BizzyCar, a technology company that seeks to increase dealership service revenue by automating recalls, has closed on a $15-million growth funding round. Dealer Tire led the oversubscribed round, with participation from existing investors.
According to BizzyCar, the investment will be used to accelerate its growth and to scale its artificial-intelligence-driven platform to meet increasing demand from dealerships in the United States and Canada. It comes at a time when BizzyCar has expanded its team to 80 members and plans to grow to 120 employees by the end of the year.
“This capital will enable us to accelerate our efforts in building the next generation of automated service platforms, reaching more dealers and driving innovation across the auto industry,” stated Ryan Maher, CEO of BizzyCar. “Dealer Tire stood out as the perfect strategic partner, not only because we share the same customer base and stakeholders, but also due to their vast network of nearly 9,000 dealership customers and over 20 OEM relationships.
“Their ability to help us scale aligns perfectly with our vision. And, together, we’re positioned to deliver even more value to dealerships nationwide.”
Dealer Tire came out of a family business that was founded in 1999 by the then owners of the former Mueller Tire & Brake, a Cleveland-based service chain. Dealer Tire’s core business manages replacement tire and parts programs for more than 20 automotive OEMs in the United States and China. It has 40 distribution centers across the United States.
“We have been watching the acceleration of BizzyCar in the recall space with interest,” said Scott Mueller, CEO of Dealer Tire. “We understand the significance of a solution that improves safety for drivers and efficiency for dealer owners.”
BizzyCar’s core product is an automated service platform that uses proprietary recall data to drive customers into franchise dealers for recall service. The platform integrates directly into OEM systems. A recent addition to its platform is Recall Scout, which identifies recalls for customers that already have unrelated service appointments booked.
Additionally, BizzyCar is investing in mobile service technology to offer dealers better ways to integrate mobile service into their processes.
