistently experienced double to triple-digit quarter-over-quarter growth.
By enhancing the repair process for complex ADAS systems and venturing into new market segments, Revv is poised to lead the transformation of the auto repair industry.
