Company profile: ForeverCar
1.1 - Company Overview
Company description
- Provider of an online platform for managing car repairs, offering subscription vehicle service plans and a repair concierge that handles towing, mechanic coordination, and payment of covered repair costs. Distributed directly to consumers via forevercar.com and through a B2B2C strategy.
Products and services
- Online Repair Management Portal: A web-based platform simplifying consumer car repair management, delivering vehicle service plans and full concierge treatment via forevercar.com, with direct-to-consumer access and a supporting B2B2C strategy
- Repair Concierge Service: Personalized, concierge-managed assistance guiding subscribers through repairs, arranging towing, coordinating with mechanics, and handling payment of covered repair costs for a hassle-free experience
- Subscription Vehicle Repair Plan: A subscription-based plan granting access to the repair concierge for guidance, towing, mechanic coordination, and payment of covered repair expenses, streamlining consumer car repair management through ForeverCar’s platform.
Key contacts
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Financial details
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1.2 - Competitors and similar companies to ForeverCar
BuyAutoParts
HQ: United States
Website
- Description: Provider of original equipment and aftermarket auto parts and accessories for cars and trucks, including AC compressors and component kits, brakes, turbochargers, steering racks and gear boxes, suspension parts, shocks, struts, fuel pumps, control arm kits, serpentine belts, timing belt kits, and custom-fit floor mat sets for various makes and models.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full BuyAutoParts company profile →
CarInsurance.com
HQ: United States
Website
- Description: Provider of an online auto insurance marketplace offering quote comparisons across carriers, customized rate estimates, and the ability to purchase car insurance directly online or via a sales center. Services include expert advice and in-depth insurance rate analyses and trend reports, such as state-by-state and ZIP code cost comparisons.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full CarInsurance.com company profile →
Otoqi
HQ: France
Website
- Description: Provider of connected vehicle delivery and logistics solutions for automotive professionals, offering sales, after-sales and shared mobility services to simplify moving, servicing, charging, repairing and delivering fleets. Services include fleet management (refueling, repositioning, cleaning, field repairs), pick-up & delivery with DMS integration, car transfers across Europe within 48 hours, car delivery within 24 hours, a driver app, and a Fleet Manager dispatch system.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Otoqi company profile →
Worldwide Auctioneers
HQ: United States
Website
- Description: Provider of automotive auction and collection services for collectors of vintage motorcars, offering live and online auctions, private collection sales, collection management, appraisals, custom logistics, and promotion.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Worldwide Auctioneers company profile →
Edmunds
HQ: United States
Website
- Description: Provider of an online automotive inventory platform and consumer information, including pricing, expert reviews, specs, photos, videos, automotive enthusiast information, and industry commentary and analysis.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Edmunds company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for ForeverCar
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to ForeverCar
2.2 - Growth funds investing in similar companies to ForeverCar
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4 - Top valuation comps for ForeverCar
4.2 - Public trading comparable groups for ForeverCar
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