ForeverCar.com

ForeverCar.com

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DateInvestorsAmountRound

$10.0m

Series A

$3.0m

Early VC
N/A

$3.5m

Early VC

N/A

Acquisition
Total Funding$16.5m

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ForeverCar operates in the vehicle service plan market, providing comprehensive repair coverage for cars without the need for long-term contracts. The company serves individual car owners who seek financial stability and peace of mind by protecting themselves from unexpected mechanical breakdowns. ForeverCar's business model revolves around offering customizable service plans that cater to different needs and vehicle types, ensuring transparency and convenience throughout the process. Customers can choose any licensed repair facility, and the company’s repair concierge team, known as Protectionators, assists them in navigating the repair process. ForeverCar makes money through monthly payments from customers who subscribe to their service plans. The company emphasizes transparency by providing detailed information about coverage options and costs, allowing customers to make informed decisions.

Keywords: vehicle service plans, repair coverage, financial stability, peace of mind, no long-term contracts, customizable plans, licensed repair facilities, transparency, Protectionators, monthly payments.

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