As the complexity of modern vehicles escalates, the auto repair industry faces a critical challenge: adapting to the sophisticated needs of Advanced Driver Assistance Systems (ADAS), which are now standard in 92% of new vehicles. Addressing this head-on, Revv is thrilled to announce it has secured over $20 million in funding. The round, led by Left Lane Capital, with continued participation from Soma Capital, 1984, and Agalé Ventures, underscores the industry's confidence in Revv's potential to transform auto repair services.
Revv was born in an auto repair shop, where founder Adi Bathla, an early Product Leader at Misfits Market, observed the difficulties technicians faced with increasingly software-dependent vehicles. Together with Rashmi Sinha, an engineer with a shared passion for modernizing offline industries, they developed a platform that not only tackled the technical demands, but also captured the invaluable, intricate OEM data sitting in the brains of the most experienced technicians. This foundation enabled their initial product to rapidly gain traction, servicing over 30 auto repair shops prior to taking on any funding.
Revv's platform leverages advanced large language models to condense hours of diagnostic research into seconds, aggregating data from over 60 sources to provide clear, actionable repair packages for complex ADAS systems like automatic braking, adaptive cruise control, and lane departure warnings. The hardware-agnostic system integrates seamlessly with all shop equipment and the full estimation software suite, ensuring immediate access to essential diagnostic information for all team members. Additionally, the embedded feedback loop from technicians enables continuous self-learning and improvement.
In just 16 months, Revv has expanded to 2,100+ repair locations and, in under 7 months, surpassed seven figures in ARR, with continued double to triple-digit quarter-over-quarter growth since. The platform's ability to identify ADAS repair opportunities at the beginning of repair workflows has been pivotal to this growth, enabling shops to capitalize on these opportunities and significantly boost revenue for vehicles already on site. Shops of all specializations and sizes, including body, collision, paint, dent & repair (PD&R), and calibration & mechanical, report dramatic results. For example, one early adopter expanded from one location to 37 shops in four months, while another increased revenue by 75% in nine months by making ADAS repairs a core part of their business model with the platform's support.
Looking to the future, Revv is expanding its capabilities with the recent introduction of auto-quoting and advanced documentation tools. Additionally, following successful trials in the mechanical repair space, they've secured highly strategic distribution agreements to supercharge their presence in this new market segment. But Bathla has no plans of stopping there.
