About CARS Protection Plus
CARS Protection Plus is a company based in Murrysville (United States) founded in 1998 was acquired by Spectrumautoholdings in October 2020.. The company has 97 employees as of December 31, 2022. CARS Protection Plus offers products and services including Power Train BASIC, Flex Protect Level 1, GAP Coverage, and 24-Hour Roadside Assistance. CARS Protection Plus operates in a competitive market with competitors including Driven Brands, Meineke Car Care, Safelite, Service King and Express Oil Change, among others.
- Headquarter Murrysville, United States
- Employees 97 as on 31 Dec, 2022
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cars Protection Plus Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
Spectrumautoholdings
& 1 more
-
Employee Count
97
as on Dec 31, 2022
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of CARS Protection Plus
CARS Protection Plus offers a comprehensive portfolio of products and services, including Power Train BASIC, Flex Protect Level 1, GAP Coverage, and 24-Hour Roadside Assistance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Basic protection plan for power train components in vehicles.
Entry-level plan offering customizable vehicle protection services.
Coverage for gaps in auto insurance for financed vehicles.
On-demand roadside help for vehicle breakdowns and emergencies.
Unlock access to complete
Funding Insights of CARS Protection Plus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CARS Protection Plus
CARS Protection Plus has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Spectrumautoholdings and Summit Park. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Summit Park is focused on lower middle market investments.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by CARS Protection Plus
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - CARS Protection Plus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cars Protection Plus Comparisons
Competitors of CARS Protection Plus
CARS Protection Plus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Driven Brands, Meineke Car Care, Safelite, Service King and Express Oil Change, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aftermarket automotive services are franchised across the United States.
|
|
| domain | founded_year | HQ Location |
Automotive repair and maintenance services are provided for vehicles nationwide.
|
|
| domain | founded_year | HQ Location |
Automotive repair and maintenance services are provided for vehicles.
|
|
| domain | founded_year | HQ Location |
Car repair and maintenance services are provided by Service King.
|
|
| domain | founded_year | HQ Location |
Full mechanical service center chain specializing in oil change
|
|
| domain | founded_year | HQ Location |
Oil change service provider for cars
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about CARS Protection Plus
When was CARS Protection Plus founded?
CARS Protection Plus was founded in 1998.
Where is CARS Protection Plus located?
CARS Protection Plus is headquartered in Murrysville, United States. It is registered at Murrysville, Pennsylvania, United States.
How many employees does CARS Protection Plus have?
As of Dec 31, 2022, the latest employee count at CARS Protection Plus is 97.
What does CARS Protection Plus do?
CARS Protection Plus was established in 1998 in Murrysville, United States, as a provider in the vehicle protection sector. Service contracts are offered to cover repair and maintenance costs for automobiles. Operations are centered on administering these plans through the domain carsprotectionplus.com, with services extended to customers across the country in the automotive industry.
Who are the top competitors of CARS Protection Plus?
CARS Protection Plus's top competitors include Driven Brands, Meineke Car Care and CARSTAR.
What products or services does CARS Protection Plus offer?
CARS Protection Plus offers Power Train BASIC, Flex Protect Level 1, GAP Coverage, and 24-Hour Roadside Assistance.
Who are CARS Protection Plus's investors?
CARS Protection Plus has 2 investors. Key investors include Spectrumautoholdings, and Summit Park.