- January 28, 2019
- 3 minutes read
BMW, Porsche and Jaguar Land Rover Back Roadside Assistance Startup Urgently’s $21 Million Series B Round
Virginia based roadside assistance startup Urgently has raised $21 million Series B funding from several investors including Porsche Ventures, BMW…
Virginia based roadside assistance startup Urgently has raised $21 million Series B funding from several investors including Porsche Ventures, BMW i Ventures and Jaguar Land Rover’s VC fund InMotion Ventures.
Existing investors also participated in the round which Urgently says was oversubscribed. BMW has also selected Urgently for collaboration with the BMW Assist roadside assistance service as the vendor partner to offer roadside assistance services to owners of its vehicles in the U.S.
Urgently works similar to Uber and Lyft, with users able to request for nearby roadside assistance services and get charged within the app. It’s available in several cities spanning all 50 U.S. states and Washington, D.C and also Puerto Rico. The company boasts 55,000 service vehicles registered on its platform that provide services like fuel delivery, towing, jump start, flat tire replacement and car lockout solutions according to its website.
“We look forward to continuing to innovate our connected services across the rapidly evolving global automotive, insurance and mobility markets, where we have consistently driven increases in customer satisfaction over the legacy analog models that have defined the industry for the past 70 years.” Urgently CEO Chris Spanos said in a statement.
Urgently has now raised nearly $40 million in funding according to Crunchbase. Other investors in the company include rocketship.vc, Verizon Ventures, Forté Ventures, Blu Venture Investors and American Tire Distributors (ATD), the largest tire distributor in North America.