Roadside assistance startup ReadyAssist acquired two-wheeler servicing chain SpeedForce for $10 million

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Roadside assistance startup ReadyAssist acquired Gujarat-based two-wheeler servicing chain SpeedForce for $10 million in a cash and stock deal.

ReadyAssist provides roadside assistance to vehicle owners. It collaborates with service providers to assist vehicle owners with roadside repair services. With this acquisition, SpeedForce intends to open more than 1000 workshops in the coming year and expand to 4000 workshops over the next five years. Furthermore, the startup stated that it intends to strengthen SpeedForce’s franchise chain this year by opening 700 two-wheeler workshops and 72 four-wheeler workshops, bringing the total number of workshops to 1000 by the end of March 2024.

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Roadside assistance startup ReadyAssist acquired two-wheeler servicing chain SpeedForce for $10 million

Roadside assistance startup ReadyAssist acquired Gujarat-based two-wheeler servicing chain SpeedForce for $10 million in a cash and stock deal.

ReadyAssist provides roadside assistance to vehicle owners. It collaborates with service providers to assist vehicle owners with roadside repair services. With this acquisition, SpeedForce intends to open more than 1000 workshops in the coming year and expand to 4000 workshops over the next five years. Furthermore, the startup stated that it intends to strengthen SpeedForce’s franchise chain this year by opening 700 two-wheeler workshops and 72 four-wheeler workshops, bringing the total number of workshops to 1000 by the end of March 2024.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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