BP Ventures invests in Zippity, onsite car maintenance for workplaces
Content from Zippity's press release
Zippity, the first workplace amenity for full-service car maintenance, recently secured $2.6M in funding from A3Ventures, BP Ventures, and LaunchPad Ventures which will be used to expand the company’s footprint throughout the nation starting in fall of 2018
- Maintenance services are performed inside completely self-contained Mobile Service Trailers which allow Zippity to service vehicles year-round in all weather conditions without any impact on client sites.
- Zippity’s Mobile Service Trailer is outfitted to perform comprehensive mechanical services, including: Brake and Wheel Work, Oil Changes, Tire Rotations, Battery Replacements, Filter and Fluids Replacements, Diagnostic services and more.
- Zippity partners with major parts distributors to ensure availability of high quality parts on-the-go for all vehicle makes and models.
- Customers receive day-of updates about their service via a digital Health Check Report and communicate directly with the service team to confirm services.
Since launching in 2017, Zippity has formed partnerships with companies across the New England area to provide over 50,000 employees access to comprehensive repair, diagnostic, and detailing services at their workplace.
“As automotive service delivery is rapidly evolving to better meet the needs of car owners, the workplace has become a critical service hub.” said Chief Executive Officer, Edward Warren. “We believe in a solution that is tailored to the workplace setting, which is why we are thrilled to combine Zippity’s strength in workplace service delivery with the deep automotive industry expertise of our investors to provide a premier workplace car care solution.”
“Zippity creates a delightful customer experience, coupled with a platform that has the potential to transform traditional auto maintenance”, said Cynthia Kueppers of A3Ventures. This sentiment is echoed by Zippity customers. “I just don’t have time to sit around for hours to get my car repaired. The fact that I went to work, dropped my keys off, and knew my oil change was being done made me feel fantastic. One less thing off my to do list!” said, Jeffrey Garside, an employee who uses Zippity.
"We are excited to make this investment in Zippity and look forward to working with them, as we explore opportunities brought about by customer demand for convenient car maintenance solutions."
Meghan Sharp, Managing Director, Americas, BP Ventures
Zippity partners with companies at no cost. Once a company selects their monthly service schedule, employees can book and manage their services at www.zippitycars.com
About Zippity
Zippity is the leading onsite car maintenance provider for the workplace. Its transformative solution combines fully equipped and self-contained Mobile Service Trailers with a seamless digital customer experience to make Zippity the premier partner for companies who wish to attract, engage, and retain employees through highly-valued and well-executed onsite services. Zippity is committed to delivering a transformative car care experience, driven by a focus on convenience, transparency, and world-class customer service. Since launching in 2017, Zippity has partnered with hundreds of companies to successfully deliver over 10,000 car maintenance services to employees at their workplace. For more information, please visit www.zippitycars.com.
About BP Ventures
BP Ventures identifies and invests in private, high growth, potentially game-changing technology companies, accelerating cutting-edge innovations across the entire energy spectrum. Since 2006, BP Ventures has invested over $400 million in corporate venturing and has 43 active investments in its current portfolio. BP Ventures’ portfolio is primarily focused on emerging technologies in oil and gas exploration and production and downstream conversion processes. In addition, it has a renewed strategic focus on five key areas: advanced mobility, bio & low carbon products, carbon management, digital transformation and power & storage. Shaun Healey, BP Ventures Principal, will take up an observer seat on the board of Zippity.
About A3
A3Ventures is the innovation lab and capital investment engine of AAA Northern California, Nevada & Utah (AAA NCNU). We invest in ideas and build products that help our Members and communities navigate the future. A3 Venture Capital brings a unique perspective: we measure success by investing in emerging ideas that will serve people and make impact. We engage with extraordinary founders and startups who are as committed to their teams as they are to their vision.
About Launchpad Ventures
Launchpad is a Boston-based venture investment group focused on seed and early-stage investments in technology-oriented companies. Launchpad is the largest group of early stage investors in the Northeast and one of the top three most active groups in the United States in both deal volume and dollars invested. Launchpad invests in early stage startups in the enterprise technology, life sciences and green technology and education technology spaces. Launchpad has a broad base of active investors from a variety of backgrounds and professions, including high-technology, financial services, industry, life sciences and healthcare. Barry Coffman will represent Launchpad on Zippity’s board and Catherine Popper will be a board observer.
Cautionary statement
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), BP is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.
Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.