Bridgestone invests in Yoshi Mobility to expand into virtual inspection, EV charging

Bridgestone invests in Yoshi Mobility to expand into virtual inspection, EV charging

Yoshi is also commercializing its mobile EV charging platform to address EV fleet charging challenges.

Yoshi Mobility recently closed its $26 million Series C funding round. The round includes strategic investors General Motors Ventures and Bridgestone Americas, as well as international investors Universal Motors Agencies and Shikra Limited. Launched out of Y Combinator in 2016, the company is also backed by ExxonMobil, DN Automotive, NBA All-Star Kevin Durant, and NFL legend Joe Montana. Yoshi Mobility has raised more than $60 million to date. In addition to scaling its core business, the company said Series C funding enables it to expand three new business lines: preventative maintenance, virtual vehicle inspections and electric vehicle (EV) charging.

The company said it has increased its revenue tenfold since the pandemic, driven by the growth of its fleet business and corporate partnerships with Fortune 100 companies offering service as an employee benefit through return-to-work programs.

Yoshi Mobility recently completed its first acquisition – Mobile Auto Concepts Inc. (MACi), a full-suite, mobile automotive services company that specializes in preventative maintenance, tire care and replacement, multipoint inspections, eco-friendly washes and more. Yoshi Mobility said its virtual inspection business is also growing at an exponential rate through partnerships with companies including Uber and Turo.

“Our virtual inspection business is on an exciting growth trajectory and has enormous potential,” Bryan Frist, CEO & co-founder of Yoshi Mobility, said. “This service accelerates the onboarding process for gig-economy drivers and small business owners, while also reducing their carbon footprint by removing their need to drive to a service center for a simple inspection.”

Yoshi Mobility said it is also commercializing its mobile EV charging platform to address current and future challenges related to charging EV fleets. This service offers on-the-go charging, maintenance and support.

You May Also Like

Goodturn Tire & Auto launches platform with 24 locations

Goodturn is a family of brands that provide automotive and tire repair and maintenance services, serving approximately 90k customers in 2023.

Co-founders David Manning and Seth Sands recently launched Goodturn Tire & Auto, an automotive services platform focused on tire repair and maintenance services, which the duo said is comprised of a network of brands. Manning and Sands add they've been building the automotive services platform for nearly three years, completing 14 acquisitions to grow Goodturn’s footprint to 24 locations representing 10 brands, collectively serving approximately 90k customers in 2023.

Bridgestone develops Potenza Sport tires for Maserati’s all-electric SUV

The Maserati Grecale Folgore was designed and produced in Italy, as were its bespoke Bridgestone Potenza Sport Enliten tires.

Maserati_Grecale_Folgore_Bridgestone
Hybrid vehicles are poised to gain market share, Cloud Theory finds

This expectation comes after the Biden Administration slashed EV adoption targets from 67% to 35% by 2032.

HEV-stock-image
EV tire satisfaction gap widens as wear rates increase, J.D. Power study finds

The J.D. Power study shows that EV owners have similar expectations of tire wear as owners of gas-powered vehicles do.

Kumho Tire U.S.A. launches two new EV tire options

The Majesty 9 Solus TA91 EV is ideally suited for drivers of EV coupes, sedans, and CUVs, while the Crugen HP71 EV is designed for CUVs and SUVs with an added level of all-weather performance.

Majesty-9-Solus-TA91-EV-Crugen-HP71-EV-Kumho-Tire-1400

Other Posts

Hunter’s new Hunter University is designed to train customers, techs and instructors

The online courses are generally presented in five-minute segments.

PR-Training-Hunter-University-1400
Apollo Tires US recalls certain Vredestein, Quatrac tires

Dealers will replace the tires free of charge.

Recall
Discount Tire, Major League Soccer (MLS) announce multiyear partnership

Discount Tire has also struck a partnership to be the official tire retailer of Inter Miami CF and is collaborating with Continental Tire.

Discount-Tire-MLS-sponsorship
Net Driven acquires CarCareConnect

With this acquisition, CarCareConnect customers will gain access to Net Driven’s suite of digital storefront and digital marketing solutions.

Handshake agreement