About Econo Lube
Econo Lube is a company based in Charlotte (United States) founded in 1973 was acquired by Meineke Car Care in June 2016.. Econo Lube operates in a competitive market with competitors including YourMechanic, RepairPal, Yoshi, Crash Champions and Openbay, among others.
- Headquarter Charlotte, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Meineke Car Care
(Jun 01, 2016)
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Funding Insights of Econo Lube
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Econo Lube
Econo Lube has secured backing from 1 investor. Prominent investors backing the company include Meineke Car Care. 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 |
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Automotive repair and maintenance services are provided for vehicles nationwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Econo Lube
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Econo Lube
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Econo Lube Comparisons
Competitors of Econo Lube
Econo Lube 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 YourMechanic, RepairPal, Yoshi, Crash Champions and Openbay, 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 |
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| domain | founded_year | HQ Location |
On-demand vehicle maintenance and repairs are provided via mobile platform.
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| domain | founded_year | HQ Location |
Auto repair estimates and vetted mechanic directories are offered online.
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| domain | founded_year | HQ Location |
Mobile vehicle inspection and maintenance solutions are provided to fleets.
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| domain | founded_year | HQ Location |
Towing assistance, vehicle painting, and repair services are provided.
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| domain | founded_year | HQ Location |
Automotive repair services are aggregated via a mobile app platform.
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| domain | founded_year | HQ Location |
Auto repair, glass replacement, and fleet maintenance services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Econo Lube
When was Econo Lube founded?
Econo Lube was founded in 1973.
Where is Econo Lube located?
Econo Lube is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
What does Econo Lube do?
Econo Lube was established in 1973 in Charlotte, United States. Automotive repair services are offered, with a focus on lubrication, oil changes, and general vehicle maintenance. Operations are conducted within the automotive sector, serving customers in the local area through various service locations. The company maintains a domain at econolube.com for online presence and inquiries. Standard repair needs are addressed without specialized manufacturing.
Who are the top competitors of Econo Lube?
Who are Econo Lube's investors?
Econo Lube has 1 investor. Key investors include Meineke Car Care.
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