In a significant boost to the autotech sector, ServiceUp, a cutting-edge platform designed to automate and streamline the vehicle repair process, has successfully raised $55 million in a Series B funding round. The investment, led by PeakSpan Capital, marks a pivotal moment for the startup as it aims to transform how fleets and insurers manage repairs.
ServiceUp's innovative technology addresses long-standing inefficiencies in the automotive repair industry. By leveraging automation, the platform simplifies workflows, reduces downtime, and enhances transparency for all stakeholders. This latest funding round, announced on July 9, 2025, brings the company's total funding to nearly $70 million, showcasing strong investor confidence in its vision.
The round also saw participation from existing investors such as Hearst Ventures and Trestle Partners, alongside others. This collective backing underscores the growing demand for digital solutions in the transportation and automotive sectors, where operational efficiency is paramount.
ServiceUp plans to utilize the capital to expand its reach, enhance its platform's capabilities, and further penetrate the market of fleet operators and insurance providers. The company’s mission to digitize and optimize vehicle maintenance aligns with broader industry trends toward automation and data-driven decision-making.
As the autotech landscape continues to evolve, ServiceUp stands out as a leader in addressing critical pain points in vehicle repair management. The startup's growth trajectory suggests it could play a defining role in shaping the future of automotive services.
Investors and industry watchers alike are eager to see how ServiceUp will deploy this substantial funding to drive innovation and capture a larger share of the market. With this financial boost, the company is well-positioned to accelerate its mission of revolutionizing the repair process.
Andrew Lee
