About Steer Automotive Group
Steer Automotive Group is a company based in Birmingham (United Kingdom) founded in 2003 was acquired by Oakley Capital Investments in December 2023.. Steer Automotive Group has completed 18 acquisitions, including AW Accident Repair, Apollo Motor Group and Balgores. Steer Automotive Group offers products and services including Accident Repair, Alloy Wheel Repair, Paintless Dent Removal, Fitting Parking Sensors, and Air Conditioning Services. Steer Automotive Group operates in a competitive market with competitors including Belron, Kwik Fit, Fixter, ABL 1Touch and Autoglass, among others.
- Headquarter Birmingham, 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 Steer Automotive Group Limited
- Date of Incorporation 04 Oct, 2012
- Jurisdiction AYLESBURY, BUCKINGHAMSHIRE, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Oakley Capital Investments
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
AW Accident Repair
& 17 more
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Acquired by
Oakley Capital Investments
(Dec 01, 2023)
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Products & Services of Steer Automotive Group
Steer Automotive Group offers a comprehensive portfolio of products and services, including Accident Repair, Alloy Wheel Repair, Paintless Dent Removal, Fitting Parking Sensors, and Air Conditioning Services. 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.
Repairs vehicles after accidents with sustainable methods.
Restores damaged alloy wheels efficiently.
Removes dents without repainting vehicles.
Installs sensors for safer vehicle parking.
Repairs and maintains vehicle air conditioning.
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Funding Insights of Steer Automotive Group
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Steer Automotive Group | Valuation |
investors |
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| Apr, 2021 | Amount | Seed - Steer Automotive Group | Valuation | Chiltern Capital |
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| 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 Steer Automotive Group
Steer Automotive Group has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Oakley Capital Investments, Keyhaven Capital Partners and Chiltern Capital. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Private equity and venture capital investment firm
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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 Steer Automotive Group
Steer Automotive Group has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include AW Accident Repair, Apollo Motor Group and Balgores. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Fleet rental and vehicle repair company providing maintenance services for vehicles
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2021 | ||||
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Accident repair services are provided across the United Kingdom.
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2018 | ||||
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Accident repair services for vehicles are offered in the UK.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Steer Automotive Group
| 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 |
Steer Automotive Group Comparisons
Competitors of Steer Automotive Group
Steer Automotive Group 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 Belron, Kwik Fit, Fixter, ABL 1Touch and Autoglass, 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 |
Vehicle glass repair and replacement services are provided internationally.
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| domain | founded_year | HQ Location |
Automotive parts are manufactured and repair services are provided.
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| domain | founded_year | HQ Location |
Car maintenance services are facilitated via an online marketplace platform.
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| domain | founded_year | HQ Location |
Automotive repair services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
On-demand vehicle glass repair and maintenance services are delivered online.
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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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Latest news on Steer Automotive Group
Frequently Asked Questions about Steer Automotive Group
When was Steer Automotive Group founded?
Steer Automotive Group was founded in 2003 and raised its 1st funding round 18 years after it was founded.
Where is Steer Automotive Group located?
Steer Automotive Group is headquartered in Birmingham, United Kingdom. It is registered at Birmingham, England, United Kingdom.
What does Steer Automotive Group do?
Steer Automotive Group was established in 2003 and is based in Birmingham, United Kingdom. Automotive repair services are offered by the company, encompassing maintenance and repair for various vehicle types. Operations are centered in the UK automotive sector, with a focus on efficient service delivery to local customers. The groups domain, steer.co.uk, supports online access to these services, ensuring coverage in the regional market.
Who are the top competitors of Steer Automotive Group?
Steer Automotive Group's top competitors include Belron, ABL 1Touch and Fixter.
What products or services does Steer Automotive Group offer?
Steer Automotive Group offers Accident Repair, Alloy Wheel Repair, Paintless Dent Removal, Fitting Parking Sensors, and Air Conditioning Services.
How many acquisitions has Steer Automotive Group made?
Steer Automotive Group has made 18 acquisitions, including AW Accident Repair, Apollo Motor Group, and Balgores.
Who are Steer Automotive Group's investors?
Steer Automotive Group has 3 investors. Key investors include Oakley Capital Investments, Keyhaven Capital Partners, and Chiltern Capital.