CHANGE IS OVERDUE.
We believe that mechanics should be honest and repairs should be fast.
In order to further our mission of improving the process, in order to change the all-too-familiar check engine light pain to something a little less painful, The Car Savior is anouncing its first online Reg CF public offering through the Microventures platform. We are proud graduates of the Capital Factory Accelerator and are excited to share this opportunity.
At a glance:
The Car Savior is an online marketplace for car repair powered by an AI diagnostic algorithm. This enables the mechanic to know the problem before the customer arrives, and the customer gets the new ability to compare the pricing of their options. Without knowing what's wrong, this isn't possible. The Car Savior's proprietary diagnostic algorithm changes the game.
The industry of car repair has long awaited change. In 2019, there were approximately 280 million small vehicles on the road with the average vehicle age over 10 years old. Estimates show the market size of mechanical car repair is upwards of $300 billion, and projected to increase to $478 billion by 2026. Further, nearly everyone has experienced some of the pains of car repair at some point. The pain is not unique, but our solution is. By diagnosing the car before seeing the mechanic, the customer does not need to rely on the words of the mechanic and any upselling they may attempt. Our diagnostic is approimately 85% accurate, and in the rare case the diagnosis has to be changed, we do not perform any service until the customer confirms the changes.
In making the process of car repair smoother, it turns out that it ends up reducing the price of services dramatically. Car repair often costs as much as 60% less than dealership pricing, and that is not accounting for any upselling -- only for like-for-like jobs. As such, we are uniquely positioned to offer a better experience at a better price.