About RAC Corporate
RAC Corporate is a company based in Walsall (United Kingdom) founded in 1897 was acquired by CVC in June 2016.. RAC Corporate offers products and services including Breakdown Cover, Car Insurance, European Breakdown Cover, and Home Insurance. RAC Corporate operates in a competitive market with competitors including RAC, Richford Motoring Services, Egertons Recovery, Patcher and The Mansfield Group, among others.
- Headquarter Walsall, United Kingdom
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Rac Motoring Services
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Products & Services of RAC Corporate
RAC Corporate offers a comprehensive portfolio of products and services, including Breakdown Cover, Car Insurance, European Breakdown Cover, and Home Insurance. 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.
Offers roadside assistance and vehicle recovery for members
Provides policies for vehicle protection and coverage needs
Delivers assistance for vehicles abroad in Europe
Offers protection for homes and related assets
Funding Insights of RAC Corporate
| 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 |
Investors in RAC Corporate
RAC Corporate has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include CVC and GIC. 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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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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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 RAC Corporate
| 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 - RAC Corporate
| 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 |
Rac Corporate Comparisons
Competitors of RAC Corporate
RAC Corporate 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 RAC, Richford Motoring Services, Egertons Recovery, Patcher and The Mansfield Group, 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 |
Vehicle parts and accessories are sold via an online platform.
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| domain | founded_year | HQ Location |
Vehicle assistance, recovery, workshop, and motor services are provided.
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| domain | founded_year | HQ Location |
Repair, breakdown recovery, specialist assistance, and fleet services are provided.
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| domain | founded_year | HQ Location |
A smartphone app offering roadside assistance and car maintenance services.
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| domain | founded_year | HQ Location |
Offers 24/7 vehicle rescue, recovery, and roadside assistance services.
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| domain | founded_year | HQ Location |
Provides nationwide vehicle breakdown and recovery services to individuals and businesses.
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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 RAC Corporate
When was RAC Corporate founded?
RAC Corporate was founded in 1897.
Where is RAC Corporate located?
RAC Corporate is headquartered in Walsall, United Kingdom. It is registered at Walsall, West Midlands, United Kingdom.
Who is the current CEO of RAC Corporate?
Dave Hobday is the current CEO of RAC Corporate.
What does RAC Corporate do?
RAC Corporate was established in 1897 and is headquartered in Walsall, United Kingdom. Roadside assistance for automotive vehicles forms the core of its operations within the automotive services sector. Coverage is extended across the UK through a network of support services, including breakdown recovery and vehicle repairs. Leadership is provided by CEO Dave Hobday, with the companys domain registered as raccorporate.co.uk.
Who are the top competitors of RAC Corporate?
RAC Corporate's top competitors include RAC, Egertons Recovery and Richford Motoring Services.
What products or services does RAC Corporate offer?
RAC Corporate offers Breakdown Cover, Car Insurance, European Breakdown Cover, and Home Insurance.