New Investment : Servisor
What they do:
Servisor revolutionizes car servicing through an online platform where consumers effortlessly:
Benchmark costs and service details
Access comprehensive cost breakdowns, covering parts, labor, and final expenses
Compare prices, ratings, and discounts, then seamlessly book through the trusted workshop network
Servisor's user-friendly interface saves time and money, empowering car owners to make informed and cost-effective service decisions.
Why we invested:
The current environment in the motor industry in South Africa is under pressure to transform and decrease the barriers to entry, at the same time, become more transparent and find ways to improve the standard of quality.
Income (Ex VAT) from services in the motor trade industry in South Africa totalled nearly R50m (USD 2.5m) in 2018. The Frost & Sullivan South Africa Automotive Aftermarket Insights 2021 report put the total South African Repairs Market at R50bn (USD 2.5bn). Servisor allows approved workshops (of all levels) to compete fairly and in essence focusing on accelerating the adoption of the Right To Repair legislation that came into effect in July 2021.
When we Invested:
The Investment in Servisor was made in Q4/2023
The Founder:
Cale Hollis, a Co-founder and the CEO of Servisor, brings a decade of strategic experience from EY, BHP Billiton, First National Bank, and Massmart into the startup arena.
With diverse industry insights and a background in Molecular, Chemical, and Cellular Biology, Cale drives the development of Servisor. His customer-centric approach and leadership finesse, coupled with a commitment to excellence, guide Servisor in delivering a simple, reliable, and intuitive solution. In this debut venture, Cale's expertise ensures Servisor's success in meeting the evolving needs of car owners.
Active in:
South Africa
